Digital Realty Trust (DLR) Stock Rating Reaffirmed by SunTrust Banks

Digital Realty Trust (NYSE:DLR)‘s stock had its “buy” rating reaffirmed by equities researchers at SunTrust Banks in a research report issued to clients and investors on Friday, November 24th. They currently have a $135.00 price target on the real estate investment trust’s stock. SunTrust Banks’ price target would suggest a potential upside of 19.45% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. ValuEngine upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus restated a “hold” rating and set a $117.00 target price on shares of Digital Realty Trust in a research report on Thursday, September 14th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Monday, October 30th. Deutsche Bank increased their price target on shares of Digital Realty Trust from $111.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, Barclays restated a “buy” rating and issued a $132.00 target price on shares of Digital Realty Trust in a research report on Friday, September 8th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Digital Realty Trust currently has a consensus rating of “Hold” and an average target price of $125.07.

Digital Realty Trust (NYSE:DLR) traded up $2.43 during trading on Friday, hitting $113.02. 1,828,100 shares of the stock were exchanged, compared to its average volume of 1,277,078. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market cap of $22,719.90, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 2.83 and a beta of -0.10. Digital Realty Trust has a one year low of $89.50 and a one year high of $127.23.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The firm had revenue of $609.90 million for the quarter, compared to analysts’ expectations of $595.49 million. During the same period in the prior year, the firm earned $1.44 EPS. The business’s revenue was up 11.6% on a year-over-year basis. analysts expect that Digital Realty Trust will post 6.09 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of DLR. Russell Investments Group Ltd. boosted its holdings in Digital Realty Trust by 10.9% during the second quarter. Russell Investments Group Ltd. now owns 330,657 shares of the real estate investment trust’s stock worth $37,352,000 after purchasing an additional 32,599 shares during the last quarter. ING Groep NV boosted its holdings in Digital Realty Trust by 0.5% during the second quarter. ING Groep NV now owns 13,078 shares of the real estate investment trust’s stock worth $1,477,000 after purchasing an additional 63 shares during the last quarter. Shell Asset Management Co. boosted its holdings in Digital Realty Trust by 44.5% during the second quarter. Shell Asset Management Co. now owns 15,855 shares of the real estate investment trust’s stock worth $1,791,000 after purchasing an additional 4,886 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Digital Realty Trust by 22.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,281 shares of the real estate investment trust’s stock worth $371,000 after acquiring an additional 605 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in Digital Realty Trust by 84.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,390 shares of the real estate investment trust’s stock worth $1,061,000 after acquiring an additional 4,290 shares during the period. Hedge funds and other institutional investors own 98.54% of the company’s stock.

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About Digital Realty Trust

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.

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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