DIGITAL RLTY TR/SH (NYSE:DLR) Receives “Hold” Rating from BMO Capital Markets

DIGITAL RLTY TR/SH (NYSE:DLR)‘s stock had its “hold” rating restated by investment analysts at BMO Capital Markets in a research note issued to investors on Monday, AnalystRatings.com reports. They currently have a $132.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ target price points to a potential upside of 11.51% from the stock’s current price.

A number of other brokerages have also commented on DLR. SunTrust Banks upped their price objective on shares of DIGITAL RLTY TR/SH from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Friday. Guggenheim downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $127.00 to $132.00 in a research report on Wednesday, September 11th. Morgan Stanley lowered DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and boosted their price target for the company from $118.00 to $122.00 in a research note on Thursday, September 19th. Barclays set a $162.00 price target on DIGITAL RLTY TR/SH and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Argus reduced their price objective on DIGITAL RLTY TR/SH from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $130.50.

Shares of NYSE DLR opened at $118.37 on Monday. The business’s 50-day simple moving average is $123.82 and its 200-day simple moving average is $122.24. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.33 and a current ratio of 0.33. DIGITAL RLTY TR/SH has a 52 week low of $100.05 and a 52 week high of $136.32. The firm has a market cap of $24.71 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 2.58 and a beta of 0.35.

DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. The business had revenue of $806.50 million for the quarter, compared to the consensus estimate of $814.47 million. DIGITAL RLTY TR/SH had a net margin of 9.22% and a return on equity of 2.69%. DIGITAL RLTY TR/SH’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.33 earnings per share. As a group, equities research analysts forecast that DIGITAL RLTY TR/SH will post 6.61 earnings per share for the current year.

In related news, Director Kevin Kennedy sold 400 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $116.56, for a total value of $46,624.00. Following the sale, the director now directly owns 400 shares in the company, valued at approximately $46,624. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew Power sold 16,087 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $120.05, for a total transaction of $1,931,244.35. Following the completion of the sale, the chief financial officer now owns 16,087 shares in the company, valued at $1,931,244.35. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Nuveen Asset Management LLC grew its stake in DIGITAL RLTY TR/SH by 136.8% in the second quarter. Nuveen Asset Management LLC now owns 2,766,779 shares of the real estate investment trust’s stock valued at $325,899,000 after acquiring an additional 1,598,434 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of DIGITAL RLTY TR/SH by 45.3% in the second quarter. UBS Asset Management Americas Inc. now owns 1,729,360 shares of the real estate investment trust’s stock valued at $203,701,000 after buying an additional 538,922 shares during the period. Parnassus Investments CA boosted its holdings in shares of DIGITAL RLTY TR/SH by 16.8% in the third quarter. Parnassus Investments CA now owns 3,572,590 shares of the real estate investment trust’s stock valued at $463,758,000 after buying an additional 513,401 shares during the period. Pictet Asset Management Ltd. increased its position in shares of DIGITAL RLTY TR/SH by 71.6% during the second quarter. Pictet Asset Management Ltd. now owns 1,088,152 shares of the real estate investment trust’s stock worth $128,173,000 after acquiring an additional 454,100 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of DIGITAL RLTY TR/SH by 25.1% during the second quarter. Bank of New York Mellon Corp now owns 2,139,551 shares of the real estate investment trust’s stock worth $252,019,000 after acquiring an additional 428,946 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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Analyst Recommendations for DIGITAL RLTY TR/SH (NYSE:DLR)

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