Digital Realty Trust (NYSE:DLR) was upgraded by UBS Group from a “market perform” rating to an “outperform” rating in a report issued on Monday, The Fly reports.
A number of other research firms have also weighed in on DLR. SunTrust Banks reissued a “buy” rating and issued a $140.00 price objective on shares of Digital Realty Trust in a research report on Friday, November 17th. ValuEngine raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Deutsche Bank raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Wednesday, January 10th. Credit Suisse Group reissued a “hold” rating and issued a $95.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, January 23rd. Finally, Wells Fargo & Co raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $109.31 to $120.00 in a research report on Friday, December 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $122.25.
Shares of Digital Realty Trust (NYSE DLR) traded up $1.21 during midday trading on Monday, hitting $104.35. 1,670,000 shares of the stock traded hands, compared to its average volume of 1,760,000. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.25 and a quick ratio of 0.25. Digital Realty Trust has a 52-week low of $96.56 and a 52-week high of $127.23. The stock has a market cap of $21,470.00, a PE ratio of 104.35, a price-to-earnings-growth ratio of 2.32 and a beta of 0.01.
In other Digital Realty Trust news, SVP Christopher Kenney sold 10,000 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $103.47, for a total value of $1,034,700.00. Following the transaction, the senior vice president now directly owns 10,000 shares in the company, valued at approximately $1,034,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Confluence Investment Management LLC grew its stake in Digital Realty Trust by 1.7% in the 4th quarter. Confluence Investment Management LLC now owns 417,129 shares of the real estate investment trust’s stock worth $47,511,000 after acquiring an additional 7,088 shares in the last quarter. Shelton Capital Management bought a new position in shares of Digital Realty Trust during the third quarter valued at approximately $307,000. Toronto Dominion Bank boosted its stake in shares of Digital Realty Trust by 14.0% during the fourth quarter. Toronto Dominion Bank now owns 88,475 shares of the real estate investment trust’s stock valued at $10,078,000 after purchasing an additional 10,841 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Digital Realty Trust by 36.0% during the third quarter. California Public Employees Retirement System now owns 454,005 shares of the real estate investment trust’s stock valued at $53,722,000 after purchasing an additional 120,105 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Digital Realty Trust by 8.5% during the third quarter. Prudential Financial Inc. now owns 565,567 shares of the real estate investment trust’s stock valued at $66,924,000 after purchasing an additional 44,232 shares in the last quarter. Institutional investors and hedge funds own 99.99% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Digital Realty Trust (DLR) Raised to “Outperform” at UBS Group” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/03/12/digital-realty-trust-dlr-raised-to-outperform-at-ubs-group.html.
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.
Receive News & Ratings for Digital Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.