Several analysts have recently updated their ratings and price targets for DIGITAL RLTY TR/SH (NYSE: DLR):

  • 8/13/2018 – DIGITAL RLTY TR/SH had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $131.00 price target on the stock.
  • 8/9/2018 – DIGITAL RLTY TR/SH was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Digital Realty have outperformed its industry in the past three months. Further, the trend in estimate revisions of 2018 funds from operations (FFO) per share indicates a favorable outlook for the company. The company’s second-quarter 2018 core FFO per share outpaced the Zacks Consensus Estimate. Operating revenues marked an impressive 33.4% year-over-year rise. Also, Digital Realty raised its 2018 core FFO per share outlook. Notably, solid fundamentals of the data-center market offer scope to the company to ride on the growth curve through accretive acquisitions and development efforts. The company also focuses on maintaining an investment grade balance sheet, enjoys ample liquidity and has a well-laddered debt maturity schedule. Nevertheless, aggressive pricing pressure is likely to continue in the upcoming period. Moreover, the company has a substantial debt burden and hence rate hike adds to its woes.”
  • 8/8/2018 – DIGITAL RLTY TR/SH was given a new $130.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 8/8/2018 – DIGITAL RLTY TR/SH was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $137.00 price target on the stock. According to Zacks, “Shares of Digital Realty have outperformed its industry in the past three months. Further, the trend in estimate revisions of 2018 funds from operations (FFO) per share indicates a favorable outlook for the company. The company’s second-quarter 2018 core FFO per share outpaced the Zacks Consensus Estimate. Operating revenues marked an impressive 33.4% year-over-year rise. Also, Digital Realty raised its 2018 core FFO per share outlook. Notably, solid fundamentals of the data-center market offer scope to the company to ride on the growth curve through accretive acquisitions and development efforts. The company also focuses on maintaining an investment grade balance sheet, enjoys ample liquidity and has a well-laddered debt maturity schedule. Nevertheless, aggressive pricing pressure is likely to continue in the upcoming period. Moreover, the company has a substantial debt burden and hence rate hike adds to its woes.”
  • 8/2/2018 – DIGITAL RLTY TR/SH had its price target raised by analysts at Barclays PLC from $139.00 to $141.00. They now have an “overweight” rating on the stock.
  • 8/1/2018 – DIGITAL RLTY TR/SH was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Digital Realty have outperformed its industry in the past three months. The company’s second-quarter 2018 core funds from operations (FFO) per share outpaced the Zacks Consensus Estimate. Operating revenues marked an impressive 33.4% year-over-year rise. Also, Digital Realty raised its 2018 core FFO per share outlook. Notably, solid fundamentals of the data-center market offer scope to the company to ride on the growth curve through accretive acquisitions and development efforts. The company also focuses on maintaining an investment grade balance sheet, enjoys ample liquidity and has a well-laddered debt maturity schedule. Nevertheless, Digital Realty 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.”
  • 7/31/2018 – DIGITAL RLTY TR/SH was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $136.00 price target on the stock. According to Zacks, “Digital Realty’s second-quarter 2018 core funds from operations (FFO) per share of $1.66 outpaced the Zacks Consensus Estimate of $1.61. Operating revenues marked an impressive 33.4% year-over-year rise. Also, Digital Realty raised its 2018 core FFO per share outlook. Notably, solid fundamentals of the data-center market offer scope to the company to ride on the growth curve through accretive acquisitions and development efforts. The company also focuses on maintaining an investment grade balance sheet, enjoys ample liquidity and has a well-laddered debt maturity schedule. Also, shares of Digital Realty have outperformed its industry in the past three months. Nevertheless, 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.”
  • 7/30/2018 – DIGITAL RLTY TR/SH had its price target raised by analysts at BMO Capital Markets from $120.00 to $124.00. They now have a “market perform” rating on the stock.
  • 7/30/2018 – DIGITAL RLTY TR/SH had its price target raised by analysts at Citigroup Inc from $119.00 to $131.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/27/2018 – DIGITAL RLTY TR/SH had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $120.00 price target on the stock.
  • 7/27/2018 – DIGITAL RLTY TR/SH had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $125.00 price target on the stock.
  • 7/27/2018 – DIGITAL RLTY TR/SH had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.
  • 7/27/2018 – DIGITAL RLTY TR/SH had its price target raised by analysts at Stifel Nicolaus from $128.00 to $130.00. They now have a “buy” rating on the stock.
  • 7/20/2018 – DIGITAL RLTY TR/SH had its “hold” rating reaffirmed by analysts at Guggenheim. They now have a $125.00 price target on the stock.
  • 7/18/2018 – DIGITAL RLTY TR/SH was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. 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.”
  • 7/17/2018 – DIGITAL RLTY TR/SH is now covered by analysts at BMO Capital Markets. They set a “market perform” rating and a $120.00 price target on the stock.
  • 7/17/2018 – DIGITAL RLTY TR/SH is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $128.00 price target on the stock.
  • 7/16/2018 – DIGITAL RLTY TR/SH was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $130.00 price target on the stock. 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.”

NYSE DLR traded up $1.66 during trading hours on Friday, reaching $124.03. 874,200 shares of the company’s stock traded hands, compared to its average volume of 1,289,170. DIGITAL RLTY TR/SH has a 52-week low of $96.56 and a 52-week high of $127.23. The stock has a market cap of $24.93 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 2.66 and a beta of 0.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.30 and a quick ratio of 0.30.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($1.29). DIGITAL RLTY TR/SH had a net margin of 9.79% and a return on equity of 3.02%. The business had revenue of $754.91 million for the quarter, compared to analysts’ expectations of $759.30 million. During the same period last year, the business earned $1.54 earnings per share. The company’s revenue was up 33.4% on a year-over-year basis. research analysts expect that DIGITAL RLTY TR/SH will post 6.6 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $4.04 dividend on an annualized basis and a yield of 3.26%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is currently 65.80%.

In related news, insider Edward F. Sham sold 10,435 shares of DIGITAL RLTY TR/SH stock in a transaction dated Friday, July 6th. The shares were sold at an average price of $115.00, for a total transaction of $1,200,025.00. Following the completion of the transaction, the insider now directly owns 6,207 shares of the company’s stock, valued at approximately $713,805. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Joshua A. Mills sold 5,000 shares of DIGITAL RLTY TR/SH stock in a transaction dated Tuesday, June 26th. The shares were sold at an average price of $110.00, for a total transaction of $550,000.00. Following the transaction, the senior vice president now directly owns 9,166 shares of the company’s stock, valued at $1,008,260. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,435 shares of company stock valued at $2,318,775. 0.43% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in DIGITAL RLTY TR/SH by 0.5% during the 1st quarter. BlackRock Inc. now owns 20,281,036 shares of the real estate investment trust’s stock valued at $2,137,215,000 after acquiring an additional 98,571 shares during the period. JPMorgan Chase & Co. increased its stake in DIGITAL RLTY TR/SH by 16.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,610,251 shares of the real estate investment trust’s stock valued at $380,450,000 after purchasing an additional 505,980 shares in the last quarter. Northern Trust Corp increased its stake in DIGITAL RLTY TR/SH by 0.5% during the 1st quarter. Northern Trust Corp now owns 3,543,111 shares of the real estate investment trust’s stock valued at $373,374,000 after purchasing an additional 18,919 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in DIGITAL RLTY TR/SH by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,079,864 shares of the real estate investment trust’s stock valued at $343,645,000 after purchasing an additional 40,481 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in DIGITAL RLTY TR/SH by 4.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,150,524 shares of the real estate investment trust’s stock valued at $239,956,000 after purchasing an additional 96,180 shares in the last quarter. 98.35% of the stock is owned by institutional investors.

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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