Digital Realty Trust, Inc. (DLR) Rating Reiterated by Stifel Nicolaus
Digital Realty Trust, Inc. (NYSE:DLR)‘s stock had its “hold” rating reiterated by stock analysts at Stifel Nicolaus in a report released on Thursday. They currently have a $117.00 price target on the real estate investment trust’s stock. Stifel Nicolaus’ price target would indicate a potential downside of 0.50% from the stock’s previous close.
Other analysts have also recently issued reports about the company. BidaskClub raised Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $127.00 price objective on shares of Digital Realty Trust in a report on Thursday, June 8th. Zacks Investment Research raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a report on Monday, July 17th. Canaccord Genuity reaffirmed a “buy” rating and set a $127.00 price objective on shares of Digital Realty Trust in a report on Friday, August 18th. Finally, KeyCorp reaffirmed a “buy” rating and set a $130.00 price objective on shares of Digital Realty Trust in a report on Friday, August 25th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $120.08.
Digital Realty Trust (DLR) opened at 117.59 on Thursday. The company has a market capitalization of $19.07 billion, a PE ratio of 47.76 and a beta of -0.01. Digital Realty Trust has a 12 month low of $85.63 and a 12 month high of $127.23. The firm’s 50-day moving average is $117.36 and its 200-day moving average is $113.24.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The business had revenue of $565.99 million for the quarter, compared to analysts’ expectations of $559.93 million. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. Equities analysts anticipate that Digital Realty Trust will post $1.55 EPS for the current fiscal year.
In other Digital Realty Trust news, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total value of $2,996,350.52. Following the transaction, the insider now owns 25,733 shares of the company’s stock, valued at approximately $2,996,350.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William G. Laperch acquired 1,200 shares of the business’s stock in a transaction on Monday, August 7th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the transaction, the director now directly owns 1,200 shares in the company, valued at $30,000. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in DLR. Northwestern Mutual Wealth Management Co. grew its position in Digital Realty Trust by 50.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 328 shares during the last quarter. Parallel Advisors LLC grew its position in Digital Realty Trust by 18.0% in the 2nd quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 148 shares during the last quarter. Sun Life Financial INC grew its position in Digital Realty Trust by 12,844.4% in the 2nd quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 1,156 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in Digital Realty Trust in the 2nd quarter valued at $134,000. Finally, Muzinich & Co. Inc. grew its position in Digital Realty Trust by 37.1% in the 1st quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 383 shares during the last quarter.
Digital Realty Trust Company Profile
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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