UBS Group Increases DIGITAL RLTY TR/SH (NYSE:DLR) Price Target to $154.00

DIGITAL RLTY TR/SH (NYSE:DLR) had its price objective lifted by analysts at UBS Group from $150.00 to $154.00 in a report released on Friday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price target indicates a potential downside of 4.07% from the company’s previous close.

A number of other research firms have also recently commented on DLR. Zacks Investment Research cut shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and set a $141.00 price target on the stock. in a report on Thursday, May 14th. Robert W. Baird cut shares of DIGITAL RLTY TR/SH from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $142.00 to $144.00 in a report on Monday, April 13th. Argus upped their price target on shares of DIGITAL RLTY TR/SH from $130.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, April 3rd. Credit Suisse Group upped their price target on shares of DIGITAL RLTY TR/SH from $164.00 to $173.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Edward Jones initiated coverage on shares of DIGITAL RLTY TR/SH in a report on Tuesday, July 14th. They set a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $151.13.

NYSE DLR opened at $160.54 on Friday. The company’s 50-day moving average price is $144.39 and its 200-day moving average price is $137.01. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87. The stock has a market cap of $43.07 billion, a PE ratio of 25.24, a PEG ratio of 3.91 and a beta of 0.19. DIGITAL RLTY TR/SH has a 12 month low of $105.00 and a 12 month high of $165.49.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($1.28). The company had revenue of $993.00 million during the quarter, compared to the consensus estimate of $931.10 million. DIGITAL RLTY TR/SH had a return on equity of 7.45% and a net margin of 20.57%. As a group, sell-side analysts forecast that DIGITAL RLTY TR/SH will post 6.05 earnings per share for the current year.

In other DIGITAL RLTY TR/SH news, EVP Joshua A. Mills sold 1,446 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $140.00, for a total transaction of $202,440.00. Following the completion of the sale, the executive vice president now directly owns 5,612 shares of the company’s stock, valued at $785,680. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matt Mercier sold 1,511 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $144.74, for a total transaction of $218,702.14. Following the sale, the senior vice president now directly owns 1,606 shares of the company’s stock, valued at $232,452.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,249 shares of company stock valued at $13,113,723. Insiders own 0.61% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Trust N.A. raised its position in shares of DIGITAL RLTY TR/SH by 18.1% in the 2nd quarter. Raymond James Trust N.A. now owns 11,312 shares of the real estate investment trust’s stock valued at $1,607,000 after purchasing an additional 1,733 shares during the last quarter. Timbercreek Investment Management Inc. raised its position in shares of DIGITAL RLTY TR/SH by 8.2% in the 2nd quarter. Timbercreek Investment Management Inc. now owns 14,560 shares of the real estate investment trust’s stock valued at $2,163,000 after purchasing an additional 1,100 shares during the last quarter. Paradigm Asset Management Co. LLC raised its position in shares of DIGITAL RLTY TR/SH by 67.9% in the 1st quarter. Paradigm Asset Management Co. LLC now owns 21,612 shares of the real estate investment trust’s stock valued at $3,002,000 after purchasing an additional 8,742 shares during the last quarter. Clarius Group LLC raised its position in shares of DIGITAL RLTY TR/SH by 28.6% in the 2nd quarter. Clarius Group LLC now owns 1,920 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 427 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of DIGITAL RLTY TR/SH by 5.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,364,387 shares of the real estate investment trust’s stock valued at $336,003,000 after purchasing an additional 115,252 shares during the last quarter.

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

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