Shares of Digital Realty Trust Inc. (NYSE:DLR) dropped 2% during trading on Tuesday . The stock traded as low as $99.27 and last traded at $99.54, with a volume of 751,231 shares. The stock had previously closed at $101.61.

DLR has been the topic of a number of research reports. Jefferies Group restated a “buy” rating and issued a $106.00 target price on shares of Digital Realty Trust in a report on Friday, April 29th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Wednesday, May 4th. Royal Bank Of Canada reduced 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 report on Friday, May 13th. Deutsche Bank AG restated a “buy” rating and issued a $102.00 target price on shares of Digital Realty Trust in a report on Wednesday, May 18th. Finally, Wells Fargo & Co. initiated coverage on shares of Digital Realty Trust in a report on Tuesday, May 31st. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. Digital Realty Trust presently has a consensus rating of “Hold” and an average target price of $97.35.

The company’s 50 day moving average price is $104.91 and its 200-day moving average price is $94.43. The stock has a market capitalization of $14.63 billion and a P/E ratio of 221.44.

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, topping analysts’ consensus estimates of $1.38 by $0.04. The firm had revenue of $514.90 million for the quarter, compared to analysts’ expectations of $507.72 million. During the same period last year, the firm earned $1.30 earnings per share. Digital Realty Trust’s revenue for the quarter was up 22.5% on a year-over-year basis. Equities analysts forecast that Digital Realty Trust Inc. will post $5.70 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Tuesday, September 13th.

Other institutional investors have recently modified their holdings of the company. US Bancorp DE increased 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 period. Stephens Inc. AR increased its position in shares of Digital Realty Trust by 6.2% in the fourth quarter. Stephens Inc. AR now owns 49,254 shares of the real estate investment trust’s stock worth $3,725,000 after buying an additional 2,879 shares during the period. KBC Group NV increased its position 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 during the period. Utah Retirement Systems increased its position 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 during the period. Finally, BlackRock Advisors LLC increased its position 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 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.

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