Digital Realty Trust (DLR) Rating Increased to Hold at Zacks Investment Research

Digital Realty Trust (NYSE:DLR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Shares of Digital Realty have underperformed the industry it belongs to in the past six months. However, the Zacks Consensus Estimate for first-quarter and full-year 2018 funds from operations (FFO) per share remained unchanged in a week’s time. Recently, Digital Realty delivered a better-than-expected performance for fourth-quarter 2017 in terms of FFO per share. The results were supported by growth in revenues. Notably, solid demand for data centers as well as accretive acquisitions and development efforts are expected to drive long-term growth of the company. However, it faces intense competition in the industry. Amid this, aggressive pricing pressure is likely to continue in the upcoming period. Moreover, Digital Realty’s earnings have a notable exposure to foreign currency translation. Also, the company has a substantial debt burden. Further, rate hike adds to its woes.”

Other equities research analysts also recently issued research reports about the stock. Deutsche Bank raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Wednesday, January 10th. Credit Suisse Group restated a “hold” rating and issued a $95.00 target price on shares of Digital Realty Trust in a report on Tuesday, January 23rd. Barclays dropped their target price on shares of Digital Realty Trust from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Citigroup upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $105.12 to $120.00 in a report on Wednesday, February 14th. Finally, TheStreet upgraded shares of Digital Realty Trust from a “c+” rating to a “b” rating in a report on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $122.19.

Shares of Digital Realty Trust (NYSE:DLR) traded down $0.88 on Tuesday, hitting $101.32. 600,440 shares of the company traded hands, compared to its average volume of 1,635,796. The company has a market capitalization of $21,000.00, a P/E ratio of 101.21, a P/E/G ratio of 2.07 and a beta of -0.11. The company has a quick ratio of 0.46, a current ratio of 0.25 and a debt-to-equity ratio of 0.88. Digital Realty Trust has a 12 month low of $98.28 and a 12 month high of $127.23.

Several institutional investors have recently modified their holdings of DLR. Amica Retiree Medical Trust purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth $102,000. Grove Bank & Trust boosted its stake in shares of Digital Realty Trust by 1,284.6% during the 3rd quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 835 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in shares of Digital Realty Trust by 4,984.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 947 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth $134,000. Finally, Investment Counselors of Maryland LLC purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth $154,000. Institutional investors and hedge funds own 97.86% of the company’s stock.

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About Digital Realty Trust

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)

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