Digital Realty Trust, Inc. (NYSE:DLR) – Investment analysts at SunTrust Banks dropped their Q4 2018 earnings per share (EPS) estimates for shares of Digital Realty Trust in a research report issued to clients and investors on Friday. SunTrust Banks analyst G. Miller now expects that the real estate investment trust will earn $1.67 per share for the quarter, down from their prior estimate of $1.69. SunTrust Banks currently has a “Buy” rating and a $135.00 price objective on the stock. SunTrust Banks also issued estimates for Digital Realty Trust’s Q1 2019 earnings at $1.71 EPS, Q2 2019 earnings at $1.75 EPS, Q4 2019 earnings at $1.81 EPS and FY2019 earnings at $7.04 EPS.
DLR has been the topic of several other research reports. Deutsche Bank lifted their price objective on Digital Realty Trust from $111.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Wells Fargo & Co upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $109.31 to $120.00 in a report on Friday, December 22nd. Robert W. Baird upgraded Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $124.00 price objective on the stock in a report on Tuesday, January 16th. Finally, ValuEngine upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $122.19.
Large investors have recently made changes to their positions in the stock. Amica Retiree Medical Trust purchased a new position in Digital Realty Trust during the 3rd quarter valued at about $102,000. Grove Bank & Trust grew its holdings in shares of Digital Realty Trust by 1,284.6% during the 3rd quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 835 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in shares of Digital Realty Trust by 4,984.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 947 shares during the period. Fieldpoint Private Securities LLC purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $134,000. Finally, Investment Counselors of Maryland LLC purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $154,000. Institutional investors own 97.86% 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.
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