DIGITAL RLTY TR/SH (DLR) Given New $126.00 Price Target at Citigroup

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DIGITAL RLTY TR/SH (NYSE:DLR) had its target price reduced by Citigroup from $131.00 to $126.00 in a research report report published on Tuesday. They currently have a buy rating on the real estate investment trust’s stock.

DLR has been the subject of several other reports. Jefferies Financial Group reissued a hold rating and set a $125.00 price objective on shares of DIGITAL RLTY TR/SH in a research note on Friday, July 27th. BMO Capital Markets assumed coverage on shares of DIGITAL RLTY TR/SH in a research note on Tuesday, July 17th. They set a market perform rating and a $120.00 price objective for the company. Zacks Investment Research raised shares of DIGITAL RLTY TR/SH from a hold rating to a buy rating and set a $137.00 price objective for the company in a research note on Wednesday, August 8th. Stifel Nicolaus assumed coverage on shares of DIGITAL RLTY TR/SH in a research note on Tuesday, July 17th. They set a buy rating and a $128.00 price objective for the company. Finally, Guggenheim raised shares of DIGITAL RLTY TR/SH from a neutral rating to a buy rating and set a $125.00 price objective for the company in a research note on Monday, October 22nd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. DIGITAL RLTY TR/SH presently has an average rating of Buy and a consensus price target of $126.06.

DLR stock traded up $0.22 during midday trading on Tuesday, hitting $111.42. The stock had a trading volume of 3,498 shares, compared to its average volume of 2,008,554. The stock has a market capitalization of $22.17 billion, a P/E ratio of 18.06, a PEG ratio of 2.36 and a beta of 0.41. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.30 and a current ratio of 0.34. DIGITAL RLTY TR/SH has a 12-month low of $96.56 and a 12-month high of $125.10.

DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($1.29). DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. The company had revenue of $768.92 million for the quarter, compared to analysts’ expectations of $773.08 million. Research analysts forecast that DIGITAL RLTY TR/SH will post 6.6 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Centaurus Financial Inc. acquired a new position in shares of DIGITAL RLTY TR/SH during the 2nd quarter valued at $103,000. Winslow Evans & Crocker Inc. lifted its holdings in shares of DIGITAL RLTY TR/SH by 105.5% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,118 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 574 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of DIGITAL RLTY TR/SH by 378.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,200 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 949 shares in the last quarter. NEXT Financial Group Inc acquired a new position in DIGITAL RLTY TR/SH in the 3rd quarter worth $156,000. Finally, TRUE Private Wealth Advisors acquired a new position in DIGITAL RLTY TR/SH in the 3rd quarter worth $176,000. Institutional investors and hedge funds own 98.28% 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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