Digital Realty Trust Price Target Lowered to $68.00 at Raymond James (DLR)
Analysts at Raymond James reduced their price objective on shares of Digital Realty Trust (NYSE:DLR) from $74.00 to $68.00 in a research report issued to clients and investors on Tuesday, AmericanBankingNews.com reports. Raymond James’ target price points to a potential upside of 29.52% from the company’s current price.
Shares of Digital Realty Trust (NYSE:DLR) traded down 2.67% during mid-day trading on Tuesday, hitting $52.50. The stock had a trading volume of 1,150,277 shares. 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 $54.30 and its 200-day moving average is $60.89. The company has a market cap of $6.742 billion and a price-to-earnings ratio of 37.69.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Friday, July 26th. The company reported $1.22 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.07 earnings per share. Digital Realty Trust’s revenue was up 19.7% compared to the same quarter last year. On average, analysts predict that Digital Realty Trust will post $4.80 earnings per share for the current fiscal year.
A number of other firms have also recently commented on DLR. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Digital Realty Trust in a research note to investors on Wednesday, September 18th. They now have a $66.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Digital Realty Trust from $72.00 to $65.00 in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. Finally, analysts at TheStreet downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 11th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.71.
Digital Realty Trust, Inc is a real estate investment trust (NYSE:DLR).
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