Digital Realty Trust (DLR) Stock Price Down 0.4%
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.
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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