Zacks Upgrades Digital Realty Trust to “Neutral” (DLR)
Digital Realty Trust (NYSE:DLR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, American Banking News.com reports. The firm currently has a $55.10 price objective on the stock. Zacks‘ price target would indicate a potential upside of 1.77% from the stock’s previous close.
A number of other firms have also recently commented on DLR. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Digital Realty Trust in a research note on Tuesday. They now have a $73.00 price target on the stock. Separately, analysts at Ned Davis Research downgraded shares of Digital Realty Trust from a “neutral” rating to a “sell” rating in a research note on Monday. Finally, analysts at TheStreet upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $60.06.
Digital Realty Trust (NYSE:DLR) traded down 0.91% on Tuesday, hitting $53.65. 2,821,791 shares of the company’s stock traded hands. Digital Realty Trust has a one year low of $43.04 and a one year high of $74.00. The stock has a 50-day moving average of $51.76 and a 200-day moving average of $51.44. The company has a market cap of $6.891 billion and a P/E ratio of 25.11.
Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Monday, February 24th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.12. The company had revenue of $380.93 million for the quarter, compared to the consensus estimate of $376.66 million. During the same quarter in the previous year, the company posted $1.15 earnings per share. Analysts expect that Digital Realty Trust will post $4.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a boost from Digital Realty Trust’s previous quarterly dividend of $0.78.
Digital Realty Trust, Inc is a real estate investment trust (NYSE:DLR).
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