Digital Realty Trust Inc. (NYSE:DLR) shares fell 2.2% during mid-day trading on Friday . The company traded as low as $100.72 and last traded at $100.77, with a volume of 568,688 shares changing hands. The stock had previously closed at $103.07.

A number of research firms recently issued reports on DLR. Royal Bank Of Canada lowered their target price on shares of Digital Realty Trust from $105.00 to $89.00 and set an “outperform” rating on the stock in a research note on Friday, May 13th. Citigroup Inc. lowered their target price on shares of Digital Realty Trust from $108.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, July 7th. Wells Fargo & Co. began coverage on shares of Digital Realty Trust in a research note on Tuesday, May 31st. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th. Finally, SunTrust Banks Inc. began coverage on shares of Digital Realty Trust in a report on Thursday, July 21st. They issued a “buy” rating and a $125.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. Digital Realty Trust has an average rating of “Hold” and a consensus target price of $97.24.

The company has a market capitalization of $14.83 billion and a PE ratio of 224.33. The firm’s 50 day moving average is $106.10 and its 200-day moving average is $92.21.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.04. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The company earned $514.90 million during the quarter, compared to analyst estimates of $507.72 million. Digital Realty Trust’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, equities analysts forecast that Digital Realty Trust Inc. will post $5.64 earnings per share for the current fiscal year.

Several institutional investors recently added to or reduced their stakes in DLR. US Bancorp DE increased its position 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 in the last quarter. GSA Capital Partners LLP increased its position in Digital Realty Trust by 99.1% in the fourth quarter. GSA Capital Partners LLP now owns 17,116 shares of the real estate investment trust’s stock valued at $1,294,000 after buying an additional 8,519 shares during the period. Andra AP fonden increased its position in 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 valued at $2,231,000 after buying an additional 6,400 shares during the period. Utah Retirement Systems increased its position in 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 valued at $2,578,000 after buying an additional 2,200 shares during the period. Finally, KBC Group NV increased its position in 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 valued at $2,685,000 after buying an additional 3,017 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.

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.