Digital Realty Trust (NYSE:DLR)‘s stock had its “hold” rating restated by analysts at Credit Suisse Group in a research note issued to investors on Tuesday. They currently have a $95.00 price target on the real estate investment trust’s stock. Credit Suisse Group’s target price would suggest a potential downside of 13.12% from the stock’s current price.
The analysts wrote, “We identified cloud on-ramps as a key enabler for this trend and the sector in our 2018 Outlook, “The Cloud Has Four Walls.” ORCL Cloud On-Ramp News Supportive of DLR 2018 Strategy, But Not Transformative: Digital Realty is the second largest multi-tenant data center operator, after EQIX, hosting various types of cloud customers, but remains in the process of transitioning its business as it further monetizes recent joint venture partnerships and integrates major acquisitions.””
Other equities research analysts have also recently issued reports about the company. Deutsche Bank upgraded 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 Wednesday, January 10th. ValuEngine cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Zacks Investment Research cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Robert W. Baird reiterated a “neutral” rating and set a $121.00 price target (up from $119.00) on shares of Digital Realty Trust in a research report on Tuesday, October 10th. Finally, Royal Bank of Canada upped their price target on Digital Realty Trust from $127.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.40.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The business had revenue of $609.90 million for the quarter, compared to analysts’ expectations of $595.49 million. During the same period in the previous year, the business posted $1.44 EPS. The firm’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 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Digital Realty Trust by 2,651.9% in the first quarter. BlackRock Inc. now owns 15,147,324 shares of the real estate investment trust’s stock worth $1,611,523,000 after buying an additional 14,596,894 shares in the last quarter. Cohen & Steers Inc. boosted its stake in Digital Realty Trust by 100.4% in the third quarter. Cohen & Steers Inc. now owns 13,229,368 shares of the real estate investment trust’s stock worth $1,565,431,000 after buying an additional 6,626,871 shares in the last quarter. Vanguard Group Inc. boosted its stake in Digital Realty Trust by 16.9% in the second quarter. Vanguard Group Inc. now owns 25,877,906 shares of the real estate investment trust’s stock worth $2,820,434,000 after buying an additional 3,744,997 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Digital Realty Trust by 41.5% in the third quarter. Daiwa Securities Group Inc. now owns 6,474,187 shares of the real estate investment trust’s stock worth $766,091,000 after buying an additional 1,897,642 shares in the last quarter. Finally, AEW Capital Management L P boosted its stake in Digital Realty Trust by 295.4% in the third quarter. AEW Capital Management L P now owns 1,580,668 shares of the real estate investment trust’s stock worth $187,040,000 after buying an additional 1,180,868 shares in the last quarter. Institutional investors own 98.31% 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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