Digital Realty Trust Inc. (NYSE:DLR) shares fell 3.1% during mid-day trading on Friday . The company traded as low as $101.36 and last traded at $104.33, with a volume of 2,186,642 shares trading hands. The stock had previously closed at $107.69.

A number of research firms have issued reports on DLR. Citigroup Inc. decreased their target price on Digital Realty Trust from $108.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, July 7th. Jefferies Group restated a “buy” rating and set a $108.00 price target on shares of Digital Realty Trust in a report on Wednesday, July 6th. Cowen and Company cut Digital Realty Trust from an “outperform” rating to a “market perform” rating in a report on Friday. KeyCorp restated a “buy” rating and set a $121.00 price target on shares of Digital Realty Trust in a report on Friday. Finally, Deutsche Bank AG boosted their price target on Digital Realty Trust from $114.00 to $116.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $93.88.

The company has a market capitalization of $15.34 billion and a price-to-earnings ratio of 95.92. The stock has a 50 day moving average of $105.78 and a 200 day moving average of $91.29.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.04. The business earned $514.90 million during the quarter, compared to the consensus estimate of $507.72 million. During the same quarter in the prior year, the business posted $1.30 earnings per share. Digital Realty Trust’s quarterly revenue was up 22.5% compared to the same quarter last year. Analysts forecast that Digital Realty Trust Inc. will post $5.58 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 paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Monday, June 13th.

In other Digital Realty Trust news, 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 transaction of $1,430,638.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bernard Geoghegan sold 586 shares of Digital Realty Trust stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $90.70, for a total value of $53,150.20. Following the transaction, the director now owns 7,185 shares of the company’s stock, valued at approximately $651,679.50. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in DLR. Jennison Associates LLC boosted its position in shares of Digital Realty Trust by 76.6% in the fourth quarter. Jennison Associates LLC now owns 2,416,718 shares of the real estate investment trust’s stock worth $182,752,000 after buying an additional 1,048,043 shares during the last quarter. US Bancorp DE boosted its position in shares of 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 worth $1,270,000 after buying an additional 2,445 shares during the last quarter. Advantus Capital Management Inc boosted its position in shares of Digital Realty Trust by 162.9% in the fourth quarter. Advantus Capital Management Inc now owns 276,600 shares of the real estate investment trust’s stock worth $20,916,000 after buying an additional 171,400 shares during the last quarter. Andra AP fonden boosted its position in shares of Digital Realty Trust by 27.7% in the fourth quarter. Andra AP fonden now owns 29,500 shares of the real estate investment trust’s stock worth $2,231,000 after buying an additional 6,400 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of 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 worth $71,262,000 after buying an additional 5,446 shares during 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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