DIGITAL RLTY TR/SH (NYSE:DLR) has earned an average rating of “Buy” from the eighteen research firms that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $125.17.
A number of equities analysts have recently weighed in on the company. Barclays lowered their target price on DIGITAL RLTY TR/SH from $132.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 3rd. TheStreet lowered DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a research report on Wednesday, February 6th. Guggenheim raised DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Monday, October 22nd. Royal Bank of Canada lowered their target price on DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $115.00 target price on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, February 6th.
Shares of DIGITAL RLTY TR/SH stock traded up $0.58 on Wednesday, reaching $112.19. 1,225,900 shares of the company’s stock were exchanged, compared to its average volume of 1,587,567. The stock has a market capitalization of $23.02 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 2.40 and a beta of 0.49. DIGITAL RLTY TR/SH has a 52 week low of $96.56 and a 52 week high of $125.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.34 and a current ratio of 0.31.
In related news, insider Christopher Sharp sold 7,871 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $116.00, for a total value of $913,036.00. Following the completion of the sale, the insider now directly owns 8,933 shares of the company’s stock, valued at approximately $1,036,228. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin Kennedy sold 400 shares of the stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $114.51, for a total value of $45,804.00. Following the completion of the sale, the director now directly owns 400 shares of the company’s stock, valued at $45,804. The disclosure for this sale can be found here. Insiders sold a total of 8,671 shares of company stock valued at $1,002,892 over the last three months. 0.43% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JOYN Advisors Inc. grew its stake in DIGITAL RLTY TR/SH by 13.7% in the 4th quarter. JOYN Advisors Inc. now owns 754 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 91 shares during the period. Bessemer Group Inc. grew its stake in DIGITAL RLTY TR/SH by 72.6% in the 4th quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 98 shares during the period. Parallel Advisors LLC grew its stake in DIGITAL RLTY TR/SH by 5.1% in the 4th quarter. Parallel Advisors LLC now owns 2,185 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 106 shares during the period. UMB Bank N A MO grew its stake in DIGITAL RLTY TR/SH by 0.8% in the 4th quarter. UMB Bank N A MO now owns 14,542 shares of the real estate investment trust’s stock valued at $1,549,000 after purchasing an additional 117 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in DIGITAL RLTY TR/SH by 22.6% in the 4th quarter. Quadrant Capital Group LLC now owns 786 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 145 shares during the period. 99.17% of the stock is owned by institutional investors and hedge funds.
About DIGITAL RLTY TR/SH
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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