DIGITAL RLTY TR/SH (NYSE:DLR) Upgraded to “Buy” at ValuEngine

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DIGITAL RLTY TR/SH (NYSE:DLR) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Monday, June 17th, ValuEngine reports.

DLR has been the subject of a number of other research reports. TheStreet raised shares of DIGITAL RLTY TR/SH from a “c+” rating to a “b” rating in a research note on Thursday, April 25th. Raymond James downgraded shares of DIGITAL RLTY TR/SH from an “outperform” rating to a “market perform” rating and set a $120.00 target price for the company. in a research note on Monday, March 25th. Zacks Investment Research raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Thursday, April 11th. Barclays reissued a “buy” rating and set a $143.00 target price on shares of DIGITAL RLTY TR/SH in a research note on Tuesday, April 16th. Finally, Jefferies Financial Group downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and lowered their target price for the stock from $144.00 to $125.00 in a research note on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $125.36.

Shares of DLR stock traded up $2.06 during trading hours on Monday, hitting $119.13. 873,330 shares of the company’s stock traded hands, compared to its average volume of 1,279,500. The firm has a 50 day moving average price of $118.83. The stock has a market cap of $24.50 billion, a PE ratio of 18.05, a PEG ratio of 2.55 and a beta of 0.40. DIGITAL RLTY TR/SH has a 12 month low of $100.05 and a 12 month high of $125.19. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.18.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.08. The firm had revenue of $814.50 million during the quarter, compared to the consensus estimate of $800.13 million. DIGITAL RLTY TR/SH had a net margin of 10.95% and a return on equity of 3.27%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 earnings per share. Equities analysts forecast that DIGITAL RLTY TR/SH will post 6.67 earnings per share for the current fiscal year.

In other news, insider Edward F. Sham sold 11,400 shares of DIGITAL RLTY TR/SH stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $122.00, for a total transaction of $1,390,800.00. Following the completion of the transaction, the insider now directly owns 15,738 shares in the company, valued at $1,920,036. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin Kennedy sold 400 shares of DIGITAL RLTY TR/SH stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $117.25, for a total transaction of $46,900.00. Following the transaction, the director now owns 400 shares of the company’s stock, valued at $46,900. The disclosure for this sale can be found here. Insiders sold 29,333 shares of company stock valued at $3,537,128 over the last 90 days. Corporate insiders own 0.49% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA raised its position in DIGITAL RLTY TR/SH by 10.6% in the second quarter. Private Trust Co. NA now owns 10,007 shares of the real estate investment trust’s stock worth $1,178,000 after acquiring an additional 962 shares during the period. First Financial Bank Trust Division raised its position in DIGITAL RLTY TR/SH by 8.3% in the second quarter. First Financial Bank Trust Division now owns 34,047 shares of the real estate investment trust’s stock worth $4,010,000 after acquiring an additional 2,610 shares during the period. Cox Capital Mgt LLC bought a new stake in DIGITAL RLTY TR/SH in the second quarter worth about $1,069,000. Amundi Pioneer Asset Management Inc. raised its position in DIGITAL RLTY TR/SH by 48.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 592,090 shares of the real estate investment trust’s stock worth $70,459,000 after acquiring an additional 193,197 shares during the period. Finally, FMR LLC raised its position in DIGITAL RLTY TR/SH by 3.1% in the first quarter. FMR LLC now owns 4,123,291 shares of the real estate investment trust’s stock worth $490,672,000 after acquiring an additional 122,913 shares during the period. 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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