Digital Realty Trust, Inc. (NYSE:DLR)‘s stock had its “hold” rating restated by Stifel Nicolaus in a note issued to investors on Thursday. They currently have a $117.00 price target on the real estate investment trust’s stock. Stifel Nicolaus’ price objective would suggest a potential downside of 3.25% from the stock’s current price.

Several other equities research analysts also recently commented on DLR. Canaccord Genuity reaffirmed a “buy” rating and set a $127.00 price objective on shares of Digital Realty Trust in a report on Friday, August 18th. Zacks Investment Research downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $127.00 price objective on shares of Digital Realty Trust in a report on Thursday, June 8th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $132.00 price objective on shares of Digital Realty Trust in a report on Friday, September 8th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Digital Realty Trust currently has an average rating of “Buy” and an average price target of $120.08.

Digital Realty Trust (NYSE:DLR) traded up 0.27% during trading on Thursday, reaching $120.93. 2,475,003 shares of the company were exchanged. Digital Realty Trust has a one year low of $85.63 and a one year high of $127.23. The stock has a market capitalization of $19.61 billion, a price-to-earnings ratio of 49.12 and a beta of -0.01. The firm’s 50 day moving average price is $117.26 and its 200-day moving average price is $113.17.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The business had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. Digital Realty Trust had a net margin of 14.06% and a return on equity of 5.67%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.42 earnings per share. On average, equities research analysts predict that Digital Realty Trust will post $1.55 earnings per share for the current year.

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In related news, Director William G. Laperch acquired 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the director now owns 1,200 shares in the company, valued at $30,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the transaction, the insider now owns 25,733 shares in the company, valued at $2,996,350.52. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. National Planning Corp increased its position in shares of Digital Realty Trust by 0.5% in the second quarter. National Planning Corp now owns 2,429 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 12 shares during the last quarter. Blue Chip Partners Inc. increased its position in shares of Digital Realty Trust by 0.8% in the second quarter. Blue Chip Partners Inc. now owns 1,842 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 15 shares during the last quarter. Shoker Investment Counsel Inc. increased its position in shares of Digital Realty Trust by 0.8% in the second quarter. Shoker Investment Counsel Inc. now owns 2,034 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 17 shares during the last quarter. Carret Asset Management LLC increased its position in shares of Digital Realty Trust by 1.0% in the second quarter. Carret Asset Management LLC now owns 3,236 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 31 shares during the last quarter. Finally, Motco increased its position in shares of Digital Realty Trust by 0.9% in the second quarter. Motco now owns 3,431 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 32 shares during the last quarter.

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.

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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