Digital Realty Trust, Inc. (DLR) Stock Rating Reaffirmed by KeyCorp
Digital Realty Trust, Inc. (NYSE:DLR)‘s stock had its “buy” rating reissued by equities research analysts at KeyCorp in a report released on Tuesday. They currently have a $130.00 target price on the real estate investment trust’s stock. KeyCorp’s price target suggests a potential upside of 14.07% from the stock’s previous close.
DLR has been the topic of several other research reports. Macquarie reissued a “neutral” rating and set a $105.00 price objective on shares of Digital Realty Trust in a report on Tuesday, July 4th. Canaccord Genuity reissued a “buy” rating and set a $127.00 price objective on shares of Digital Realty Trust in a report on Friday, August 18th. William Blair began coverage on Digital Realty Trust in a report on Friday, September 22nd. They set a “market perform” rating on the stock. BidaskClub raised Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Finally, 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. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $120.50.
Digital Realty Trust (NYSE DLR) opened at 115.25 on Tuesday. The stock’s 50 day moving average price is $117.53 and its 200 day moving average price is $113.45. The stock has a market capitalization of $18.69 billion, a PE ratio of 46.81 and a beta of -0.01. Digital Realty Trust has a 1-year low of $85.63 and a 1-year high of $127.23.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The company had revenue of $565.99 million for the quarter, compared to analyst estimates of $559.93 million. During the same quarter last year, the firm earned $1.42 EPS. Digital Realty Trust’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts forecast that Digital Realty Trust will post $1.51 earnings per share for the current year.
In other Digital Realty Trust news, insider Christopher Sharp sold 25,733 shares of the business’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 $2,996,350.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William G. Laperch acquired 1,200 shares of Digital Realty Trust 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 purchase, the director now owns 1,200 shares of the company’s stock, valued at approximately $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Perpetual Ltd bought a new stake in shares of Digital Realty Trust during the second quarter worth $2,820,000. Bogart Wealth LLC raised its position in shares of Digital Realty Trust by 46.5% during the second quarter. Bogart Wealth LLC now owns 12,492 shares of the real estate investment trust’s stock worth $1,411,000 after acquiring an additional 3,965 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Digital Realty Trust during the second quarter worth $7,500,000. WFG Advisors LP raised its position in shares of Digital Realty Trust by 134.4% during the second quarter. WFG Advisors LP now owns 7,566 shares of the real estate investment trust’s stock worth $855,000 after acquiring an additional 4,338 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Digital Realty Trust by 25.9% during the second quarter. Toronto Dominion Bank now owns 54,116 shares of the real estate investment trust’s stock worth $6,112,000 after acquiring an additional 11,142 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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