Digital Realty Trust (NYSE:DLR) : 14 analysts are covering Digital Realty Trust (NYSE:DLR) and their average rating on the stock is 1.93, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Digital Realty Trust (NYSE:DLR) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Digital Realty Trust (NYSE:DLR) : The consensus price target for Digital Realty Trust (NYSE:DLR) is $97.82 for the short term with a standard deviation of $11.47. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $110, however, the pessimist price target for the company is $73.
For the current week, the company shares have a recommendation consensus of Buy. Also, Wells Fargo initiates coverage on Digital Realty Trust (NYSE:DLR). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on June 1, 2016.
Digital Realty Trust (NYSE:DLR): stock turned positive on Tuesday. Though the stock opened at $104.75, the bulls momentum made the stock top out at $107.07 level for the day. The stock recorded a low of $104.51 and closed the trading day at $106.64, in the green by 2.42%. The total traded volume for the day was 2,277,199. The stock had closed at $104.12 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Geoghegan Bernard, officer (Managing Director, EMEA & APAC) of Digital Realty Trust, Inc., had unloaded 586 shares at an average price of $90.7 in a transaction dated on May 4, 2016. The total value of the transaction was worth $53,150.
Digital Realty Trust, Inc. is a real estate investment trust (REIT) that owns, acquires, develops and manages technology-related real estate. The Companys services include implementation services, remote hands services, data center infrastructure management (DCIM), client services and digital realty partner network. The Company is a sole general partner of Digital Realty Trust, L.P. As of December 31, 2014, Digital Realty Trust, Inc. owned 97.8% common general partnership interest in Digital Realty Trust, L.P. The remaining 2.2% common limited partnership interests are owned by non-affiliated investors and certain directors and officers of Digital Realty Trust, Inc. The Company focuses on strategically located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users, including the information technology (IT) departments of Fortune 100 and financial services companies.