Digital Realty Trust Inc. (NYSE:DLR) has been given a consensus recommendation of “Hold” by the nineteen brokerages that are currently covering the firm. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $98.77.

Several equities analysts have recently commented on DLR shares. Cowen and Company lowered Digital Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Jefferies Group restated a “hold” rating on shares of Digital Realty Trust in a research note on Tuesday, August 23rd. Royal Bank Of Canada raised their price target on Digital Realty Trust from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. RBC Capital Markets restated an “outperform” rating and set a $120.00 price target (up previously from $105.00) on shares of Digital Realty Trust in a research note on Thursday, August 4th. Finally, Deutsche Bank AG restated a “buy” rating and set a $114.00 price target (up previously from $102.00) on shares of Digital Realty Trust in a research note on Monday, July 18th.

In other Digital Realty Trust news, insider Edward F. Sham sold 14,701 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $92.50, for a total value of $1,359,842.50. Following the completion of the transaction, the insider now directly owns 19,039 shares of the company’s stock, valued at $1,761,107.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in DLR. Gateway Investment Advisers LLC increased its position in shares of Digital Realty Trust by 5.8% in the second quarter. Gateway Investment Advisers LLC now owns 186,031 shares of the real estate investment trust’s stock worth $20,276,000 after buying an additional 10,160 shares during the last quarter. Legal & General Group Plc increased its position in shares of Digital Realty Trust by 6.7% in the first quarter. Legal & General Group Plc now owns 881,544 shares of the real estate investment trust’s stock worth $78,006,000 after buying an additional 55,392 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Digital Realty Trust during the second quarter worth about $24,192,000. Capital Analysts LLC increased its position in shares of Digital Realty Trust by 617.2% in the second quarter. Capital Analysts LLC now owns 6,383 shares of the real estate investment trust’s stock worth $815,000 after buying an additional 5,493 shares during the last quarter. Finally, Manning & Napier Advisors LLC increased its position in shares of Digital Realty Trust by 85.9% in the second quarter. Manning & Napier Advisors LLC now owns 60,690 shares of the real estate investment trust’s stock worth $6,614,000 after buying an additional 28,039 shares during the last quarter.

Digital Realty Trust (NYSE:DLR) opened at 92.60 on Wednesday. Digital Realty Trust has a 1-year low of $62.42 and a 1-year high of $113.21. The firm’s 50-day moving average is $101.19 and its 200 day moving average is $96.42. The company has a market cap of $13.60 billion, a PE ratio of 205.78 and a beta of 0.34.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 28th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. Digital Realty Trust had a return on equity of 5.02% and a net margin of 7.82%. The business earned $514.90 million during the quarter, compared to the consensus estimate of $507.72 million. During the same period last year, the company earned $1.30 earnings per share. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. Analysts predict that Digital Realty Trust will post $5.71 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Tuesday, September 13th. Digital Realty Trust’s payout ratio is presently 765.22%.

About Digital Realty Trust

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.

5 Day Chart for NYSE:DLR

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