Digital Realty Trust, Inc. (DLR) PT Raised to $133.00 at Royal Bank Of Canada
Digital Realty Trust, Inc. (NYSE:DLR) had its price target boosted by stock analysts at Royal Bank Of Canada from $127.00 to $133.00 in a note issued to investors on Wednesday. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 14.16% from the company’s current price.
Several other equities research analysts have also recently weighed in on DLR. KeyCorp reaffirmed a “buy” rating and issued a $130.00 price target on shares of Digital Realty Trust in a research note on Tuesday, September 26th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $127.00 target price on shares of Digital Realty Trust in a research report on Tuesday, September 26th. William Blair began coverage on shares of Digital Realty Trust in a research report on Friday, September 22nd. They set a “market perform” rating for the company. Jefferies Group LLC reissued a “hold” rating and set a $119.00 price target on shares of Digital Realty Trust in a research report on Friday, September 15th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $117.00 price objective on shares of Digital Realty Trust in a research note on Thursday, September 14th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Digital Realty Trust currently has a consensus rating of “Buy” and an average target price of $121.00.
Shares of Digital Realty Trust (DLR) opened at 116.50 on Wednesday. Digital Realty Trust has a 12 month low of $85.63 and a 12 month high of $127.23. The company has a market capitalization of $18.90 billion, a price-to-earnings ratio of 47.32 and a beta of 0.01. The company has a 50-day moving average price of $117.81 and a 200-day moving average price of $114.28.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. During the same quarter in the prior year, the business earned $1.42 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that Digital Realty Trust will post $1.51 EPS for the current year.
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In other news, Director William G. Laperch bought 1,200 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were bought 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 $30,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Sharp sold 25,733 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was 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 disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC boosted its holdings 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 worth $112,000 after buying an additional 148 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $110,000 after purchasing an additional 328 shares during the period. Sun Life Financial INC boosted its stake 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 worth $132,000 after purchasing an additional 1,156 shares during the period. Almanack Investment Partners LLC. bought a new position in Digital Realty Trust in the 2nd quarter worth approximately $134,000. Finally, Muzinich & Co. Inc. boosted its stake 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 worth $150,000 after purchasing an additional 383 shares during the period.
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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