Digital Realty Trust (NYSE: DLR) has recently received a number of price target changes and ratings updates:

  • 9/1/2017 – Digital Realty Trust was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/25/2017 – Digital Realty Trust had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $130.00 price target on the stock.
  • 8/25/2017 – Digital Realty Trust had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $126.00 price target on the stock.
  • 8/24/2017 – Digital Realty Trust was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/18/2017 – Digital Realty Trust had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $127.00 price target on the stock.
  • 8/2/2017 – Digital Realty Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Digital Realty’s second-quarter 2017 core funds from operations (FFO) per share exceeded the Zacks Consensus Estimate. Results were supported by growth in revenues. Further, the company reiterated its 2017 core FFO per share outlook. In Jun 2017, the company announced that it is set to acquire DuPont Fabros Technology in an all-stock transaction for an enterprise value of about $7.6 billion. This move would enhance Digital Realty’s portfolio in top U.S. data center metro areas. The company is well poised for growth, backed by robust fundamentals of the data center market. Accretive acquisitions, development efforts and solid balance sheet augur well for long-term growth. Also, its shares outperformed the industry it belongs to, year to date. However, exposure of its earnings to foreign currency translation, cut-throat competition in the industry and a substantial debt burden remain concerns.”
  • 7/31/2017 – Digital Realty Trust was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/21/2017 – Digital Realty Trust had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $117.00 price target on the stock.
  • 7/17/2017 – Digital Realty Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $126.00 price target on the stock. According to Zacks, “Shares of Digital Realty outperformed the Zacks categorized REIT and Equity Trust – Other industry over the past six months. In Jun 2017, the company announced that it is set to acquire DuPont Fabros Technology in an all-stock transaction for an enterprise value of about $7.6 billion. The move would enhance Digital Realty’s portfolio in top U.S. data center metro areas across Northern Virginia, Chicago and Silicon Valley. Further, it is expected to be immediately accretive to financial metrics. The company is well poised to ride on the growth curve backed by robust fundamentals of the data center market. Further, its accretive acquisitions, development efforts and solid balance sheet augur well for long-term growth. However, exposure of the company’s earnings to foreign currency translation, cut-throat competition in the industry and a substantial debt burden remain concerns.”
  • 7/14/2017 – Digital Realty Trust had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $120.00 price target on the stock.
  • 7/8/2017 – Digital Realty Trust was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Digital Realty Trust, Inc. (DLR) traded down 0.25% during mid-day trading on Wednesday, reaching $118.88. 439,645 shares of the company were exchanged. Digital Realty Trust, Inc. has a one year low of $85.63 and a one year high of $121.53. The stock has a 50 day moving average of $115.37 and a 200-day moving average of $112.49. The stock has a market capitalization of $19.28 billion, a price-to-earnings ratio of 48.29 and a beta of -0.01.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The company had revenue of $565.99 million for the quarter, compared to analysts’ expectations of $559.93 million. During the same quarter last year, the business earned $1.42 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, equities analysts expect that Digital Realty Trust, Inc. will post $1.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s payout ratio is 148.21%.

In other Digital Realty Trust news, insider Christopher Sharp sold 25,733 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the sale, the insider now owns 25,733 shares in the company, valued at approximately $2,996,350.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William G. Laperch bought 1,200 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the purchase, the director now owns 1,200 shares in the company, valued at approximately $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by company insiders.

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

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