Digital Realty Trust, Inc. (DLR) Now Covered by William Blair

Research analysts at William Blair began coverage on shares of Digital Realty Trust, Inc. (NYSE:DLR) in a research note issued on Friday. The brokerage set a “market perform” rating on the real estate investment trust’s stock.

DLR has been the topic of a number of other reports. Macquarie restated a “neutral” rating and set a $105.00 price target on shares of Digital Realty Trust in a research report on Tuesday, July 4th. Canaccord Genuity restated a “buy” rating and set a $127.00 price target on shares of Digital Realty Trust in a research report on Friday, August 18th. BidaskClub upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Monday, July 17th. Finally, Stifel Nicolaus restated a “hold” rating and set a $117.00 price target on shares of Digital Realty Trust in a research report on Thursday, September 14th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $120.00.

Shares of Digital Realty Trust (NYSE:DLR) traded down 0.45% on Friday, reaching $115.71. 369,797 shares of the company’s stock traded hands. The company has a 50 day moving average price of $117.53 and a 200 day moving average price of $113.45. The firm has a market capitalization of $18.77 billion, a price-to-earnings ratio of 47.00 and a beta of -0.01. Digital Realty Trust has a 52 week low of $85.63 and a 52 week high of $127.23.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The company had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. During the same period in the previous year, the firm earned $1.42 EPS. Digital Realty Trust’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts predict that Digital Realty Trust will post $1.55 earnings per share for the current fiscal year.

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In other news, insider Christopher Sharp sold 25,733 shares of Digital Realty Trust stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total value of $2,996,350.52. Following the transaction, the insider now directly owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William G. Laperch bought 1,200 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the director now owns 1,200 shares of the company’s stock, valued at $30,000. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in DLR. BlackRock Inc. increased its position in shares of Digital Realty Trust by 2,651.9% in the first quarter. BlackRock Inc. now owns 15,147,324 shares of the real estate investment trust’s stock worth $1,611,523,000 after acquiring an additional 14,596,894 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Digital Realty Trust by 171.5% in the second quarter. Principal Financial Group Inc. now owns 1,645,291 shares of the real estate investment trust’s stock worth $185,835,000 after acquiring an additional 1,039,244 shares in the last quarter. Capital International Investors increased its position in shares of Digital Realty Trust by 253.1% in the second quarter. Capital International Investors now owns 1,352,500 shares of the real estate investment trust’s stock worth $152,765,000 after acquiring an additional 969,500 shares in the last quarter. Uniplan Investment Counsel Inc. purchased a new position in shares of Digital Realty Trust in the second quarter worth approximately $32,118,000. Finally, Janus Henderson Group PLC increased its position in shares of Digital Realty Trust by 4,790.7% in the second quarter. Janus Henderson Group PLC now owns 911,379 shares of the real estate investment trust’s stock worth $102,941,000 after acquiring an additional 892,744 shares in the last quarter.

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.

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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