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Digital Realty Trust Inc. (NYSE:DLR) stock price target increased to $120.00, issued a research note today by Bank of America (Merrill Lynch)

Boasting a price of $96.84, Digital Realty Trust Inc. (NYSE:DLR) traded -0.90% lower on the day. With the last stock price close down -0.29% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Digital Realty Trust Inc. has recorded a 50-day average of $98.33 and a two hundred day average of $97.40. Volume of trade was up over the average, with 2,945,806 shares of DLR changing hands over the typical 1,820,670

In a report released on Wednesday September 28, 2016 Bank of America (Merrill Lynch) raised the target price of Digital Realty Trust Inc. (NYSE:DLR) to $120.00 stating a potential upside of 0.24%.

On 08/12/2016, Barclays released a statement for Digital Realty Trust Inc. (NYSE:DLR) bumped up the target price from $118.00 to $126.00 that suggested an upside of 0.24%.

Performance Chart

Digital Realty Trust Inc. (NYSE:DLR)

With a total market value of $0, Digital Realty Trust Inc. has price-earnings ratio of 215.82 with a one year low of $64.98 and a one year high of $113.21 .

A total of 17 equity analysts have released a ratings update on DLR. Four equity analysts rating the company a strong buy, six equity analysts rating the company a buy, seven equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $97.53.

Brief Synopsis About Digital Realty Trust Inc. (NYSE:DLR)

Digital Realty Trust, Inc. is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. 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. The Company's types of properties within its portfolio include corporate data centers; Internet gateway data centers, which serve as hubs for Internet and data communications within and between metropolitan areas, and office and other non-data center space. The Company's portfolio consists of approximately 140 operating properties. The Company owns approximately 98.1% common general partnership interest in Digital Realty Trust, L.P.

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