Digital Realty Trust Price Target Increased to $49.00 by Analysts at Cowen and Company (DLR)
Cowen and Company upped their price target on shares of Digital Realty Trust (NYSE:DLR) from $44.00 to $49.00 in a research note issued on Thursday. Cowen and Company’s price target would suggest a potential downside of 23.55% from the stock’s previous close.
Shares of Digital Realty Trust (NYSE:DLR) traded down 0.47% on Thursday, hitting $64.09. The stock had a trading volume of 1,818,274 shares. Digital Realty Trust has a one year low of $43.04 and a one year 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 P/E ratio of 32.45.
Digital Realty Trust (NYSE:DLR) last announced its earnings results on Tuesday, July 29th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts predict that Digital Realty Trust will post $4.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors 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 is Thursday, September 11th.
A number of other firms have also recently commented on DLR. 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. Separately, 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. Finally, analysts at Canaccord Genuity raised their price target on shares of Digital Realty Trust from $60.00 to $62.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Two equities research 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. Digital Realty Trust presently has an average rating of “Hold” and a consensus price target of $60.94.
Digital Realty Trust, Inc is a real estate investment trust (NYSE:DLR).
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