KeyCorp Equities Analysts Decrease Earnings Estimates for Digital Realty Trust, Inc. (DLR)

Digital Realty Trust, Inc. (NYSE:DLR) – Equities researchers at KeyCorp reduced their Q1 2018 EPS estimates for shares of Digital Realty Trust in a research note issued on Thursday. KeyCorp analyst J. Sadler now forecasts that the real estate investment trust will post earnings of $1.59 per share for the quarter, down from their previous forecast of $1.60. KeyCorp has a “Buy” rating and a $130.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Credit Suisse Group set a $95.00 price objective on Digital Realty Trust and gave the stock a “hold” rating in a research report on Saturday. TheStreet upgraded Digital Realty Trust from a “c+” rating to a “b” rating in a research report on Thursday. Deutsche Bank lowered their price objective on Digital Realty Trust from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday. Citigroup upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $105.12 to $120.00 in a research report on Wednesday, February 14th. Finally, Barclays lowered their price objective on Digital Realty Trust from $139.00 to $136.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $122.19.

Shares of Digital Realty Trust (DLR) opened at $102.20 on Monday. The stock has a market capitalization of $21,000.00, a price-to-earnings ratio of 102.20, a price-to-earnings-growth ratio of 2.08 and a beta of -0.11. Digital Realty Trust has a 12-month low of $98.28 and a 12-month high of $127.23. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.85.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Digital Realty Trust by 1.2% in the fourth quarter. BlackRock Inc. now owns 20,182,465 shares of the real estate investment trust’s stock valued at $2,298,785,000 after acquiring an additional 238,690 shares during the last quarter. Cohen & Steers Inc. increased its stake in Digital Realty Trust by 100.4% in the third quarter. Cohen & Steers Inc. now owns 13,229,368 shares of the real estate investment trust’s stock valued at $1,565,431,000 after acquiring an additional 6,626,871 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Digital Realty Trust by 41.5% in the third quarter. Daiwa Securities Group Inc. now owns 6,474,187 shares of the real estate investment trust’s stock valued at $766,091,000 after acquiring an additional 1,897,642 shares during the last quarter. PGGM Investments increased its stake in Digital Realty Trust by 1.1% in the fourth quarter. PGGM Investments now owns 2,957,000 shares of the real estate investment trust’s stock valued at $336,802,000 after acquiring an additional 33,169 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Digital Realty Trust by 29.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,888,529 shares of the real estate investment trust’s stock valued at $341,788,000 after acquiring an additional 664,982 shares during the last quarter. 98.29% of the stock is currently owned by institutional investors and hedge funds.

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About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company 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.

Earnings History and Estimates for Digital Realty Trust (NYSE:DLR)

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