Digital Realty Trust’s Hold Rating Reaffirmed at Deutsche Bank (DLR)
Digital Realty Trust (NYSE:DLR)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a report released on Wednesday, AR Network reports. They currently have a $66.00 price objective on the stock. Deutsche Bank’s target price points to a potential upside of 14.50% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Digital Realty Trust (NYSE:DLR) from $72.00 to $65.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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. 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 analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Digital Realty Trust currently has a consensus rating of “Buy” and an average target price of $71.14.
Shares of Digital Realty Trust (NYSE:DLR) traded up 4.70% during mid-day trading on Wednesday, hitting $57.64. 1,180,324 shares of the company’s stock traded hands. Digital Realty Trust has a 1-year low of $50.98 and a 1-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 issued its quarterly earnings data on Friday, July 26th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Digital Realty Trust will post $4.80 EPS for the current fiscal year.
In other Digital Realty Trust news, CFO A William Stein acquired 10,000 shares of Digital Realty Trust stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of $52.94 per share, with a total value of $529,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Digital Realty Trust, Inc is a real estate investment trust (NYSE:DLR).
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