Research analysts at Robert W. Baird increased their price target on shares of Digital Realty Trust (NYSE:DLR) from $53.00 to $56.00 in a report released on Monday. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target points to a potential downside of 4.79% from the company’s current price.
DLR has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Digital Realty Trust in a research note on Wednesday, May 7th. They now have a $56.00 price target on the stock, up previously from $54.00. Separately, analysts at Barclays raised their price target on shares of Digital Realty Trust from $58.00 to $59.00 in a research note on Tuesday, April 22nd. They now have an “overweight” rating on the stock. Finally, analysts at Cowen and Company initiated coverage on shares of Digital Realty Trust in a research note on Friday, April 4th. They set an “underperform” rating and a $40.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Digital Realty Trust currently has an average rating of “Hold” and a consensus price target of $57.95.
Digital Realty Trust (NYSE:DLR) opened at 58.82 on Monday. Digital Realty Trust has a one year low of $43.04 and a one year high of $65.43. The stock’s 50-day moving average is $54.62 and its 200-day moving average is $51.18. The company has a market cap of $7.961 billion and a P/E ratio of 28.97.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.10. The company had revenue of $391.00 million for the quarter, compared to the consensus estimate of $387.17 million. During the same quarter in the prior year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Digital Realty Trust will post $4.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 5.64%. The ex-dividend date is Wednesday, June 11th.
Digital Realty Trust, Inc is a real estate investment trust (NYSE:DLR).
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