Digital Realty Trust (DLR) Stock Rating Reaffirmed by Robert W. Baird

Digital Realty Trust (NYSE:DLR)‘s stock had its “buy” rating reissued by equities researchers at Robert W. Baird in a research report issued on Friday. They currently have a $125.00 price target on the real estate investment trust’s stock. Robert W. Baird’s target price would suggest a potential upside of 22.31% from the company’s current price.

A number of other brokerages have also recently issued reports on DLR. ValuEngine upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Wells Fargo & Co raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $109.31 to $120.00 in a report on Friday, December 22nd. Barclays decreased their target price on Digital Realty Trust from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Deutsche Bank decreased their target price on Digital Realty Trust from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Finally, Zacks Investment Research lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, January 15th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Digital Realty Trust presently has a consensus rating of “Buy” and an average price target of $122.25.

Shares of Digital Realty Trust (NYSE:DLR) opened at $102.20 on Friday. Digital Realty Trust has a 12 month low of $97.04 and a 12 month high of $127.23. The stock has a market capitalization of $21,000.00, a P/E ratio of 102.20, a PEG ratio of 2.24 and a beta of -0.11. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.46 and a current ratio of 0.25.

A number of hedge funds and other institutional investors have recently modified their holdings of DLR. Cohen & Steers Inc. grew its holdings in Digital Realty Trust by 100.4% in the 3rd quarter. Cohen & Steers Inc. now owns 13,229,368 shares of the real estate investment trust’s stock valued at $1,565,431,000 after buying an additional 6,626,871 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Digital Realty Trust by 41.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 6,474,187 shares of the real estate investment trust’s stock valued at $766,091,000 after buying an additional 1,897,642 shares in the last quarter. AEW Capital Management L P grew its holdings in Digital Realty Trust by 295.4% in the 3rd quarter. AEW Capital Management L P now owns 1,580,668 shares of the real estate investment trust’s stock valued at $187,040,000 after buying an additional 1,180,868 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Digital Realty Trust by 79.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,332,689 shares of the real estate investment trust’s stock valued at $276,860,000 after buying an additional 1,032,004 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Digital Realty Trust by 29.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,888,529 shares of the real estate investment trust’s stock valued at $341,788,000 after buying an additional 664,982 shares in the last quarter. 97.86% of the stock is currently owned by hedge funds and other institutional investors.

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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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