Today The Q4 2016 EPS Estimates for Digital Realty Trust, Inc. Reduced by Analyst (DLR)

Today The Q4 2016 EPS Estimates for Digital Realty Trust, Inc. Reduced by Analyst (DLR)

Digital Realty Trust, Inc. (NYSE:DLR) – Stock analysts at Jefferies Group reduced their Q4 2016 earnings per share (EPS) estimates for shares of Digital Realty Trust in a research report issued on Monday. Jefferies Group analyst J. Petersen now forecasts that the brokerage will post earnings of $1.45 per share for the quarter, down from their previous forecast of $1.48.

Several other brokerages have also issued reports on DLR. Deutsche Bank AG reaffirmed a “hold” rating and issued a $106.00 target price (down previously from $108.00) on shares of Digital Realty Trust in a research note on Monday, January 9th. Bank of America Corporation reaffirmed a “buy” rating and issued a $120.00 target price on shares of Digital Realty Trust in a research note on Wednesday, September 28th. Morgan Stanley raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $103.00 to $104.00 in a research note on Tuesday, November 8th. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Tuesday, October 11th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $110.00 target price (down previously from $118.00) on shares of Digital Realty Trust in a research note on Monday. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Digital Realty Trust currently has a consensus rating of “Buy” and a consensus target price of $107.93.

Digital Realty Trust (NYSE:DLR) traded down 0.35% on Wednesday, reaching $106.97. 602,855 shares of the company’s stock traded hands. Digital Realty Trust has a 52-week low of $76.36 and a 52-week high of $113.21. The stock’s 50 day moving average is $99.13 and its 200 day moving average is $97.60. The firm has a market cap of $17.00 billion, a price-to-earnings ratio of 73.72 and a beta of 0.14.

A number of hedge funds have recently made changes to their positions in the company. Chicago Equity Partners LLC increased its stake in shares of Digital Realty Trust by 3.5% in the third quarter. Chicago Equity Partners LLC now owns 265,025 shares of the real estate investment trust’s stock valued at $25,739,000 after buying an additional 8,840 shares during the period. Suntrust Banks Inc. increased its stake in Digital Realty Trust by 21.7% in the third quarter. Suntrust Banks Inc. now owns 205,927 shares of the real estate investment trust’s stock worth $19,998,000 after buying an additional 36,665 shares during the period. Sei Investments Co. increased its stake in Digital Realty Trust by 30.2% in the third quarter. Sei Investments Co. now owns 199,765 shares of the real estate investment trust’s stock worth $19,401,000 after buying an additional 46,386 shares during the period. Swiss National Bank increased its stake in Digital Realty Trust by 5.7% in the third quarter. Swiss National Bank now owns 441,955 shares of the real estate investment trust’s stock worth $42,923,000 after buying an additional 23,700 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in Digital Realty Trust by 0.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 116,915 shares of the real estate investment trust’s stock worth $11,355,000 after buying an additional 364 shares during the period.

In other Digital Realty Trust news, SVP Joshua A. Mills sold 1,759 shares of the firm’s stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $95.20, for a total transaction of $167,456.80. Following the sale, the senior vice president now directly owns 5,925 shares in the company, valued at approximately $564,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua A. Mills sold 9,239 shares of the firm’s stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $101.94, for a total transaction of $941,823.66. Following the sale, the senior vice president now owns 9,815 shares in the company, valued at $1,000,541.10. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Thursday, December 15th were issued a dividend of $0.88 per share. The ex-dividend date was Tuesday, December 13th. This represents a $3.52 annualized dividend and a yield of 3.28%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 246.15%.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. 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.

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