DIGITAL Rlty Tr/SH SH (NYSE:DLR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Shares of Digital Realty have outperformed the industry it belongs to, in the past three months. The company is well poised to benefit from the robust demand for data centers through its accretive acquisitions and development efforts. In fact, in June the company opened its third data center in Toronto. The move expanded the company’s presence in the fourth largest city in North America which is also the financial and business capital of Canada. In addition to having a solid operating platform, the company focuses on maintaining an investment grade balance sheet. It enjoys ample and growing liquidity, with diversified sources of capital and has a well-laddered debt maturity schedule. However, the company faces intense competition in the industry. Amid this, aggressive pricing pressure is likely to continue in the upcoming period. Further, the company has a substantial debt burden and hence rate hike adds to its woes.”

DLR has been the topic of a number of other research reports. Credit Suisse Group boosted their price target on DIGITAL Rlty Tr/SH SH from $95.00 to $101.00 and gave the stock a “hold” rating in a research report on Friday, April 27th. Moffett Nathanson started coverage on DIGITAL Rlty Tr/SH SH in a research report on Monday, April 9th. They set a “hold” rating and a $115.00 price target on the stock. Barclays boosted their price target on DIGITAL Rlty Tr/SH SH from $133.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, May 3rd. BMO Capital Markets started coverage on DIGITAL Rlty Tr/SH SH in a research report on Tuesday. They set a “market perform” rating and a $120.00 price target on the stock. Finally, Stifel Nicolaus started coverage on DIGITAL Rlty Tr/SH SH in a research report on Tuesday. They set a “buy” rating and a $128.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $123.59.

Shares of NYSE DLR opened at $116.68 on Wednesday. The company has a market cap of $23.88 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 2.57 and a beta of 0.01. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.33 and a current ratio of 0.33. DIGITAL Rlty Tr/SH SH has a twelve month low of $96.56 and a twelve month high of $127.23.

DIGITAL Rlty Tr/SH SH (NYSE:DLR) last announced its quarterly earnings results on Thursday, April 26th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $744.40 million for the quarter, compared to the consensus estimate of $742.93 million. DIGITAL Rlty Tr/SH SH had a return on equity of 3.63% and a net margin of 10.23%. The business’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 earnings per share. analysts anticipate that DIGITAL Rlty Tr/SH SH will post 6.55 earnings per share for the current fiscal year.

In other news, insider Edward F. Sham sold 10,435 shares of the company’s stock in a transaction that occurred on Friday, July 6th. The stock was sold at an average price of $115.00, for a total value of $1,200,025.00. Following the transaction, the insider now owns 6,207 shares of the company’s stock, valued at $713,805. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joshua A. Mills sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the transaction, the senior vice president now directly owns 9,166 shares in the company, valued at approximately $1,008,260. The disclosure for this sale can be found here. Insiders sold 20,435 shares of company stock worth $2,318,775 in the last ninety days. 0.43% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of DIGITAL Rlty Tr/SH SH by 0.5% in the first quarter. BlackRock Inc. now owns 20,281,036 shares of the real estate investment trust’s stock valued at $2,137,215,000 after purchasing an additional 98,571 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of DIGITAL Rlty Tr/SH SH by 16.3% in the first quarter. JPMorgan Chase & Co. now owns 3,610,251 shares of the real estate investment trust’s stock valued at $380,450,000 after buying an additional 505,980 shares during the period. Northern Trust Corp boosted its stake in shares of DIGITAL Rlty Tr/SH SH by 0.5% in the first quarter. Northern Trust Corp now owns 3,543,111 shares of the real estate investment trust’s stock valued at $373,374,000 after buying an additional 18,919 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of DIGITAL Rlty Tr/SH SH by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,039,383 shares of the real estate investment trust’s stock valued at $320,288,000 after buying an additional 91,491 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of DIGITAL Rlty Tr/SH SH by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,054,344 shares of the real estate investment trust’s stock valued at $216,487,000 after buying an additional 117,061 shares during the period. 98.67% of the stock is currently owned by institutional investors.

About DIGITAL Rlty Tr/SH 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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