Digital Realty Trust Inc. (NYSE:DLR) fell 2.6% during trading on Thursday . The company traded as low as $101.26 and last traded at $102.15, with a volume of 1,445,539 shares changing hands. The stock had previously closed at $104.88.

A number of research firms recently commented on DLR. Royal Bank Of Canada lowered their price target on shares of Digital Realty Trust from $105.00 to $89.00 and set an “outperform” rating for the company in a report on Friday, May 13th. KeyCorp upped their price target on shares of Digital Realty Trust from $88.00 to $97.00 and gave the company an “overweight” rating in a report on Tuesday, April 5th. Citigroup Inc. lowered their price target on shares of Digital Realty Trust from $108.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. Wells Fargo & Co. began coverage on shares of Digital Realty Trust in a report on Tuesday, May 31st. They set an “outperform” rating for the company. Finally, Zacks Investment Research lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $92.25.

The stock has a market cap of $14.98 billion and a P/E ratio of 93.72. The company’s 50 day moving average is $104.95 and its 200 day moving average is $90.06.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data 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. During the same period in the previous year, the firm earned $1.27 earnings per share. The firm had revenue of $504.19 million for the quarter, compared to analysts’ expectations of $515.08 million. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. On average, analysts predict that Digital Realty Trust Inc. will post $5.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Monday, June 13th.

In other news, Director Bernard Geoghegan sold 586 shares of Digital Realty Trust stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $90.70, for a total transaction of $53,150.20. Following the completion of the sale, the director now directly owns 7,185 shares in the company, valued at $651,679.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO A William Stein sold 16,017 shares of Digital Realty Trust stock in a transaction 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.

Several hedge funds have added to or reduced their stakes in the company. Nationwide Fund Advisors increased its stake in Digital Realty Trust by 383.8% in the fourth quarter. Nationwide Fund Advisors now owns 68,757 shares of the real estate investment trust’s stock valued at $5,199,000 after buying an additional 54,546 shares during the period. New York State Common Retirement Fund increased its stake in Digital Realty Trust by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 315,900 shares of the real estate investment trust’s stock valued at $23,888,000 after buying an additional 4,400 shares during the period. Teacher Retirement System of Texas increased its stake in Digital Realty Trust by 749.9% in the fourth quarter. Teacher Retirement System of Texas now owns 61,777 shares of the real estate investment trust’s stock valued at $4,672,000 after buying an additional 54,508 shares during the period. State of Wisconsin Investment Board increased its stake in Digital Realty Trust by 4.4% in the fourth quarter. State of Wisconsin Investment Board now owns 152,474 shares of the real estate investment trust’s stock valued at $11,530,000 after buying an additional 6,400 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in Digital Realty Trust by 17.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 135,885 shares of the real estate investment trust’s stock valued at $10,276,000 after buying an additional 20,000 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.

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