Deutsche Bank Increases Digital Realty Trust Price Target to $69.00 (DLR)
Equities research analysts at Deutsche Bank boosted their price objective on shares of Digital Realty Trust (NYSE:DLR) from $68.00 to $69.00 in a research note issued to investors on Thursday. Deutsche Bank’s price objective suggests a potential upside of 7.66% from the stock’s previous close.
Shares of Digital Realty Trust (NYSE:DLR) traded down 0.47% during mid-day trading on Thursday, hitting $64.09. 1,818,274 shares of the company’s stock traded hands. Digital Realty Trust has a 52 week low of $43.04 and a 52 week high of $65.23. The stock has a 50-day moving average of $60.04 and a 200-day moving average of $55.50. The company has a market cap of $8.676 billion and a price-to-earnings ratio of 32.45.
Digital Realty Trust (NYSE:DLR) last released its earnings data on Tuesday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. The company had revenue of $401.50 million for the quarter, compared to the consensus estimate of $395.52 million. During the same quarter in the previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts expect that Digital Realty Trust will post $4.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend is Thursday, September 11th.
DLR has been the subject of a number of other recent research reports. Analysts at Cowen and Company raised their price target on shares of Digital Realty Trust from $44.00 to $49.00 in a research note on Thursday. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Digital Realty Trust in a research note on Wednesday. They now have a $72.00 price target on the stock, up previously from $68.00. Finally, analysts at ISI Group raised their price target on shares of Digital Realty Trust from $58.00 to $62.00 in a research note on Wednesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Digital Realty Trust presently has an average rating of “Hold” and a consensus target price of $60.94.
Digital Realty Trust, Inc is a real estate investment trust (NYSE:DLR).
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