DIGITAL RLTY TR/SH (NYSE:DLR) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other equities research analysts have also commented on the stock. Citigroup decreased their price objective on shares of DIGITAL RLTY TR/SH from $131.00 to $126.00 and set a “buy” rating on the stock in a report on Tuesday, November 6th. Royal Bank of Canada decreased their price objective on shares of DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. BMO Capital Markets set a $120.00 price objective on shares of DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a report on Friday, October 26th. Guggenheim raised shares of DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Monday, October 22nd. Finally, Berenberg Bank began coverage on shares of DIGITAL RLTY TR/SH in a report on Thursday, September 20th. They set a “hold” rating and a $127.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. DIGITAL RLTY TR/SH presently has an average rating of “Buy” and an average price target of $125.47.

Shares of NYSE:DLR opened at $115.72 on Thursday. DIGITAL RLTY TR/SH has a 12 month low of $96.56 and a 12 month high of $125.10. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $24.11 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 2.57 and a beta of 0.44.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.29). DIGITAL RLTY TR/SH had a return on equity of 3.96% and a net margin of 11.78%. The company had revenue of $768.92 million for the quarter, compared to the consensus estimate of $773.08 million. Analysts expect that DIGITAL RLTY TR/SH will post 6.6 earnings per share for the current fiscal year.

In other news, CTO Christopher Sharp sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $110.00, for a total value of $550,000.00. Following the transaction, the chief technology officer now owns 6,062 shares of the company’s stock, valued at approximately $666,820. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Kennedy sold 400 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $114.51, for a total transaction of $45,804.00. Following the completion of the transaction, the director now directly owns 400 shares in the company, valued at approximately $45,804. The disclosure for this sale can be found here. Insiders sold a total of 13,271 shares of company stock worth $1,508,840 in the last ninety days. Insiders own 0.43% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Treasurer State of Michigan boosted its stake in shares of DIGITAL RLTY TR/SH by 0.8% in the 3rd quarter. State Treasurer State of Michigan now owns 61,460 shares of the real estate investment trust’s stock valued at $6,913,000 after purchasing an additional 500 shares during the last quarter. Oliver Luxxe Assets LLC raised its position in shares of DIGITAL RLTY TR/SH by 15.6% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 27,115 shares of the real estate investment trust’s stock valued at $2,976,000 after acquiring an additional 3,663 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of DIGITAL RLTY TR/SH by 4.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,150,524 shares of the real estate investment trust’s stock valued at $239,956,000 after acquiring an additional 96,180 shares during the period. Albion Financial Group UT raised its position in shares of DIGITAL RLTY TR/SH by 7.9% in the 2nd quarter. Albion Financial Group UT now owns 22,938 shares of the real estate investment trust’s stock valued at $2,559,000 after acquiring an additional 1,682 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in shares of DIGITAL RLTY TR/SH by 3.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 20,505 shares of the real estate investment trust’s stock valued at $2,288,000 after acquiring an additional 629 shares during the period. 99.10% of the stock is currently owned by institutional investors.

About DIGITAL RLTY TR/SH

Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.

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Analyst Recommendations for DIGITAL RLTY TR/SH (NYSE:DLR)

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