SunTrust Banks, Inc. Reiterates “Buy” Rating for Digital Realty Trust, Inc. (DLR)

Digital Realty Trust, Inc. (NYSE:DLR)‘s stock had its “buy” rating reissued by equities research analysts at SunTrust Banks, Inc. in a note issued to investors on Thursday. They presently have a $140.00 target price on the real estate investment trust’s stock. SunTrust Banks, Inc.’s price target suggests a potential upside of 14.96% from the company’s current price.

Several other equities research analysts also recently issued reports on DLR. BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Macquarie restated a “neutral” rating and set a $105.00 target price on shares of Digital Realty Trust in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “hold” rating and set a $120.00 target price on shares of Digital Realty Trust in a research report on Friday, July 14th. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research report on Monday, July 17th. Finally, Stifel Nicolaus restated a “hold” rating and set a $117.00 target price on shares of Digital Realty Trust in a research report on Friday, July 21st. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Digital Realty Trust presently has a consensus rating of “Buy” and an average price target of $122.73.

Shares of Digital Realty Trust (NYSE:DLR) opened at 121.78 on Thursday. Digital Realty Trust has a 12-month low of $85.63 and a 12-month high of $127.23. The firm has a market capitalization of $19.75 billion, a PE ratio of 49.46 and a beta of 0.01. The company’s 50-day moving average price is $118.54 and its 200 day moving average price is $115.03.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.05. The business had revenue of $565.99 million during the quarter, compared to analyst estimates of $559.93 million. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. Digital Realty Trust’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 earnings per share. On average, equities analysts forecast that Digital Realty Trust will post $1.47 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “SunTrust Banks, Inc. Reiterates “Buy” Rating for Digital Realty Trust, Inc. (DLR)” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2017/10/14/suntrust-banks-inc-reiterates-buy-rating-for-digital-realty-trust-inc-dlr.html.

In other Digital Realty Trust news, insider Christopher Sharp sold 25,733 shares of Digital Realty Trust stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the sale, the insider now directly owns 25,733 shares of the company’s stock, valued at approximately $2,996,350.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William G. Laperch acquired 1,200 shares of the business’s stock in a transaction on Monday, August 7th. The shares were purchased at an average cost 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 in the company, valued at approximately $30,000. The disclosure for this purchase can be found here. Insiders own 0.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of DLR. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Digital Realty Trust by 50.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 328 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Digital Realty Trust by 18.0% during the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 148 shares during the last quarter. Sun Life Financial INC lifted its holdings in shares of Digital Realty Trust by 12,844.4% during the second quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 1,156 shares during the last quarter. Almanack Investment Partners LLC. purchased a new position in shares of Digital Realty Trust during the second quarter valued at approximately $134,000. Finally, Security National Trust Co. purchased a new position in shares of Digital Realty Trust during the second quarter valued at approximately $164,000.

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.

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

Receive News & Ratings for Digital Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply