DIGITAL RLTY TR/SH (NYSE:DLR) Raised to “Outperform” at Raymond James

DIGITAL RLTY TR/SH (NYSE:DLR) was upgraded by stock analysts at Raymond James from a “market perform” rating to an “outperform” rating in a report issued on Thursday, June 6th, MarketBeat.com reports. The firm presently has a $116.00 target price on the real estate investment trust’s stock. Raymond James’ price objective points to a potential downside of 0.91% from the stock’s current price.

Several other equities research analysts also recently commented on the company. ValuEngine downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a report on Tuesday, June 4th. Stifel Nicolaus set a $130.00 target price on DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a report on Friday, April 26th. Zacks Investment Research cut DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. TheStreet upgraded DIGITAL RLTY TR/SH from a “c+” rating to a “b” rating in a research note on Thursday, April 25th. Finally, Jefferies Financial Group cut DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and decreased their price target for the stock from $144.00 to $125.00 in a research note on Tuesday, April 23rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $125.36.

Shares of NYSE:DLR traded down $0.72 during midday trading on Thursday, hitting $117.07. The stock had a trading volume of 805,873 shares, compared to its average volume of 1,282,379. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $118.77. DIGITAL RLTY TR/SH has a 12 month low of $100.05 and a 12 month high of $125.19. The firm has a market capitalization of $24.38 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.55 and a beta of 0.40.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.08. DIGITAL RLTY TR/SH had a net margin of 10.95% and a return on equity of 3.27%. The firm had revenue of $814.50 million during the quarter, compared to analysts’ expectations of $800.13 million. During the same period in the previous year, the business posted $1.63 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts predict that DIGITAL RLTY TR/SH will post 6.67 EPS for the current year.

In related news, Director Kevin Kennedy sold 300 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $125.00, for a total transaction of $37,500.00. Following the completion of the transaction, the director now directly owns 300 shares of the company’s stock, valued at $37,500. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Edward F. Sham sold 17,233 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $119.65, for a total value of $2,061,928.45. Following the transaction, the insider now directly owns 21,571 shares of the company’s stock, valued at $2,580,970.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,333 shares of company stock valued at $3,537,128. Company insiders own 0.49% of the company’s stock.

A number of hedge funds have recently modified their holdings of DLR. First Financial Bank Trust Division boosted its position in DIGITAL RLTY TR/SH by 8.3% during the 2nd quarter. First Financial Bank Trust Division now owns 34,047 shares of the real estate investment trust’s stock valued at $4,010,000 after acquiring an additional 2,610 shares in the last quarter. Cox Capital Mgt LLC acquired a new stake in shares of DIGITAL RLTY TR/SH in the 2nd quarter worth $1,069,000. Amundi Pioneer Asset Management Inc. boosted its position in shares of DIGITAL RLTY TR/SH by 48.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 592,090 shares of the real estate investment trust’s stock worth $70,459,000 after purchasing an additional 193,197 shares in the last quarter. FMR LLC boosted its position in shares of DIGITAL RLTY TR/SH by 3.1% in the 1st quarter. FMR LLC now owns 4,123,291 shares of the real estate investment trust’s stock worth $490,672,000 after purchasing an additional 122,913 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of DIGITAL RLTY TR/SH by 31.7% in the 1st quarter. Nordea Investment Management AB now owns 193,792 shares of the real estate investment trust’s stock worth $23,062,000 after purchasing an additional 46,701 shares in the last quarter. Institutional investors and hedge funds own 99.17% of the company’s stock.

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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