DIGITAL RLTY TR/SH (NYSE:DLR) was downgraded by research analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, The Fly reports.
Several other equities analysts also recently weighed in on the stock. Raymond James upgraded shares of DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and set a $116.00 target price for the company in a research note on Thursday, June 6th. Cowen set a $125.00 price target on shares of DIGITAL RLTY TR/SH and gave the company a “hold” rating in a research note on Wednesday, July 31st. Argus assumed coverage on shares of DIGITAL RLTY TR/SH in a report on Wednesday, July 3rd. They issued a “buy” rating and a $140.00 price objective for the company. Royal Bank of Canada set a $130.00 price objective on shares of DIGITAL RLTY TR/SH and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Barclays reiterated an “overweight” rating and issued a $147.00 price objective on shares of DIGITAL RLTY TR/SH in a research note on Friday, August 30th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $127.23.
Shares of DLR opened at $127.65 on Wednesday. DIGITAL RLTY TR/SH has a 1 year low of $100.05 and a 1 year high of $128.71. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.36 and a quick ratio of 0.36. The stock’s fifty day moving average price is $120.57 and its two-hundred day moving average price is $119.03. The firm has a market cap of $26.69 billion, a PE ratio of 19.34, a PEG ratio of 2.78 and a beta of 0.41.
DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.48). DIGITAL RLTY TR/SH had a return on equity of 3.01% and a net margin of 10.00%. The firm had revenue of $801.00 million for the quarter, compared to the consensus estimate of $807.48 million. During the same quarter in the previous year, the company posted $1.66 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that DIGITAL RLTY TR/SH will post 6.64 earnings per share for the current fiscal year.
In other news, insider Edward F. Sham sold 11,400 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $122.00, for a total transaction of $1,390,800.00. Following the completion of the transaction, the insider now owns 15,738 shares of the company’s stock, valued at $1,920,036. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Kennedy sold 300 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $125.00, for a total value of $37,500.00. Following the transaction, the director now directly owns 300 shares of the company’s stock, valued at approximately $37,500. The disclosure for this sale can be found here. Insiders sold a total of 12,400 shares of company stock worth $1,513,104 over the last quarter. Corporate insiders own 0.49% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in DIGITAL RLTY TR/SH by 2,651.9% during the first quarter. BlackRock Inc. now owns 15,147,324 shares of the real estate investment trust’s stock valued at $1,611,523,000 after purchasing an additional 14,596,894 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in shares of DIGITAL RLTY TR/SH by 100.4% during the 3rd quarter. Cohen & Steers Inc. now owns 13,229,368 shares of the real estate investment trust’s stock worth $1,565,431,000 after acquiring an additional 6,626,871 shares during the last quarter. Capital World Investors lifted its holdings in shares of DIGITAL RLTY TR/SH by 41.6% during the 3rd quarter. Capital World Investors now owns 15,314,435 shares of the real estate investment trust’s stock worth $1,722,568,000 after acquiring an additional 4,497,951 shares during the last quarter. Vanguard Group Inc. grew its position in DIGITAL RLTY TR/SH 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 acquiring an additional 3,744,997 shares in the last quarter. Finally, Parnassus Investments CA purchased a new position in DIGITAL RLTY TR/SH in the fourth quarter worth $327,400,000.
About DIGITAL RLTY TR/SH
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
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