Digital Realty Trust Inc. (NYSE:DLR)’s share price fell 3.1% on Friday . The stock traded as low as $101.36 and last traded at $104.33, with a volume of 2,186,642 shares traded. The stock had previously closed at $107.69.

Several research firms recently weighed in on DLR. Royal Bank Of Canada reduced their target price on Digital Realty Trust from $105.00 to $89.00 and set an “outperform” rating on the stock in a research report on Friday, May 13th. KeyCorp increased their target price on Digital Realty Trust from $88.00 to $97.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 5th. Citigroup Inc. reduced 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. Wells Fargo & Co. began coverage on Digital Realty Trust in a research report on Tuesday, May 31st. They set an “outperform” rating on the stock. Finally, Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $93.88.

The company has a 50-day moving average of $105.74 and a 200 day moving average of $91.38. The stock has a market capitalization of $15.34 billion and a P/E ratio of 232.13.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 28th. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. The firm earned $514.90 million during the quarter, compared to analysts’ expectations of $507.72 million. During the same quarter last year, the firm earned $1.30 EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. Equities research analysts expect that Digital Realty Trust Inc. will post $5.64 earnings per share for the current year.

In other Digital Realty Trust news, Director Bernard Geoghegan sold 586 shares of the business’s stock in a transaction dated 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 sale, the director now owns 7,185 shares of the company’s stock, valued at $651,679.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO A William Stein sold 16,017 shares of the business’s stock in a transaction dated 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 recently made changes to their positions in the company. BlackRock Advisors LLC boosted its stake in shares of Digital Realty Trust by 7.6% in the fourth quarter. BlackRock Advisors LLC now owns 236,467 shares of the real estate investment trust’s stock worth $17,882,000 after buying an additional 16,712 shares in the last quarter. Utah Retirement Systems boosted its stake in shares of Digital Realty Trust by 6.9% in the fourth quarter. Utah Retirement Systems now owns 34,094 shares of the real estate investment trust’s stock worth $2,578,000 after buying an additional 2,200 shares in the last quarter. KBC Group NV boosted its stake in shares of Digital Realty Trust by 9.3% in the fourth quarter. KBC Group NV now owns 35,500 shares of the real estate investment trust’s stock worth $2,685,000 after buying an additional 3,017 shares in the last quarter. Employees Retirement System of Texas boosted its stake in shares of Digital Realty Trust by 37.9% in the fourth quarter. Employees Retirement System of Texas now owns 131,030 shares of the real estate investment trust’s stock worth $9,908,000 after buying an additional 36,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Digital Realty Trust by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,773,331 shares of the real estate investment trust’s stock worth $134,104,000 after buying an additional 37,947 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.

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.