KeyCorp Boosts DIGITAL RLTY TR/SH (NYSE:DLR) Price Target to $135.00

DIGITAL RLTY TR/SH (NYSE:DLR) had its target price increased by KeyCorp from $130.00 to $135.00 in a report released on Tuesday, BenzingaRatingsTable reports. KeyCorp currently has an overweight rating on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on DLR. Barclays restated an overweight rating and set a $147.00 price objective on shares of DIGITAL RLTY TR/SH in a research note on Friday, August 30th. Argus assumed coverage on DIGITAL RLTY TR/SH in a research note on Wednesday, July 3rd. They set a buy rating and a $140.00 price objective for the company. Zacks Investment Research upgraded DIGITAL RLTY TR/SH from a sell rating to a hold rating and set a $125.00 price objective for the company in a research note on Friday, June 28th. ValuEngine lowered DIGITAL RLTY TR/SH from a buy rating to a hold rating in a research note on Thursday, June 27th. Finally, Cowen set a $125.00 price objective on DIGITAL RLTY TR/SH and gave the company a hold rating in a research note on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. DIGITAL RLTY TR/SH currently has a consensus rating of Buy and an average target price of $127.93.

Shares of NYSE DLR opened at $129.31 on Tuesday. DIGITAL RLTY TR/SH has a fifty-two week low of $100.05 and a fifty-two week high of $131.15. The business has a 50 day moving average price of $126.34 and a two-hundred day moving average price of $120.89. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.16. The firm has a market cap of $26.94 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.83 and a beta of 0.40.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.48). DIGITAL RLTY TR/SH had a net margin of 10.00% and a return on equity of 3.01%. The business had revenue of $801.00 million for the quarter, compared to analyst estimates of $807.48 million. During the same quarter last year, the business earned $1.66 EPS. DIGITAL RLTY TR/SH’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts anticipate that DIGITAL RLTY TR/SH will post 6.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Thursday, September 12th. DIGITAL RLTY TR/SH’s dividend payout ratio is presently 65.45%.

In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 300 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $125.00, for a total transaction of $37,500.00. Following the transaction, the director now owns 300 shares of the company’s stock, valued at approximately $37,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.49% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its holdings in DIGITAL RLTY TR/SH by 79.6% during the 3rd quarter. Pacer Advisors Inc. now owns 64,902 shares of the real estate investment trust’s stock worth $8,425,000 after buying an additional 28,768 shares during the last quarter. Bogart Wealth LLC lifted its holdings in shares of DIGITAL RLTY TR/SH by 0.7% in the 3rd quarter. Bogart Wealth LLC now owns 22,632 shares of the real estate investment trust’s stock worth $2,938,000 after purchasing an additional 153 shares during the last quarter. Forte Capital LLC ADV lifted its holdings in shares of DIGITAL RLTY TR/SH by 4.5% in the 3rd quarter. Forte Capital LLC ADV now owns 10,639 shares of the real estate investment trust’s stock worth $1,381,000 after purchasing an additional 460 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of DIGITAL RLTY TR/SH by 507.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 80,134 shares of the real estate investment trust’s stock worth $10,402,000 after purchasing an additional 66,943 shares during the last quarter. Finally, TRUE Private Wealth Advisors lifted its holdings in shares of DIGITAL RLTY TR/SH by 26.4% in the 3rd quarter. TRUE Private Wealth Advisors now owns 4,955 shares of the real estate investment trust’s stock worth $643,000 after purchasing an additional 1,034 shares during the last quarter.

DIGITAL RLTY TR/SH Company Profile

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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Analyst Recommendations for DIGITAL RLTY TR/SH (NYSE:DLR)

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