Digital Realty Trust’s (DLR) “Buy” Rating Reiterated at Barclays PLC
Digital Realty Trust, Inc. (NYSE:DLR)‘s stock had its “buy” rating restated by Barclays PLC in a note issued to investors on Friday. They presently have a $132.00 price target on the real estate investment trust’s stock. Barclays PLC’s target price would indicate a potential upside of 9.43% from the stock’s current price.
A number of other research analysts also recently commented on DLR. Wells Fargo & Company reiterated a “market perform” rating on shares of Digital Realty Trust in a report on Monday, June 12th. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. KeyCorp reiterated a “buy” rating and issued a $130.00 price objective on shares of Digital Realty Trust in a report on Friday, August 25th. Cowen and Company reiterated a “buy” rating and issued a $126.00 price objective on shares of Digital Realty Trust in a report on Friday, August 25th. Finally, BidaskClub upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Digital Realty Trust presently has a consensus rating of “Buy” and an average target price of $120.08.
Shares of Digital Realty Trust (NYSE DLR) traded down 0.66% during midday trading on Friday, reaching $120.63. The company’s stock had a trading volume of 960,176 shares. The stock’s 50-day moving average price is $116.07 and its 200-day moving average price is $112.66. The company has a market cap of $19.57 billion, a P/E ratio of 49.00 and a beta of -0.01. Digital Realty Trust has a 12-month low of $85.63 and a 12-month high of $122.13.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The company had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. During the same quarter in the prior year, the business earned $1.42 EPS. Digital Realty Trust’s revenue was up 9.9% on a year-over-year basis. On average, analysts expect that Digital Realty Trust will post $1.57 EPS for the current fiscal year.
In other news, Director William G. Laperch bought 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $25.00 per share, with a total value of $30,000.00. Following the transaction, the director now directly owns 1,200 shares in the company, valued at $30,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total value of $2,996,350.52. Following the completion of the sale, the insider now directly owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DLR. Parallel Advisors LLC lifted its position in Digital Realty Trust by 18.0% during the 2nd quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 148 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Digital Realty Trust by 50.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 328 shares during the period. Sun Life Financial INC lifted its position in Digital Realty Trust by 12,844.4% during the 2nd quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 1,156 shares during the period. Almanack Investment Partners LLC. acquired a new stake in Digital Realty Trust during the 2nd quarter worth approximately $134,000. Finally, Muzinich & Co. Inc. lifted its position in Digital Realty Trust by 37.1% during the 1st quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 383 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.
Receive News & Ratings for Digital Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.