Digital Realty Trust, Inc. (NYSE:DLR)‘s stock had its “hold” rating reissued by Jefferies Group LLC in a report issued on Friday. They currently have a $119.00 price objective on the real estate investment trust’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 1.20% from the stock’s previous close.

A number of other research firms have also recently weighed in on DLR. Stifel Nicolaus restated a “hold” rating and issued a $117.00 price target on shares of Digital Realty Trust in a research note on Thursday. Barclays PLC restated a “buy” rating and issued a $132.00 price target on shares of Digital Realty Trust in a research note on Friday, September 8th. BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Cowen and Company reiterated a “buy” rating and set a $126.00 price objective on shares of Digital Realty Trust in a research report on Friday, August 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $127.00 price objective on shares of Digital Realty Trust in a research report on Thursday, June 8th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $120.00.

Shares of Digital Realty Trust (DLR) traded down 2.76% during midday trading on Friday, hitting $117.59. 9,754,053 shares of the stock traded hands. Digital Realty Trust has a 12-month low of $85.63 and a 12-month high of $127.23. The company has a market capitalization of $19.07 billion, a PE ratio of 47.76 and a beta of -0.01. The firm’s 50 day moving average price is $117.36 and its 200 day moving average price is $113.24.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $565.99 million for the quarter, compared to analysts’ expectations of $559.93 million. During the same quarter in the prior year, the business earned $1.42 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts expect that Digital Realty Trust will post $1.55 EPS for the current year.

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In other news, insider Christopher Sharp sold 25,733 shares of the stock in a transaction 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 sale, the insider now directly owns 25,733 shares of the company’s stock, valued at approximately $2,996,350.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William G. Laperch bought 1,200 shares of Digital Realty Trust stock in a transaction dated 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 acquisition, the director now owns 1,200 shares in the company, valued at approximately $30,000. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Chicago Equity Partners LLC grew its holdings in shares of Digital Realty Trust by 3.5% during the 3rd quarter. Chicago Equity Partners LLC now owns 265,025 shares of the real estate investment trust’s stock worth $25,739,000 after purchasing an additional 8,840 shares in the last quarter. Suntrust Banks Inc. grew its holdings in shares of Digital Realty Trust by 21.7% during the 3rd quarter. Suntrust Banks Inc. now owns 205,927 shares of the real estate investment trust’s stock worth $19,998,000 after purchasing an additional 36,665 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of Digital Realty Trust by 5.8% during the 2nd quarter. Gateway Investment Advisers LLC now owns 186,031 shares of the real estate investment trust’s stock worth $20,276,000 after purchasing an additional 10,160 shares in the last quarter. Azimuth Capital Management LLC grew its holdings in shares of Digital Realty Trust by 9.2% during the 4th quarter. Azimuth Capital Management LLC now owns 29,505 shares of the real estate investment trust’s stock worth $2,231,000 after purchasing an additional 2,480 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Digital Realty Trust by 7.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,569,263 shares of the real estate investment trust’s stock worth $403,148,000 after purchasing an additional 243,995 shares in the last quarter.

About Digital Realty Trust

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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