Digital Realty Trust, Inc. (NYSE:DLR) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Monday, July 31st.
A number of other brokerages also recently issued reports on DLR. Stifel Nicolaus restated a “hold” rating and set a $117.00 price objective on shares of Digital Realty Trust in a research report on Friday, July 21st. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Monday, July 17th. Jefferies Group LLC restated a “hold” rating and set a $120.00 price objective on shares of Digital Realty Trust in a research report on Friday, July 14th. Macquarie restated a “neutral” rating and set a $105.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, July 4th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Digital Realty Trust in a research report on Monday, June 12th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Digital Realty Trust has an average rating of “Buy” and an average target price of $116.67.
Shares of Digital Realty Trust (NYSE DLR) opened at 111.82 on Monday. The company has a 50 day moving average of $113.61 and a 200-day moving average of $111.16. The firm has a market cap of $18.14 billion, a PE ratio of 45.42 and a beta of -0.03. Digital Realty Trust has a 12-month low of $85.63 and a 12-month high of $121.53.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, beating the consensus estimate of $1.49 by $0.05. The firm had revenue of $565.99 million during the quarter, compared to the consensus estimate of $559.93 million. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $1.42 earnings per share. Equities research analysts forecast that Digital Realty Trust will post $1.58 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Digital Realty Trust, Inc. (DLR) Upgraded by BidaskClub to “Hold”” was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://stocknewstimes.com/2017/08/12/digital-realty-trust-inc-dlr-upgraded-to-hold-by-bidaskclub-updated.html.
In related news, SVP Joshua A. Mills sold 9,211 shares of Digital Realty Trust stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following the sale, the senior vice president now directly owns 13,377 shares in the company, valued at $1,605,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William G. Laperch purchased 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the acquisition, the director now directly 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 owned by insiders.
A number of hedge funds have recently modified their holdings of the company. Parallel Advisors LLC raised its stake in shares of Digital Realty Trust by 18.0% in the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 148 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Digital Realty Trust by 50.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 328 shares during the last quarter. Ledyard National Bank raised its stake in shares of Digital Realty Trust by 15.9% in the first quarter. Ledyard National Bank now owns 1,095 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 150 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of Digital Realty Trust during the second quarter valued at about $134,000. Finally, Muzinich & Co. Inc. raised its stake in shares of Digital Realty Trust by 37.1% in the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock valued at $150,000 after buying 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.
Receive News & Ratings for Digital Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
