Digital Realty Trust Inc. (NYSE:DLR) dropped 2.4% on Thursday . The stock traded as low as $107.15 and last traded at $107.22, with a volume of 936,676 shares traded. The stock had previously closed at $109.82.

DLR has been the subject of several recent analyst reports. Jefferies Group restated a “buy” rating and set a $108.00 target price on shares of Digital Realty Trust in a research note on Wednesday, July 6th. Deutsche Bank AG restated a “buy” rating and set a $102.00 target price on shares of Digital Realty Trust in a research note on Wednesday, May 18th. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Wednesday, May 4th. Stifel Nicolaus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, March 21st. They noted that the move was a valuation call. Finally, Citigroup Inc. decreased their target price on Digital Realty Trust from $108.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.07.

The firm has a 50-day moving average price of $104.04 and a 200 day moving average price of $89.43. The firm has a market cap of $15.65 billion and a PE ratio of 97.85.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, April 28th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. The firm earned $504.19 million during the quarter, compared to analyst estimates of $515.08 million. During the same quarter in the previous year, the business posted $1.27 EPS. Digital Realty Trust’s revenue was up 24.0% compared to the same quarter last year. On average, equities research analysts expect that Digital Realty Trust Inc. will post $5.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a $0.88 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $3.52 annualized dividend and a dividend yield of 3.30%.

In other news, Director Bernard Geoghegan sold 586 shares of Digital Realty Trust stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $90.70, for a total value of $53,150.20. Following the completion of the transaction, the director now owns 7,185 shares in the company, valued at approximately $651,679.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO A William Stein sold 16,017 shares of Digital Realty Trust stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $89.32, for a total value of $1,430,638.44. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. Green Street Investors LLC raised its position in shares of Digital Realty Trust by 4.5% in the fourth quarter. Green Street Investors LLC now owns 74,600 shares of the real estate investment trust’s stock valued at $5,641,000 after buying an additional 3,200 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Digital Realty Trust by 10.8% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 243,070 shares of the real estate investment trust’s stock valued at $18,699,000 after buying an additional 23,697 shares during the period. Quantitative Investment Management LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at about $7,501,000. Vanguard Group Inc. increased its stake in shares of Digital Realty Trust by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 20,540,666 shares of the real estate investment trust’s stock valued at $1,553,286,000 after buying an additional 1,374,273 shares during the period. Finally, New Mexico Educational Retirement Board increased its stake in shares of Digital Realty Trust by 9.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 32,125 shares of the real estate investment trust’s stock valued at $2,429,000 after buying an additional 2,900 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.