Digital Realty Trust (NYSE:DLR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “Digital Realty has recently disclosed that it expects to produce high-single-digit growth in core funds from operations (FFO) per share in 2018. However, shares of the company have underperformed the industry it belongs to, in the past three months. Moreover, the stock has seen the Zacks Consensus Estimate for fourth-quarter 2017 as well as full-year 2018 FFO per share being revised downward in a month’s time. Digital Realty’s earnings have a notable exposure to foreign currency translation and face cut-throat competition in the industry. Also, the company has a substantial debt burden. Further, rate hike add to its woes. Nevertheless, solid demand for data centers as well as accretive acquisitions and development efforts have the capability to drive long-term growth.”

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Wednesday, January 10th. ValuEngine cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Robert W. Baird reaffirmed a “neutral” rating and set a $121.00 price target (up previously from $119.00) on shares of Digital Realty Trust in a report on Tuesday, October 10th. Royal Bank of Canada lifted their price target on Digital Realty Trust from $127.00 to $133.00 and gave the company an “outperform” rating in a report on Wednesday, October 4th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $140.00 price target on shares of Digital Realty Trust in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $125.21.

Shares of Digital Realty Trust (NYSE DLR) traded down $2.16 during midday trading on Monday, reaching $105.78. 1,907,800 shares of the company’s stock were exchanged, compared to its average volume of 1,364,133. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.85. Digital Realty Trust has a 1 year low of $101.70 and a 1 year high of $127.23. The company has a market capitalization of $21,730.00, a PE ratio of 86.00, a P/E/G ratio of 2.15 and a beta of -0.09.

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

A number of institutional investors have recently bought and sold shares of the business. Amica Retiree Medical Trust purchased a new position in Digital Realty Trust during the 3rd quarter worth approximately $102,000. Grove Bank & Trust grew its position in Digital Realty Trust by 1,284.6% during the 3rd quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 835 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew 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 purchasing an additional 328 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in Digital Realty Trust by 4,984.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 947 shares in the last quarter. Finally, Sun Life Financial INC grew 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 purchasing an additional 1,156 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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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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