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Digital Realty Trust (NYSE: DLR) received a number of ratings updates from brokerages and research firms in the last week:

  • Digital Realty Trust had its price target raised by analysts at Barclays from $59.00 to $62.00. They now have an “overweight” rating on the stock.
  • Digital Realty Trust was downgraded by analysts at Jefferies Group from a “buy” rating to a “hold” rating. They now have a $59.00 price target on the stock, down previously from $60.00. They wrote, “Given two years of disappointing results, guidance reductions, and a minor accounting problem in 2013, DLR traded at as much as a 25% discount to our NAV estimate. However, since that time, DLR has delivered on operational execution, which has helped to close much of the valuation gap. “Leasing over the past three quarters has been strong, and the company certainly seems to be moving in the right direction. On the 1Q14 earnings call, Interim CEO Bill Stein laid out a good vision to increase return on invested capital through more conservative capital deployment and asset sales. Spurred by this progress, the stock price is up +32% since bottoming in December, outperforming the RMZ by +16%. DLR is now trading at a -1% discount to NAV on our estimates, compared to the company’s long-term +7% NAV premium. “However, we do not expect DLR to return to its long-term NAV premium in the near-tem given the uncertainty related to the CEO search, and the need for more quarters of solid leasing results to confirm that recent volumes are sustainable. Accordingly, we are changing our rating to HOLD, but increasing our 2014 YE price target by a dollar, to $60 in light of recent operational performance.”
  • Digital Realty Trust was downgraded by analysts at MLV & Co
    from a “buy” rating to a “hold” rating. They now have a $60.00 price target on the stock, up previously from $59.00.
  • Digital Realty Trust was downgraded by analysts at MLV & Co
    from a “buy” rating to a “hold” rating. They now have a $60.00 price target on the stock, up previously from $59.00.
  • Digital Realty Trust was downgraded by analysts at Cantor Fitzgerald from a “buy” rating to a “hold” rating.

Shares of Digital Realty Trust, Inc. (NYSE:DLR) traded up 0.28% on Friday, hitting $57.56. 405,315 shares of the company’s stock traded hands. Digital Realty Trust, Inc. has a 1-year low of $43.04 and a 1-year high of $65.43. The stock has a 50-day moving average of $55.42 and a 200-day moving average of $51.61. The company has a market cap of $7.790 billion and a P/E ratio of 28.19.

Digital Realty Trust, Inc is a real estate investment trust (NYSE:DLR).

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