Digital Realty Trust Inc. (NYSE:DLR) shares traded up 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 changing hands. The stock had previously closed at $102.06.

A number of research analysts have commented on the company. Citigroup Inc. lowered their price target on Digital Realty Trust from $108.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Jefferies Group reaffirmed a “buy” rating and set a $108.00 price target on shares of Digital Realty Trust in a research report on Wednesday, July 6th. Deutsche Bank AG reaffirmed a “buy” rating and set a $114.00 price target (up previously from $102.00) on shares of Digital Realty Trust in a research report on Monday, July 18th. Barclays PLC upped their price target on Digital Realty Trust from $110.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, July 19th. Finally, SunTrust Banks Inc. assumed coverage on Digital Realty Trust in a research report on Thursday. They set a “buy” rating and a $125.00 price target for the company. One investment 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. The stock currently has an average rating of “Hold” and an average price target of $92.25.

The firm has a market cap of $15.51 billion and a price-to-earnings ratio of 97.02. The company’s 50 day moving average is $105.11 and its 200 day moving average is $90.36.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.09. During the same period in the previous year, the business earned $1.27 EPS. The firm earned $504.19 million during the quarter, compared to the consensus estimate of $515.08 million. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. Analysts anticipate that Digital Realty Trust Inc. will post $5.58 earnings per share for the current 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 $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 3.33%. The ex-dividend date was Monday, June 13th.

In other news, Director Bernard Geoghegan sold 586 shares of Digital Realty Trust stock in a transaction that occurred on Wednesday, May 4th. The shares were 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 owns 7,185 shares of the company’s stock, valued at $651,679.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $89.32, for a total transaction of $1,430,638.44. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. 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 in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Digital Realty Trust by 9.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 36,729 shares of the real estate investment trust’s stock valued at $2,777,000 after buying an additional 3,025 shares in the last quarter. Victory Capital Management Inc. increased its stake in Digital Realty Trust by 0.6% in the fourth quarter. Victory Capital Management Inc. now owns 942,379 shares of the real estate investment trust’s stock valued at $71,262,000 after buying an additional 5,446 shares in the last quarter. 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 in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Digital Realty Trust by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 500,661 shares of the real estate investment trust’s stock valued at $37,860,000 after buying an additional 48,502 shares in the last quarter.

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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