Digital Realty Trust, Inc. (NYSE:DLR) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $98.06 and last traded at $98.01, with a volume of 1490550 shares. The stock had previously closed at $99.58.
Several equities research analysts recently issued reports on DLR shares. Jefferies Group reissued a “hold” rating and issued a $120.00 target price on shares of Digital Realty Trust in a research report on Tuesday, October 24th. Zacks Investment Research cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Deutsche Bank raised their target price on shares of Digital Realty Trust from $111.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. KeyCorp set a $130.00 target price on shares of Digital Realty Trust and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, TheStreet cut shares of Digital Realty Trust from a “b” rating to a “c+” rating in a research report on Monday, October 30th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Digital Realty Trust presently has a consensus rating of “Buy” and an average target price of $122.19.
The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.46 and a current ratio of 0.25. The stock has a market cap of $20,999.06, a price-to-earnings ratio of 97.04, a P/E/G ratio of 2.07 and a beta of -0.11.
A number of hedge funds and other institutional investors have recently bought and sold shares of DLR. Amica Retiree Medical Trust purchased a new stake in shares of Digital Realty Trust during the third quarter valued at approximately $102,000. Grove Bank & Trust raised its stake 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 valued at $106,000 after purchasing an additional 835 shares during the period. Thompson Siegel & Walmsley LLC raised its stake 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 valued at $114,000 after purchasing an additional 947 shares during the period. Fieldpoint Private Securities LLC purchased a new stake in shares of Digital Realty Trust during the third quarter valued at approximately $134,000. Finally, Investment Counselors of Maryland LLC purchased a new stake in shares of Digital Realty Trust during the third quarter valued at approximately $154,000. Hedge funds and other institutional investors 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.
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