The stock of Digital Realty Trust, Inc. (NYSE:DLR) is a huge mover today! Digital Realty Trust, Inc. (NYSE:DLR) has risen 10.40% since March 3, 2016 and is uptrending. It has outperformed by 2.06% the S&P500.
The move comes after 7 months positive chart setup for the $13.34B company. It was reported on Oct, 6 by Barchart.com. We have $140.97 PT which if reached, will make NYSE:DLR worth $7.34B more.
Analysts await Digital Realty Trust, Inc. (NYSE:DLR) to report earnings on November, 3. They expect $1.43 earnings per share, up 11.72% or $0.15 from last year’s $1.28 per share. DLR’s profit will be $209.74M for 15.90 P/E if the $1.43 EPS becomes a reality. After $1.42 actual earnings per share reported by Digital Realty Trust, Inc. for the previous quarter, Wall Street now forecasts 0.70% EPS growth.
Digital Realty Trust, Inc. (NYSE:DLR) Ratings Coverage
Out of 15 analysts covering Digital Realty Trust (NYSE:DLR), 7 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 47% are positive. Digital Realty Trust has been the topic of 32 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Digital Realty Trust, Inc. (NYSE:DLR) earned “Outperform” rating by RBC Capital Markets on Friday, May 13. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, November 2. Jefferies upgraded Digital Realty Trust, Inc. (NYSE:DLR) on Tuesday, January 12 to “Buy” rating. The stock has “Underweight” rating given by BB&T Capital on Thursday, November 12. Barclays Capital maintained it with “Overweight” rating and $118 target price in Tuesday, July 19 report. As per Friday, April 29, the company rating was maintained by Canaccord Genuity. The firm has “Overweight” rating given on Monday, November 9 by Barclays Capital. JP Morgan initiated the shares of DLR in a report on Tuesday, December 22 with “Neutral” rating. The stock of Digital Realty Trust, Inc. (NYSE:DLR) earned “Overweight” rating by Barclays Capital on Friday, August 12. The stock has “Hold” rating given by Jefferies on Tuesday, July 19.
According to Zacks Investment Research, “Digital Realty Trust owns, acquires, repositions and manages technology-related real estate. The Company’s properties contain applications and operations critical to the day-to-day operations of technology industry tenants.”
Insitutional Activity: The institutional sentiment increased to 1.49 in 2016 Q2. Its up 0.40, from 1.09 in 2016Q1. The ratio improved, as 37 funds sold all Digital Realty Trust, Inc. shares owned while 134 reduced positions. 91 funds bought stakes while 164 increased positions. They now own 164.77 million shares or 9.23% more from 150.84 million shares in 2016Q1.
Capital One National Association holds 0.25% of its portfolio in Digital Realty Trust, Inc. (NYSE:DLR) for 27,506 shares. Synovus Corporation last reported 1,050 shares in the company. Morgan Stanley holds 0.02% or 594,547 shares in its portfolio. Moreover, Barclays Plc has 0.02% invested in Digital Realty Trust, Inc. (NYSE:DLR) for 150,261 shares. Wetherby Asset accumulated 0.06% or 2,297 shares. Spirit Of America Mgmt Ny has 65,130 shares for 1.04% of their US portfolio. Bank & Trust owns 3,725 shares or 0.06% of their US portfolio. Taylor Frigon Capital Management Lc last reported 1.08% of its portfolio in the stock. Ladenburg Thalmann Financial has 0.03% invested in the company for 19,261 shares. Pacific Heights Asset Mgmt Limited last reported 4.47% of its portfolio in the stock. Tru Of Vermont, a Vermont-based fund reported 6,557 shares. Arrow Corporation has 500 shares for 0.01% of their US portfolio. The Washington-based Cornerstone Advsrs has invested 0.01% in Digital Realty Trust, Inc. (NYSE:DLR). Suntrust Banks Incorporated holds 0.11% or 169,262 shares in its portfolio. Gulf Bank (Uk) Ltd holds 44,756 shares or 0.08% of its portfolio.
Insider Transactions: Since May 3, 2016, the stock had 0 buys, and 4 insider sales for $3.26 million net activity. Another trade for 14,701 shares valued at $1.36 million was sold by SHAM EDWARD F. $53,148 worth of Digital Realty Trust, Inc. (NYSE:DLR) was sold by Geoghegan Bernard on Wednesday, May 4. Another trade for 16,017 shares valued at $1.43M was made by Stein A William on Tuesday, May 3. $416,742 worth of Digital Realty Trust, Inc. (NYSE:DLR) was sold by Mills Joshua A. on Friday, September 16.
More recent Digital Realty Trust, Inc. (NYSE:DLR) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Redwood Trust, Digital Realty Trust and United Community …” on September 09, 2016. Also Forbes.com published the news titled: “Oversold Conditions For Digital Realty Trust (DLR)” on September 13, 2016. Forbes.com‘s news article titled: “Digital Realty Trust’s Series H Preferred Stock Shares Cross 6.5% Yield Mark” with publication date: September 13, 2016 was also an interesting one.
DLR Company Profile
Digital Realty Trust, Inc., incorporated on March 9, 2004, is a real estate investment trust (REIT). The Firm owns, acquires, develops and manages technology-related real estate. The Firm 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. The Company’s portfolio consists of approximately 140 operating properties, including over eight Telx properties (of which approximately two properties are owned and over six properties are leased from third parties) and over 10 properties held as investments in unconsolidated joint ventures. The Company’s approximately 110 properties are located throughout North America, over 20 are located in Europe, approximately three are located in Australia and over three are located in Asia. The Firm owns over 98.1% common general partnership interest in Digital Realty Trust, L.P.
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