Shares of DIGITAL RLTY TR/SH (NYSE:DLR) have earned an average recommendation of “Buy” from the nineteen ratings firms that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $127.69.
DLR has been the subject of several recent research reports. Zacks Investment Research cut DIGITAL RLTY TR/SH from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Wells Fargo & Co reaffirmed a “buy” rating on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 27th. Barclays upped their price objective on DIGITAL RLTY TR/SH from $139.00 to $141.00 and gave the stock an “overweight” rating in a research report on Thursday, August 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $131.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Monday, August 13th. Finally, Stifel Nicolaus upped their price objective on DIGITAL RLTY TR/SH from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, July 27th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLR. Centaurus Financial Inc. bought a new stake in DIGITAL RLTY TR/SH during the second quarter worth about $103,000. Winslow Evans & Crocker Inc. raised its holdings in DIGITAL RLTY TR/SH by 105.5% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,118 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 574 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in DIGITAL RLTY TR/SH by 378.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,200 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 949 shares in the last quarter. NEXT Financial Group Inc bought a new stake in DIGITAL RLTY TR/SH during the third quarter worth about $156,000. Finally, TRUE Private Wealth Advisors bought a new stake in DIGITAL RLTY TR/SH during the third quarter worth about $176,000. Institutional investors and hedge funds own 98.36% of the company’s stock.
Shares of DLR stock traded up $1.81 on Monday, hitting $107.53. 2,346,043 shares of the stock were exchanged, compared to its average volume of 1,961,233. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.34 and a quick ratio of 0.30. The stock has a market capitalization of $21.29 billion, a P/E ratio of 17.51, a P/E/G ratio of 2.27 and a beta of 0.41. DIGITAL RLTY TR/SH has a fifty-two week low of $96.56 and a fifty-two week high of $125.10.
DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($1.29). The firm had revenue of $768.92 million for the quarter, compared to analyst estimates of $773.08 million. DIGITAL RLTY TR/SH had a return on equity of 3.96% and a net margin of 11.78%. Equities analysts expect that DIGITAL RLTY TR/SH will post 6.6 EPS for the current year.
About DIGITAL RLTY TR/SH
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 cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
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