Digital Realty Trust, Inc. (NYSE:DLR) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

DLR has been the topic of several other research reports. BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Macquarie restated a “neutral” rating and issued a $105.00 target price on shares of Digital Realty Trust in a research note on Tuesday, July 4th. Stifel Nicolaus restated a “hold” rating and issued a $117.00 target price on shares of Digital Realty Trust in a research note on Friday, July 21st. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Monday, July 17th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $120.00 target price on shares of Digital Realty Trust in a research note on Friday, July 14th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $119.38.

Digital Realty Trust (DLR) traded down 0.53% during mid-day trading on Friday, reaching $117.71. 702,306 shares of the company’s stock were exchanged. The stock has a market cap of $19.09 billion, a P/E ratio of 47.81 and a beta of -0.01. Digital Realty Trust has a 52 week low of $85.63 and a 52 week high of $121.53. The stock has a 50-day moving average price of $115.11 and a 200-day moving average price of $112.20.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The firm had revenue of $565.99 million for the quarter, compared to analysts’ expectations of $559.93 million. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.42 EPS. On average, analysts forecast that Digital Realty Trust will post $1.57 earnings per share for the current year.

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In related news, insider Christopher Sharp sold 25,733 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the transaction, the insider now directly owns 25,733 shares of the company’s stock, valued at approximately $2,996,350.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joshua A. Mills sold 9,211 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $120.00, for a total value of $1,105,320.00. Following the transaction, the senior vice president now directly owns 13,377 shares in the company, valued at $1,605,240. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of DLR. Parallel Advisors LLC increased its holdings in shares of Digital Realty Trust by 18.0% during the 2nd quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 148 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 acquiring an additional 328 shares during the last quarter. Sun Life Financial INC increased its holdings in shares of 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 acquiring an additional 1,156 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $134,000. Finally, Muzinich & Co. Inc. increased its holdings in shares of Digital Realty Trust by 37.1% during the 1st quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 383 shares during the last quarter.

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.

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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