Digital Realty Trust (NYSE:DLR)‘s stock had its “hold” rating reaffirmed by Deutsche Bank in a research note issued on Tuesday, ARN reports. They currently have a $66.00 price objective on the stock. Deutsche Bank’s price target suggests a potential upside of 16.34% from the stock’s previous close.
Shares of Digital Realty Trust (NYSE:DLR) traded down 2.50% during mid-day trading on Tuesday, hitting $55.31. Digital Realty Trust has a 52 week low of $56.02 and a 52 week high of $79.00. The stock’s 50-day moving average is currently $60.85. The company has a market cap of $7.103 billion and a P/E ratio of 39.64.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Friday, July 26th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.04. The company had revenue of $363.50 million for the quarter, compared to the consensus estimate of $366.31 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. Digital Realty Trust has set its FY13 guidance at $4.74-4.83 EPS. On average, analysts predict that Digital Realty Trust will post $4.78 earnings per share for the current fiscal year.
A number of other firms have also recently commented on DLR. Analysts at Raymond James cut their price target on shares of Digital Realty Trust from $78.00 to $74.00 in a research note to investors on Monday. They now have a “strong-buy” rating on the stock. Separately, analysts at Evercore Partners cut their price target on shares of Digital Realty Trust from $79.00 to $74.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Finally, analysts at MLV Capital cut their price target on shares of Digital Realty Trust from $77.00 to $72.00 in a research note to investors on Monday. They now have a “buy” rating on the stock.
Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $71.64.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 5.50%.
Digital Realty Trust, Inc is a real estate investment trust (NYSE:DLR).