Brokerages Set Digital Realty (DLR) PT at $121.93

Shares of Digital Realty (NYSE:DLR) have been assigned a consensus recommendation of “Buy” from the twenty-two ratings firms that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $121.93.

Several brokerages have recently commented on DLR. ValuEngine lowered shares of Digital Realty from a “buy” rating to a “hold” rating in a research note on Thursday. Moffett Nathanson began coverage on shares of Digital Realty in a research note on Monday, April 9th. They set a “hold” rating and a $115.00 price target on the stock. Robert W. Baird restated a “buy” rating and set a $125.00 price target on shares of Digital Realty in a research note on Friday, February 23rd. Barclays dropped their price target on shares of Digital Realty from $139.00 to $136.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 30th. Finally, TheStreet upgraded shares of Digital Realty from a “c+” rating to a “b” rating in a research note on Thursday, February 15th.

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DLR stock traded up $1.45 during midday trading on Thursday, reaching $102.44. The company had a trading volume of 754,078 shares, compared to its average volume of 1,034,287. Digital Realty has a 1 year low of $96.56 and a 1 year high of $127.23. The company has a market cap of $20,750.45, a price-to-earnings ratio of 16.68, a PEG ratio of 2.27 and a beta of -0.02. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.88.

Digital Realty (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($1.18). Digital Realty had a return on equity of 4.03% and a net margin of 10.10%. The business had revenue of $731.45 million for the quarter, compared to analyst estimates of $729.30 million. research analysts anticipate that Digital Realty will post 6.54 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were paid a $1.01 dividend. The ex-dividend date was Wednesday, March 14th. This is a positive change from Digital Realty’s previous quarterly dividend of $0.93. This represents a $4.04 dividend on an annualized basis and a yield of 3.94%. Digital Realty’s dividend payout ratio (DPR) is presently 65.80%.

In related news, SVP Christopher Kenney sold 10,000 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $103.47, for a total value of $1,034,700.00. Following the transaction, the senior vice president now directly owns 10,000 shares in the company, valued at approximately $1,034,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.43% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC acquired a new stake in Digital Realty in the 3rd quarter worth $134,000. SeaCrest Wealth Management LLC acquired a new stake in Digital Realty in the 4th quarter worth $165,000. M&R Capital Management Inc. grew its position in Digital Realty by 111.4% in the 4th quarter. M&R Capital Management Inc. now owns 1,480 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 780 shares during the last quarter. Parallel Advisors LLC grew its position in Digital Realty by 67.1% in the 3rd quarter. Parallel Advisors LLC now owns 1,624 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 652 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Digital Realty in the 4th quarter worth $208,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

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About Digital Realty

Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.

Analyst Recommendations for Digital Realty (NYSE:DLR)

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