DIGITAL RLTY TR/SH (NYSE:DLR) was upgraded by equities research analysts at KeyCorp to a “buy” rating in a research note issued on Friday, TipRanks reports. KeyCorp also issued estimates for DIGITAL RLTY TR/SH’s FY2020 earnings at $6.18 EPS and FY2021 earnings at $6.54 EPS.
Several other brokerages have also issued reports on DLR. Barclays began coverage on shares of DIGITAL RLTY TR/SH in a research note on Wednesday, July 15th. They set an “overweight” rating and a $165.00 price target for the company. Argus raised their target price on DIGITAL RLTY TR/SH from $130.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, April 3rd. Citigroup cut DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research report on Monday, May 11th. Credit Suisse Group lifted their price objective on DIGITAL RLTY TR/SH from $164.00 to $173.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Raymond James raised shares of DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and set a $175.00 price objective on the stock in a report on Friday. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $151.13.
DLR stock opened at $160.54 on Friday. DIGITAL RLTY TR/SH has a 1-year low of $105.00 and a 1-year high of $165.49. The stock has a market cap of $43.07 billion, a P/E ratio of 25.24, a P/E/G ratio of 3.91 and a beta of 0.19. The stock’s fifty day simple moving average is $144.39 and its two-hundred day simple moving average is $137.01. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($1.28). DIGITAL RLTY TR/SH had a return on equity of 7.45% and a net margin of 20.57%. The company had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $931.10 million. As a group, analysts forecast that DIGITAL RLTY TR/SH will post 6.05 earnings per share for the current fiscal year.
In related news, insider Cindy Fiedelman sold 1,024 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $140.02, for a total transaction of $143,380.48. Following the completion of the transaction, the insider now directly owns 1,024 shares in the company, valued at $143,380.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Joshua A. Mills sold 1,446 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $140.00, for a total value of $202,440.00. Following the completion of the transaction, the executive vice president now owns 5,612 shares in the company, valued at $785,680. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,249 shares of company stock valued at $13,113,723. Insiders own 0.61% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. National Asset Management Inc. bought a new position in shares of DIGITAL RLTY TR/SH in the second quarter worth approximately $360,000. Comerica Bank grew its stake in DIGITAL RLTY TR/SH by 4.4% in the 2nd quarter. Comerica Bank now owns 72,663 shares of the real estate investment trust’s stock worth $10,527,000 after buying an additional 3,032 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA purchased a new position in DIGITAL RLTY TR/SH in the 2nd quarter worth approximately $220,000. Hotaling Investment Management LLC increased its holdings in shares of DIGITAL RLTY TR/SH by 1.6% in the 2nd quarter. Hotaling Investment Management LLC now owns 10,280 shares of the real estate investment trust’s stock worth $1,461,000 after buying an additional 165 shares during the last quarter. Finally, Orinda Asset Management LLC purchased a new stake in shares of DIGITAL RLTY TR/SH during the 2nd quarter valued at $1,421,000.
DIGITAL RLTY TR/SH Company Profile
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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