Digital Realty Trust, Inc. (NYSE:DLR) dropped 0.4% during mid-day trading on Friday . The company traded as low as $98.91 and last traded at $99.39. Approximately 801,555 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 1,546,320 shares. The stock had previously closed at $98.96.

DLR has been the subject of a number of recent analyst reports. Wells Fargo & Co upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $109.31 to $120.00 in a report on Friday, December 22nd. SunTrust Banks restated a “buy” rating and issued a $140.00 target price on shares of Digital Realty Trust in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a report on Monday, October 30th. Deutsche Bank boosted their target price on shares of Digital Realty Trust from $111.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Jefferies Group restated a “hold” rating and issued a $120.00 target price on shares of Digital Realty Trust in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Digital Realty Trust has a consensus rating of “Buy” and a consensus price target of $122.94.

The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.85. The firm has a market cap of $20,410.00, a P/E ratio of 80.78, a PEG ratio of 2.12 and a beta of -0.11.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLR. Amica Retiree Medical Trust acquired a new position in shares of Digital Realty Trust during the third quarter worth $102,000. Grove Bank & Trust lifted its position in shares of Digital Realty Trust by 1,284.6% during the third quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 835 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Digital Realty Trust by 4,984.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 947 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of Digital Realty Trust during the third quarter worth $134,000. Finally, Investment Counselors of Maryland LLC acquired a new position in shares of Digital Realty Trust during the third quarter worth $154,000. Institutional investors own 98.41% of the company’s stock.

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Digital Realty Trust Company Profile

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.

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