Digital Realty Trust (DLR) Upgraded at Wells Fargo & Company

Digital Realty Trust (NYSE:DLR) was upgraded by investment analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, The Fly reports.

Several other analysts have also issued reports on the stock. ValuEngine raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $117.00 price target on shares of Digital Realty Trust in a research report on Thursday, September 14th. SunTrust Banks reaffirmed a “buy” rating and set a $140.00 price target on shares of Digital Realty Trust in a research report on Friday, November 17th. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Monday, October 30th. Finally, Deutsche Bank upped their price target on shares of Digital Realty Trust from $111.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Digital Realty Trust currently has an average rating of “Hold” and an average price target of $125.07.

Shares of Digital Realty Trust (NYSE:DLR) opened at $109.31 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.85. Digital Realty Trust has a 1 year low of $94.62 and a 1 year high of $127.23. The stock has a market cap of $22,460.00, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 2.77 and a beta of -0.10.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The firm had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. During the same period in the prior year, the firm posted $1.44 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. equities analysts anticipate that Digital Realty Trust will post 6.1 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in DLR. Amica Retiree Medical Trust acquired a new position in shares of Digital Realty Trust in the third quarter valued at $102,000. Grove Bank & Trust increased its holdings in shares of Digital Realty Trust by 1,284.6% in the third quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 835 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Digital Realty Trust by 50.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 328 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Digital Realty Trust by 18.0% in the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 148 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of Digital Realty Trust by 4,984.2% in the third quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 947 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)



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