SunTrust Robinson Humphrey Initiates Coverage on Digital Realty Trust to Buy

SunTrust Robinson Humphrey Initiates Coverage on Digital Realty Trust(NYSE:DLR). The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Jul 21, 2016.

In a different note, On Jul 7, 2016, Citigroup said it Maintains its rating on Digital Realty Trust. In the research note, the firm Raises the price-target to $91.00 per share. The shares have been rated ‘Neutral’ by the firm. Wells Fargo said it Initiates Coverage on Digital Realty Trust, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Outperform’ by the firm.

Digital Realty Trust (DLR) shares turned negative on Wednesdays trading session with the shares closing down -1.12 points or -1.06% at a volume of 15,89,505. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $106.499. The peak price level was also seen at $106.499 while the days lowest was $103.81. Finally the shares closed at $104.88. The 52-week high of the shares is $113.21 while the 52-week low is $60.66. According to the latest information available, the market cap of the company is $15,399 M.

Digital Realty Trust(DLR) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $504.20M. Analysts had an estimated revenue of $515.08M. Earnings per share were $1.42. Analysts had estimated an EPS of $1.33.

Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, Edward F Sham (Sr. Vice President, Controller) purchased 113 shares at $63.68 per share price.Also, On May 6, 2016, Bernard Geoghegan (Managing Director, EMEA & APAC) sold 586 shares at $90.70 per share price.On May 6, 2016, A William Stein (Chief Executive Officer) sold 16,017 shares at $89.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Digital Realty Trust Inc. is a real estate investment trust (REIT) that owns acquires develops and manages technology-related real estate. The Company’s 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.

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