Investors are feeling more bullish on the company lately if you take into consideration the motion in short interest. The firm realized a fall in short interest of -17.49% as of October 31, 2017 from the last reporting period. Short shares fell from 9,194,787 to 7,586,879 over that timeframe. The short-interest ratio decreased to 6.0 and the percentage of shorted shares is 0.04% as of October 31.
The following firms have recently changed their position in DLR. Tredje Ap-fonden cut its ownership by shedding 810 shares a decrease of 19.8% as of 09/30/2017. Tredje Ap-fonden currently owns 3,280 shares worth $388,000. The total value of its holdings decreased 16.7%. As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired a total of 4,771 shares growing its holdings by 40.2%. The value of the investment in (DLR) increased from $1,341,000 to $1,969,000 a change of $628,000 since the last quarter.
Baird Financial Group, Inc. downsized its investment by selling 1,129 shares a decrease of 1.5% in the quarter. Baird Financial Group, Inc. claims 73,550 shares valued at $8,703,000. The value of the position overall is up by 3.2%. Raymond James & Associates augmented its position by buying 19,367 shares an increase of 16.0%. Raymond James & Associates now holds 140,681 shares with a value of $16,647,000. The total value of its holdings increased 21.5%.
On October 29 analysts at KeyCorp issued a report on DLR stating a rating of “Buy” and a price target of $130.00. Deutsche Bank AG raised the price target on October 26 changing the forecast from $111.00 to $130.00 and stated a “Hold” rating.
October 24 investment analysts at Jefferies Group LLC left the company rating at “Hold” with a current price target of $120.00. On October 12 SunTrust Banks made no change to the stock rating of “Buy” targeting a price of $140.00.
October 10 investment analysts at Robert W. Baird maintained a stock rating of “Neutral” projecting a price of $121.00. Equity analyst Royal Bank Of Canada raised the price target on October 4 changing the price objective from $127.00 to $133.00 and issued a “Outperform” recommendation.
The company is so far trading down from yesterday’s close of 122.74. The P/E ratio is 97.97 and market capitalization is 24.79B. In the last earnings report the EPS was $1.23 with 205.43M shares currently outstanding.
Digital Realty Trust, Inc., launched on March 9, 2004, is a real estate investment trust (REIT). The Company is involved in the business of owning, acquiring, developing and operating data centers. It 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. As of December 31, 2016, its portfolio consisted of 145 operating properties, including 14 properties held as investments in unconsolidated joint ventures, of which 104 are located throughout the United States, 32 are located in Europe, four are located in Asia, three are located in Australia and two are located in Canada..