Todays Report: Today, Brokerages Set Digital Realty Trust Inc. (DLR) Price Target at $106.50

Today, Brokerages Set Digital Realty Trust Inc. (DLR) Price Target at $106.50

Digital Realty Trust Inc. (NYSE:DLR) has earned an average rating of “Buy” from the eighteen analysts that are currently covering the company. Six analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $106.50.

A number of research firms have commented on DLR. TheStreet upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th. Jefferies Group restated a “hold” rating on shares of Digital Realty Trust in a research note on Tuesday, August 23rd. Deutsche Bank AG restated a “buy” rating on shares of Digital Realty Trust in a research note on Friday, October 28th. Royal Bank Of Canada upped their price target on Digital Realty Trust from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. Finally, Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Thursday, October 20th.

In other Digital Realty Trust news, SVP Joshua A. Mills sold 4,519 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $92.22, for a total transaction of $416,742.18. Following the transaction, the senior vice president now owns 8,685 shares of the company’s stock, valued at $800,930.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward F. Sham sold 14,701 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $92.50, for a total value of $1,359,842.50. Following the transaction, the insider now directly owns 19,039 shares in the company, valued at approximately $1,761,107.50. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Capital Analysts LLC raised its position in Digital Realty Trust by 617.2% in the second quarter. Capital Analysts LLC now owns 6,383 shares of the real estate investment trust’s stock worth $815,000 after buying an additional 5,493 shares in the last quarter. Capstone Asset Management Co. raised its position in Digital Realty Trust by 287.0% in the second quarter. Capstone Asset Management Co. now owns 14,631 shares of the real estate investment trust’s stock worth $1,595,000 after buying an additional 10,850 shares in the last quarter. NN Investment Partners Holdings N.V. raised its position in Digital Realty Trust by 84.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 731,815 shares of the real estate investment trust’s stock worth $79,760,000 after buying an additional 335,700 shares in the last quarter. Creative Planning raised its position in Digital Realty Trust by 175.4% in the second quarter. Creative Planning now owns 16,138 shares of the real estate investment trust’s stock worth $1,759,000 after buying an additional 10,278 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its position in Digital Realty Trust by 5.8% in the second quarter. Gateway Investment Advisers LLC now owns 186,031 shares of the real estate investment trust’s stock worth $20,276,000 after buying an additional 10,160 shares in the last quarter.

Digital Realty Trust (NYSE:DLR) opened at 90.95 on Wednesday. The stock has a market capitalization of $14.46 billion, a P/E ratio of 62.68 and a beta of 0.14. Digital Realty Trust has a 52 week low of $69.00 and a 52 week high of $113.21. The company’s 50-day moving average price is $92.19 and its 200 day moving average price is $98.40.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting the consensus estimate of $1.44. The company earned $546.30 million during the quarter, compared to analyst estimates of $538.82 million. Digital Realty Trust had a return on equity of 9.81% and a net margin of 15.25%. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.28 earnings per share. Equities research analysts expect that Digital Realty Trust will post $5.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, December 13th. Digital Realty Trust’s payout ratio is 246.15%.

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