Stifel Nicolaus Reaffirms Hold Rating for Digital Realty Trust, Inc. (DLR)
Digital Realty Trust, Inc. (NYSE:DLR)‘s stock had its “hold” rating reaffirmed by equities researchers at Stifel Nicolaus in a report issued on Friday. They currently have a $117.00 target price on the real estate investment trust’s stock. Stifel Nicolaus’ target price points to a potential upside of 4.04% from the company’s current price.
Other equities analysts have also issued research reports about the company. Wells Fargo & Company reiterated a “market perform” rating on shares of Digital Realty Trust in a research note on Monday, June 12th. Macquarie reiterated a “neutral” rating and issued a $105.00 price target on shares of Digital Realty Trust in a research note on Thursday, April 6th. Royal Bank Of Canada reiterated a “buy” rating on shares of Digital Realty Trust in a research note on Monday, May 1st. Cowen and Company upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $106.00 to $126.00 in a research note on Monday, June 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $120.00 price target on shares of Digital Realty Trust in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Digital Realty Trust presently has an average rating of “Buy” and an average price target of $117.57.
Shares of Digital Realty Trust (DLR) traded up 0.31% during mid-day trading on Friday, hitting $112.46. The stock had a trading volume of 608,779 shares. The firm has a market cap of $17.97 billion, a PE ratio of 48.43 and a beta of -0.03. The stock has a 50 day moving average price of $115.09 and a 200 day moving average price of $110.02. Digital Realty Trust has a 52 week low of $85.63 and a 52 week high of $121.53.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.03. Digital Realty Trust had a return on equity of 12.14% and a net margin of 20.48%. The company had revenue of $550.60 million for the quarter, compared to analyst estimates of $552.59 million. During the same quarter last year, the company posted $1.42 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities research analysts expect that Digital Realty Trust will post $1.60 EPS for the current fiscal year.
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In other Digital Realty Trust news, SVP Joshua A. Mills sold 9,211 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $120.00, for a total value of $1,105,320.00. Following the sale, the senior vice president now owns 13,377 shares in the company, valued at approximately $1,605,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DLR. Prospera Financial Services Inc boosted its position in Digital Realty Trust by 37.9% in the first quarter. Prospera Financial Services Inc now owns 16,163 shares of the real estate investment trust’s stock valued at $1,721,000 after buying an additional 4,439 shares during the period. Sheets Smith Wealth Management boosted its position in Digital Realty Trust by 0.8% in the first quarter. Sheets Smith Wealth Management now owns 4,912 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 39 shares during the period. Schneider Downs Wealth Management Advisors LP purchased a new position in Digital Realty Trust during the first quarter valued at approximately $213,000. Private Trust Co. NA boosted its position in Digital Realty Trust by 1.3% in the first quarter. Private Trust Co. NA now owns 10,076 shares of the real estate investment trust’s stock valued at $1,072,000 after buying an additional 127 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its position in Digital Realty Trust by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 137,297 shares of the real estate investment trust’s stock valued at $14,607,000 after buying an additional 4,486 shares during the period.
Digital Realty Trust Company Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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