Digital Realty Trust (DLR) Upgraded by Wells Fargo & Company to “Outperform”

Digital Realty Trust (NYSE:DLR) was upgraded by stock analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday.

DLR has been the topic of several other reports. Deutsche Bank raised their price objective on shares of Digital Realty Trust from $111.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Barclays reissued a “buy” rating and set a $132.00 price objective on shares of Digital Realty Trust in a research report on Friday, September 8th. William Blair initiated coverage on shares of Digital Realty Trust in a research report on Friday, September 22nd. They set a “market perform” rating on the stock. Finally, Citigroup reissued a “neutral” rating and set a $127.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, September 26th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Digital Realty Trust presently has a consensus rating of “Hold” and an average price target of $125.07.

Digital Realty Trust (NYSE DLR) opened at $109.31 on Friday. Digital Realty Trust has a 52-week low of $94.62 and a 52-week high of $127.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market cap of $22,460.00, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 2.77 and a beta of -0.10.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The company had revenue of $609.90 million for the quarter, compared to the consensus estimate of $595.49 million. During the same period last year, the firm posted $1.44 EPS. Digital Realty Trust’s revenue for the quarter was up 11.6% on a year-over-year basis. equities analysts anticipate that Digital Realty Trust will post 6.1 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Amica Retiree Medical Trust acquired a new stake in shares of Digital Realty Trust in the 3rd quarter worth $102,000. Grove Bank & Trust lifted its stake in shares of Digital Realty Trust by 1,284.6% in the 3rd quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 835 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Digital Realty Trust by 50.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 328 shares during the period. Parallel Advisors LLC lifted its stake in shares of Digital Realty Trust by 18.0% in the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 148 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Digital Realty Trust by 4,984.2% in the third quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 947 shares during the period. Institutional investors own 98.31% of the company’s stock.

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About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

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