Digital Realty Trust Inc. (NYSE:DLR)’s share price rose 3.6% during trading on Friday . The company traded as high as $105.83 and last traded at $105.78, with a volume of 1,226,215 shares. The stock had previously closed at $102.06.

DLR has been the subject of a number of research reports. Barclays PLC boosted their price target on shares of Digital Realty Trust from $110.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday. Jefferies Group reissued a “buy” rating and issued a $106.00 price target on shares of Digital Realty Trust in a research note on Friday, April 29th. Deutsche Bank AG reissued a “buy” rating and issued a $114.00 price target (up previously from $102.00) on shares of Digital Realty Trust in a research note on Monday. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Wednesday, May 4th. Finally, SunTrust Banks Inc. began coverage on shares of Digital Realty Trust in a research note on Thursday. They issued a “buy” rating and a $125.00 price target for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $92.25.

The firm has a market cap of $15.51 billion and a PE ratio of 97.02. The firm has a 50 day moving average price of $104.87 and a 200-day moving average price of $90.15.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. During the same quarter in the prior year, the business earned $1.27 earnings per share. The company earned $504.19 million during the quarter, compared to the consensus estimate of $515.08 million. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. On average, analysts anticipate that Digital Realty Trust Inc. will post $5.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors 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 dividend on an annualized basis and a yield of 3.45%.

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. Bank of Montreal Can increased its stake in Digital Realty Trust by 1.2% in the fourth quarter. Bank of Montreal Can now owns 41,101 shares of the real estate investment trust’s stock valued at $3,107,000 after buying an additional 468 shares during the period. Davidson & Garrard Inc. increased its stake in Digital Realty Trust by 1.3% in the fourth quarter. Davidson & Garrard Inc. now owns 41,975 shares of the real estate investment trust’s stock valued at $3,174,000 after buying an additional 524 shares during the period. US Bancorp DE increased its stake in Digital Realty Trust by 17.0% in the fourth quarter. US Bancorp DE now owns 16,809 shares of the real estate investment trust’s stock valued at $1,270,000 after buying an additional 2,445 shares during the period. Azimuth Capital Management LLC increased its stake in Digital Realty Trust by 9.2% in the fourth quarter. Azimuth Capital Management LLC now owns 29,505 shares of the real estate investment trust’s stock valued at $2,231,000 after buying an additional 2,480 shares during the period. Finally, Stephens Inc. AR increased its stake in Digital Realty Trust by 6.2% in the fourth quarter. Stephens Inc. AR now owns 49,254 shares of the real estate investment trust’s stock valued at $3,725,000 after buying an additional 2,879 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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