DIGITAL RLTY TR/SH (NYSE:DLR) was upgraded by stock analysts at KeyCorp to a "buy" rating in a research report issued on Friday, TipRanks reports. KeyCorp also issued estimates for DIGITAL RLTY TR/SH's FY2020 earnings at $6.18 EPS and FY2021 earnings at $6.54 EPS.
A number of other brokerages have also weighed in on DLR. Raymond James raised shares of DIGITAL RLTY TR/SH from a "market perform" rating to an "outperform" rating and set a $175.00 target price for the company in a research note on Friday. Morgan Stanley began coverage on shares of DIGITAL RLTY TR/SH in a research note on Wednesday, June 24th. They set an "equal weight" rating and a $141.00 price objective for the company. Citigroup downgraded shares of DIGITAL RLTY TR/SH from a "buy" rating to a "neutral" rating and set a $150.00 price objective for the company. in a research note on Monday, May 11th. Robert W. Baird downgraded shares of DIGITAL RLTY TR/SH from an "outperform" rating to a "neutral" rating and increased their price objective for the stock from $142.00 to $144.00 in a research note on Monday, April 13th. Finally, UBS Group increased their price objective on shares of DIGITAL RLTY TR/SH from $150.00 to $154.00 and gave the stock a "neutral" rating in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. DIGITAL RLTY TR/SH currently has an average rating of "Buy" and a consensus target price of $151.13.
Shares of NYSE DLR opened at $160.54 on Friday. The firm has a market cap of $42.59 billion, a PE ratio of 56.53, a PEG ratio of 3.87 and a beta of 0.19. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87. DIGITAL RLTY TR/SH has a 1-year low of $105.00 and a 1-year high of $165.49. The company has a fifty day moving average price of $144.39 and a 200 day moving average price of $137.01.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.20 earnings per share 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 analyst estimates of $931.10 million. DIGITAL RLTY TR/SH had a return on equity of 7.45% and a net margin of 20.57%. Equities research analysts forecast that DIGITAL RLTY TR/SH will post 6.04 EPS 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 value of $202,440.00. Following the transaction, the executive vice president now directly owns 5,612 shares of the company's stock, valued at approximately $785,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 completion of the transaction, the senior vice president now directly owns 1,606 shares in the company, valued at $232,452.44. The disclosure for this sale can be found here. Insiders sold a total of 87,249 shares of company stock valued at $13,113,723 over the last quarter. 0.61% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in DIGITAL RLTY TR/SH by 27.4% in the 1st quarter. BlackRock Inc. now owns 24,587,147 shares of the real estate investment trust's stock valued at $3,415,401,000 after acquiring an additional 5,285,137 shares during the period. State Street Corp raised its holdings in DIGITAL RLTY TR/SH by 26.4% in the 1st quarter. State Street Corp now owns 17,311,988 shares of the real estate investment trust's stock valued at $2,404,808,000 after acquiring an additional 3,611,583 shares during the period. Cohen & Steers Inc. raised its holdings in DIGITAL RLTY TR/SH by 21.1% in the 1st quarter. Cohen & Steers Inc. now owns 7,917,911 shares of the real estate investment trust's stock valued at $1,099,877,000 after acquiring an additional 1,379,997 shares during the period. Capital Research Global Investors raised its holdings in DIGITAL RLTY TR/SH by 41.0% in the 1st quarter. Capital Research Global Investors now owns 7,363,675 shares of the real estate investment trust's stock valued at $1,022,888,000 after acquiring an additional 2,141,699 shares during the period. Finally, Geode Capital Management LLC raised its holdings in DIGITAL RLTY TR/SH by 29.4% in the 1st quarter. Geode Capital Management LLC now owns 5,284,675 shares of the real estate investment trust's stock valued at $732,982,000 after acquiring an additional 1,200,919 shares during the period.
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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