Credit Suisse Group set a $130.00 price objective on DIGITAL RLTY TR/SH (NYSE:DLR) in a research report report published on Wednesday morning, MarketBeat reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.
DLR has been the subject of a number of other research reports. Jefferies Financial Group reissued a hold rating and set a $125.00 target price on shares of DIGITAL RLTY TR/SH in a report on Friday, July 27th. BMO Capital Markets started coverage on DIGITAL RLTY TR/SH in a report on Tuesday, July 17th. They issued a market perform rating and a $120.00 price target for the company. Stifel Nicolaus started coverage on DIGITAL RLTY TR/SH in a report on Tuesday, July 17th. They issued a buy rating and a $128.00 price target for the company. Barclays increased their price target on DIGITAL RLTY TR/SH from $133.00 to $134.00 and gave the company an overweight rating in a report on Thursday, May 3rd. Finally, ValuEngine cut DIGITAL RLTY TR/SH from a buy rating to a hold rating in a report on Thursday, April 12th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $127.28.
Shares of DIGITAL RLTY TR/SH stock traded down $0.86 during mid-day trading on Wednesday, reaching $120.96. 1,029,116 shares of the stock traded hands, compared to its average volume of 1,196,088. DIGITAL RLTY TR/SH has a fifty-two week low of $96.56 and a fifty-two week high of $127.23. The stock has a market capitalization of $25.11 billion, a P/E ratio of 19.70, a PEG ratio of 2.68 and a beta of 0.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.30 and a quick ratio of 0.33.
In related news, SVP Joshua A. Mills sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 26th. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the transaction, the senior vice president now directly owns 9,166 shares in the company, valued at $1,008,260. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joshua A. Mills sold 2,500 shares of the stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $112.50, for a total value of $281,250.00. Following the completion of the transaction, the senior vice president now owns 6,666 shares of the company’s stock, valued at $749,925. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,435 shares of company stock valued at $2,318,775. Insiders own 0.43% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Assetmark Inc. grew its position in DIGITAL RLTY TR/SH by 54.6% in the first quarter. Assetmark Inc. now owns 1,744 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 616 shares during the period. Jacobi Capital Management LLC grew its position in DIGITAL RLTY TR/SH by 479.0% in the first quarter. Jacobi Capital Management LLC now owns 1,795 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 1,485 shares during the period. Synovus Financial Corp purchased a new position in DIGITAL RLTY TR/SH in the first quarter worth approximately $187,000. TLP Group LLC purchased a new position in DIGITAL RLTY TR/SH in the first quarter worth approximately $199,000. Finally, Lincoln National Corp purchased a new position in DIGITAL RLTY TR/SH in the second quarter worth approximately $216,000. Institutional investors own 98.54% 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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