Digital Realty Trust Inc. (NYSE:DLR)’s share price traded down 0.9% during mid-day trading on Monday . The stock traded as low as $102.28 and last traded at $102.28, with a volume of 306,906 shares trading hands. The stock had previously closed at $103.24.

Several equities analysts have recently issued reports on the stock. Jefferies Group reissued a “buy” rating and set a $106.00 price target on shares of Digital Realty Trust in a report on Friday, April 29th. Royal Bank Of Canada cut their price objective 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. cut their price objective 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. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Wednesday, May 4th. Finally, KeyCorp restated a “buy” rating and set a $121.00 price objective on shares of Digital Realty Trust in a research note on Friday, July 29th. One 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 company. The stock has a consensus rating of “Hold” and an average target price of $97.35.

The firm has a market cap of $14.95 billion and a P/E ratio of 226.22. The firm’s 50-day moving average is $105.79 and its 200-day moving average is $93.58.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 28th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate of $1.38 by $0.04. The business had revenue of $514.90 million for the quarter, compared to the consensus estimate of $507.72 million. Digital Realty Trust’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 EPS. Equities analysts forecast that Digital Realty Trust Inc. will post $5.70 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 3.46%. The ex-dividend date is Tuesday, September 13th.

A number of institutional investors have recently bought and sold shares of DLR. US Bancorp DE boosted 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. Andra AP fonden boosted 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 in the last quarter. Utah Retirement Systems boosted 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 in the last quarter. KBC Group NV boosted 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 in the last quarter. Finally, Bank of Montreal Can boosted its position 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 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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