Digital Realty Trust, Inc. (NYSE:DLR) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a note issued to investors on Monday, The Fly reports. The analysts noted that the move was a valuation call.
Shares of Digital Realty Trust (NYSE:DLR) opened at 88.44 on Monday. The company’s 50-day moving average price is $81.84 and its 200 day moving average price is $73.81. The company has a market cap of $12.95 billion and a PE ratio of 56.69. Digital Realty Trust has a one year low of $60.66 and a one year high of $88.71.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 25th. The real estate investment trust reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $1.28 by $0.49. The firm had revenue of $500.44 million for the quarter, compared to analyst estimates of $494.25 million. During the same period in the prior year, the company earned $1.26 earnings per share. The business’s revenue was up 21.4% compared to the same quarter last year. Equities analysts forecast that Digital Realty Trust will post $5.53 EPS for the current fiscal year.
Source: Sleek Money