Digital Realty Trust Price Target Lowered to $65.00 at Jefferies Group (DLR)
Equities researchers at Jefferies Group decreased their price target on shares of Digital Realty Trust (NYSE:DLR) from $72.00 to $65.00 in a research report issued on Wednesday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 12.77% from the stock’s previous close.
Digital Realty Trust (NYSE:DLR) traded up 4.70% during mid-day trading on Wednesday, hitting $57.64. The stock had a trading volume of 1,180,324 shares. Digital Realty Trust has a one year low of $50.98 and a one year high of $74.00. The stock’s 50-day moving average is $54.2 and its 200-day moving average is $62.28. The company has a market cap of $7.403 billion and a P/E ratio of 38.47.
Digital Realty Trust (NYSE:DLR) last released its earnings data on Friday, July 26th. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.04. The company had revenue of $363.50 million for the quarter, compared to the consensus estimate of $366.31 million. During the same quarter in the prior year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. On average, analysts predict that Digital Realty Trust will post $4.80 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on DLR. Analysts at TheStreet downgraded shares of Digital Realty Trust (NYSE:DLR) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 11th. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Digital Realty Trust (NYSE:DLR) in a research note to investors on Tuesday, July 30th. They now have a $66.00 price target on the stock. Finally, analysts at Raymond James cut their price target on shares of Digital Realty Trust (NYSE:DLR) from $78.00 to $74.00 in a research note to investors on Monday, July 29th. They now have a “strong-buy” rating on the stock.
Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $71.14.
In other Digital Realty Trust news, CFO A William Stein purchased 10,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $52.94 per share, with a total value of $529,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Digital Realty Trust, Inc is a real estate investment trust (NYSE:DLR).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.