Digital Realty Trust Inc (NYSE:DLR) Rating Reaffirmed
Recently, In analysts note issued to investors and clients on Monday morning, Digital Realty Trust Inc (NYSE:DLR) shares have had their Overweight Rating reaffirmed by investment advisers at KeyBanc Capital Markets, who currently has a $80.00 TP on firm. This target by KeyBanc Capital Markets gives the possibile upside of 13.52% from the close price.
From a total of 17 analysts covering Digital Realty Trust (NYSE:DLR) stock, 7 rate it a ”Buy”, 2 a “Sell”, and 8 a ”Hold”. This means that 41% of the ratings are positive. The highest target price is $83 while the lowest target price is $61. The mean of all analyst targets is $75.29 with a 8.46% above today’s ($70.3) stock price. Digital Realty Trust was the topic of 13 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. BB&T Capital initiated shares on November 12 with “Underweight” rating. Raymond James downgraded DLR stock in a recent report from November 2 to “Market Perform” rating. Finally, Stifel Nicolaus maintained the stock with “Buy” rating in a report issued on an October 20.
Approximately 321,904 shares of stock traded hands. Digital Realty Trust, Inc. (NYSE:DLR) has risen 8.16% since May 11, 2015 and is uptrending. It has outperformed by 12.58% the S&P500.
The overall sentiment of institutions has increased to 1.41 in Q2 2015. Its up 0.44, from 0.97 in 2015Q2. The ratio increased, as 36 institutions have sold all the shares of Digital Realty Trust, Inc. that they owned while 116 funds have taken shares off the table. 56 funds have purchased shares for the first time while 159 added to their positions. These institutions now hold 155.85 million shares or 16.71% more than the 133.53 million shares they owned in 2015Q2.
The Fund Green Street Investors Llc currently is holding shares equating to 4.94% of its total portfolio in Digital Realty Trust, Inc. representing a total of 71,400 shares. Another fund,Bodri Capital Management Llc, is holding a total of 65,000 shares equating to 4.22% of their holdings. Additionally, Forum Securities Ltd has a 50,751 share stake in Digital Realty Trust, Inc. which represents 3.81% of their total portfolio. The Fund, Symons Capital Management Inc, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 2.88% of their total portfolio. Finally Osterweis Capital Management Inc, a fund which is based in the state of California reported a total holdings of 923,775 shares.
Digital Realty Trust, Inc. is a real estate investment trust that owns, acquires, develops and manages technology-related real estate. The company has a market cap of $10.25 billion. The Company’s services include implementation services, remote hands services, data center infrastructure management (DCIM), client services and digital realty partner network. It has 46.85 P/E ratio. The Firm is a sole general partner of Digital Realty Trust, L.P.
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.”