Stifel Nicolaus Reiterates “Buy” Rating for Digital Realty Trust (NYSE:DLR)

Digital Realty Trust (NYSE:DLR)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a note issued to investors on Friday, Benzinga reports. They currently have a $195.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $185.00. Stifel Nicolaus’ price objective would indicate a potential upside of 7.73% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Barclays lifted their price target on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. The Goldman Sachs Group started coverage on Digital Realty Trust in a research note on Monday, July 1st. They set a “buy” rating and a $175.00 target price on the stock. Mizuho began coverage on Digital Realty Trust in a research note on Thursday, July 11th. They set an “outperform” rating and a $170.00 price target for the company. TD Cowen cut their price objective on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Finally, Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $165.21.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $181.01 on Friday. The firm has a fifty day simple moving average of $157.70 and a two-hundred day simple moving average of $150.67. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust has a 52 week low of $116.73 and a 52 week high of $193.88. The stock has a market capitalization of $56.55 billion, a P/E ratio of 50.28, a PEG ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned $1.68 earnings per share. Digital Realty Trust’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts expect that Digital Realty Trust will post 6.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the transaction, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in Digital Realty Trust during the second quarter valued at approximately $25,000. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $27,000. Private Ocean LLC acquired a new stake in shares of Digital Realty Trust in the 2nd quarter worth $27,000. Gradient Investments LLC grew its stake in Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares during the last quarter. Finally, Adirondack Trust Co. increased its position in Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.