Digital Realty Trust, Inc. (NYSE:DLR) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday.

A number of other research analysts have also issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $117.00 target price on shares of Digital Realty Trust in a report on Thursday, September 14th. Barclays PLC reiterated a “buy” rating and issued a $132.00 target price on shares of Digital Realty Trust in a report on Friday, September 8th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $140.00 target price on shares of Digital Realty Trust in a report on Thursday, October 12th. BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Finally, Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a report on Wednesday, October 11th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $122.73.

Digital Realty Trust (NYSE DLR) opened at 123.88 on Wednesday. The stock has a 50 day moving average price of $119.14 and a 200 day moving average price of $115.54. The company has a market capitalization of $20.09 billion, a price-to-earnings ratio of 50.32 and a beta of 0.01. Digital Realty Trust has a 52-week low of $85.63 and a 52-week high of $127.23.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, topping the consensus estimate of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The business had revenue of $565.99 million during the quarter, compared to analyst estimates of $559.93 million. During the same period last year, the business posted $1.42 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts expect that Digital Realty Trust will post $1.48 earnings per share for the current year.

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In other news, Director William G. Laperch bought 1,200 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the director now owns 1,200 shares of the company’s stock, valued at $30,000. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher Sharp sold 25,733 shares of Digital Realty Trust stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total value of $2,996,350.52. Following the sale, the insider now owns 25,733 shares in the company, valued at approximately $2,996,350.52. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. National Planning Corp increased its position in shares of Digital Realty Trust by 0.5% during the second quarter. National Planning Corp now owns 2,429 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 12 shares in the last quarter. Blue Chip Partners Inc. increased its position in shares of Digital Realty Trust by 0.8% during the second quarter. Blue Chip Partners Inc. now owns 1,842 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 15 shares in the last quarter. Shoker Investment Counsel Inc. increased its position in shares of Digital Realty Trust by 0.8% during the second quarter. Shoker Investment Counsel Inc. now owns 2,034 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 17 shares in the last quarter. Carret Asset Management LLC increased its position in shares of Digital Realty Trust by 1.0% during the second quarter. Carret Asset Management LLC now owns 3,236 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 31 shares in the last quarter. Finally, Motco increased its position in shares of Digital Realty Trust by 0.9% during the second quarter. Motco now owns 3,431 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 32 shares in the last quarter.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. 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.

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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