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DLR $178.13

DLR target price
178.13
0
175
Digital Realty Trust, Inc.
Type
Public company
Traded as NYSE: DLR
S&P 500 Index component
Industry Real estate investment trust
Founded 2004; 13 years ago (2004)
Headquarters San Francisco
Key people
DENNIS E. SINGLETON, Chairman
A. WILLIAM STEIN, CEO
ANDREW P. POWER, CFO
Products Data centers
Revenue Increase $900 million
Number of employees
1,345 (2016)
Website www.digitalrealty.com

Digital Realty Trust, Inc. is a real estate investment trust that invests in carrier-neutral data centers and provides colocation and peering services.

As of December 31, 2016, the company owned 132 operating data center facilities totaling 26.1 million rentable square feet, of which 104 were in the United States and 32 were in Europe. The properties are concentrated in New York State, Northern Virginia, London, United Kingdom, Dallas, Silicon Valley, and Chicago.

The company is a member of The Green Grid and has helped pioneer concepts of energy efficient and energy conserving data center design.

The company was formed in 2004 by GI Partners, which contributed 21 data centers that it acquired through bankruptcy auctions and from distressed companies at a 20–40% discount to replacement cost.

On November 4, 2004, the company became a public company via an initial public offering. At that time, the company owned 23 properties comprising 5.6 million square feet.

In August 2006, the company sold a building in Denver, Colorado to TIAA-CREF for $60.42 million. The company also acquired a property in Phoenix, Arizona for $175 million.

By March 2007, GI Partners had sold all of its shares in the company.

In January 2010, the company acquired 3 data centers in Massachusetts and Connecticut for $375 million.

In January 2012, the company acquired a 334,000 square foot data center near Hartsfield-Jackson Atlanta International Airport for $63 million in a leaseback transaction. The company also acquired a data center in San Francisco for $85 million.

In April 2013, the company acquired the data center of Delta Airlines in Eagan, Minnesota for $37 million in a leaseback transaction.

In July 2013, the company doubled capacity at its data center in Chandler, Arizona.

In May 2015, the company sold a building in Philadelphia for $161 million that it acquired in 2005 for $59 million.

In October 2015, the company acquired Telx for $1.886 billion.

In November 2015, the company acquired 125.9 acres of undeveloped land in Loudoun County, Virginia for $43 million and announced plans to build a 2 million square foot data center on the property.

In July 2016, the company acquired 8 data centers in Europe from Equinix for $874 million.

In March 2017, the company announced a $22 million expansion of its data center in Atlanta.

In 2017, the Supreme Court will hear a whistleblower case in which the company fired an employee who had complained internally about the elimination of supervisory controls and the hiding of cost over-runs. After he was fired, the employee sued the company, saying he was protected by whistleblower provisions in Dodd-Frank.

In September 2017, the company completed the acquisition of DuPont Fabros Technology.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2023-02-16 Future report Set alerts
Q3 2022 2022-10-26 0.75 0.75
Q2 2022 2022-07-28 0.19 0.19
Q1 2022 2022-04-28 0.22 0.22
Q4 2021 2022-02-17 3.71 3.71
Q3 2021 2021-10-26 0.44 0.44
Q2 2021 2021-07-29 0.45 0.45
Q1 2021 2021-04-29 1.32 1.32
Q4 2020 2021-02-11 0.16 0.16
Q3 2020 2020-10-29 -0.14 -0.14

Ratings

2016-07-07 Lower Price Target Citigroup Inc. Neutral $108.00 to $91.00
2016-07-06 Reiterated Rating Jefferies Group Buy $108.00
2016-05-31 Initiated Coverage Wells Fargo Outperform
2016-05-31 Initiated Coverage Wells Fargo & Co. Outperform
2016-05-24 Reiterated Rating Jefferies Group Buy $106.00 to $108.00
2016-05-18 Reiterated Rating Deutsche Bank Buy $102.00
2016-05-18 Reiterated Rating Deutsche Bank AG Buy $102.00
2016-05-13 Lower Price Target RBC Capital Outperform $105.00 to $89.00
2016-05-13 Lower Price Target Royal Bank Of Canada Outperform $105.00 to $89.00
2016-04-29 Reiterated Rating Jefferies Group Buy $106.00
2016-04-05 Boost Price Target KeyBanc Overweight $88.00 to $97.00
2016-04-05 Boost Price Target KeyCorp Overweight $88.00 to $97.00
2016-03-21 Downgrade Stifel Nicolaus Buy to Hold
2016-02-29 Boost Price Target RBC Capital Outperform $83.00 to $89.00
2016-02-29 Boost Price Target Stifel Nicolaus Buy $84.00 to $87.00
2016-02-26 Boost Price Target JPMorgan Chase & Co. Neutral $76.00 to $85.00
2016-01-17 Reiterated Rating Canaccord Genuity Buy $79.00
2016-01-12 Upgrade Jefferies Group Hold to Buy
2016-01-07 Boost Price Target Robert W. Baird Neutral $74.00 to $79.00
2016-01-05 Boost Price Target Deutsche Bank Buy $76.00 to $83.00
2015-12-28 Initiated Coverage JPMorgan Chase & Co. Hold
2015-12-28 Reiterated Rating Stifel Nicolaus Buy
2015-12-22 Reiterated Rating Stifel Nicolaus Buy $79.00 to $82.00
2015-12-22 Initiated Coverage JPMorgan Chase & Co. Neutral $76.00
2015-12-15 Reiterated Rating KeyBanc Buy
2015-12-14 Boost Price Target KeyBanc Overweight $75.00 to $80.00
2015-11-12 Initiated Coverage BB&T Corp. Underweight $79.00
2015-11-09 Boost Price Target Barclays Overweight $75.00 to $77.00
2015-11-09 Boost Price Target Barclays PLC Overweight $75.00 to $77.00
2015-11-02 Downgrade Raymond James Outperform to Market Perform $74.00
2015-11-02 Boost Price Target RBC Capital Outperform $73.00 to $83.00
2015-11-02 Downgrade Raymond James Financial Inc. Outperform to Market Perform $74.00
2015-10-26 Boost Price Target Jefferies Group Hold $70.00 to $73.00
2015-10-20 Reiterated Rating Cowen and Company Buy
2015-10-20 Boost Price Target Stifel Nicolaus Buy $76.00 to $79.00
2015-10-19 Boost Price Target Macquarie Neutral $67.00 to $69.00
2015-10-19 Boost Price Target Deutsche Bank $74.00 to $76.00
2015-10-19 Initiated Coverage Barclays Overweight $75.00
2015-10-08 Reiterated Rating Canaccord Genuity Buy $77.00
2015-10-07 Reiterated Rating Cowen and Company Buy $73.00
2015-09-29 Upgrade KeyBanc Sector Weight to Overweight $70.00
2015-09-03 Boost Price Target Macquarie $64.00 to $67.00
2015-09-03 Upgrade Raymond James Market Perform to Outperform
2015-08-13 Reiterated Rating Deutsche Bank Buy $74.00
2015-07-31 Reiterated Rating Deutsche Bank Buy $73.00 to $74.00
2015-07-23 Reiterated Rating Citigroup Inc. Neutral
2015-07-20 Boost Price Target Jefferies Group Hold $71.00
2015-07-15 Boost Price Target Macquarie Neutral $63.00 to $64.00
2015-07-15 Boost Price Target Stifel Nicolaus Buy $73.00 to $76.00
2015-07-13 Reiterated Rating Canaccord Genuity Buy $77.00
2015-06-28 Reiterated Rating Deutsche Bank Buy
2015-06-16 Upgrade Cantor Fitzgerald Sell to Hold $67.00
2015-06-15 Reiterated Rating Stifel Nicolaus Buy $73.00
2015-06-11 Upgrade Canaccord Genuity Hold to Buy $72.00 to $77.00
2015-06-11 Upgrade Cowen and Company Market Perform to Outperform $70.00 to $73.00
2015-06-10 Upgrade Macquarie Underperform to Neutral $63.00
2015-05-22 Reiterated Rating Deutsche Bank Buy $73.00
2015-05-06 Lower Price Target Deutsche Bank Buy $74.00 to $73.00
2015-05-04 Set Price Target Canaccord Genuity Hold $72.00
2015-04-24 Reiterated Rating Cowen and Company Market Perform
2015-04-20 Lower Price Target Barclays Overweight $77.00 to $75.00
2015-03-27 Initiated Coverage Goldman Sachs Neutral $65.00
2015-03-27 Initiated Coverage Goldman Sachs Group Inc. Neutral $65.00
2015-03-18 Reiterated Rating Deutsche Bank Buy $74.00
2015-03-02 Upgrade Stifel Nicolaus Hold to Buy $73.00
2015-02-17 Boost Price Target Canaccord Genuity Hold $68.00 to $72.00
2015-02-13 Lower Price Target Deutsche Bank Buy $75.00 to $74.00
2015-02-13 Reiterated Rating Cantor Fitzgerald Sell $61.00
2015-02-13 Reiterated Rating MLV & Co. Hold $69.00
2015-02-09 Set Price Target Canaccord Genuity Hold $68.00 to $72.00
2015-01-26 Boost Price Target Deutsche Bank Buy $71.00 to $75.00
2015-01-13 Reiterated Rating Canaccord Genuity Hold $68.00
2015-01-12 Downgrade Jefferies Group Buy to Hold $72.00 to $70.00
2015-01-05 Reiterated Rating MLV & Co. Hold $68.00
2014-11-12 Boost Price Target Canaccord Genuity Hold $62.00 to $68.00
2014-11-06 Reiterated Rating Citigroup Inc. Neutral $64.00 to $66.00
2014-11-03 Downgrade Cantor Fitzgerald Hold to Sell $57.50
2014-10-24 Upgrade Cowen and Company Underperform to Market Perform $49.00 to $61.00
2014-10-07 Reiterated Rating ING Group Market Perform $70.00
2014-09-12 Reiterated Rating Citigroup Inc. Neutral $53.00 to $64.00
2014-09-11 Reiterated Rating Deutsche Bank Buy $69.00
2014-09-10 Initiated Coverage Stifel Nicolaus Hold
2014-07-31 Boost Price Target Deutsche Bank $68.00 to $69.00
2014-07-31 Boost Price Target Cowen and Company $44.00 to $49.00
2014-07-30 Reiterated Rating Jefferies Group Buy $68.00 to $72.00
2014-07-30 Boost Price Target Evercore ISI $58.00 to $62.00
2014-07-30 Boost Price Target Canaccord Genuity Hold $60.00 to $62.00
2014-07-30 Boost Price Target MLV & Co. Hold $60.00 to $64.00
2014-07-28 Reiterated RBC Capital Mkts Outperform $62 to $70
2014-07-28 Boost Price Target RBC Capital Outperform $62.00 to $70.00
2014-07-22 Upgrade Deutsche Bank Hold to Buy $56.00 to $68.00
2014-07-21 Boost Price Target Barclays Overweight $62.00 to $64.00
2014-06-16 Upgrade Jefferies Group Hold to Buy $55.00 to $68.00
2014-05-29 Downgrade Cantor Fitzgerald Buy to Hold
2014-05-21 Downgrade MLV & Co Buy to Hold $59 to $60
2014-05-21 Downgrade Jefferies Group Buy to Hold $60.00 to $59.00
2014-05-21 Downgrade MLV & Co. Buy to Hold $59.00 to $60.00
2014-05-20 Boost Price Target Barclays Overweight $59.00 to $62.00
2014-05-19 Boost Price Target Robert W. Baird Neutral $53.00 to $56.00
2014-05-07 Reiterated Rating Deutsche Bank Hold $54.00 to $56.00
2014-04-22 Boost Price Target Barclays Overweight $58.00 to $59.00
2014-04-04 Initiated Coverage Cowen and Company Underperform $40.00
2014-04-03 Initiated Coverage Cowen and Company Underperform $40.00
2014-03-18 Reiterated Rating Morgan Stanley Positive
2014-02-27 Boost Price Target Jefferies Group $52.00 to $55.00
2014-02-26 Boost Price Target Canaccord Genuity Hold $58.00 to $60.00
2014-02-25 Reiterated Rating Morgan Stanley Overweight $73.00
2014-02-24 Downgrade Ned Davis Research Neutral to Sell
2014-02-12 Downgrade Morgan Stanley Overweight $73.00
2014-01-29 Downgrade Macquarie Neutral to Underperform $52.12 to $43.00
2013-12-04 Reiterated Rating Evercore ISI Equal Weight $56.00 to $50.00
2013-11-18 Downgrade Ned Davis Research Neutral to Sell
2013-11-11 Lower Price Target Jefferies Group Hold $60.00 to $50.00
2013-11-05 Lower Price Target Deutsche Bank Hold $66.00 to $52.00
2013-11-05 Lower Price Target Barclays Overweight $68.00 to $56.00
2013-11-04 Downgrade Robert W. Baird Outperform to Neutral $69.00 to $48.00
2013-11-01 Lower Price Target RBC Capital Outperform $73.00 to $62.00
2013-10-31 Lower Price Target MLV & Co. Buy $72.00 to $59.00
2013-10-31 Lower Price Target JMP Securities Market Outperform $66.00 to $60.00
2013-10-31 Lower Price Target Canaccord Genuity Hold $70.00 to $58.00
2013-10-31 Downgrade Stifel Nicolaus Buy to Hold $70.00
2013-10-30 Downgrade Raymond James Outperform to Market Perform $68.00
2013-10-30 Downgrade Evercore ISI Overweight to Equal Weight
2013-10-22 Lower Price Target Barclays Overweight $71.00 to $68.00
2013-10-11 Upgrade Cantor Fitzgerald Hold to Buy $64.00
2013-10-08 Lower Price Target Raymond James $74.00 to $68.00
2013-09-18 Reiterated Rating Deutsche Bank Hold $66.00
2013-09-18 Lower Price Target Jefferies Group Buy $72.00 to $65.00
2013-07-29 Reiterated MLV & Co Buy $77 to $72
2013-05-13 Upgrade MLV & Co Hold to Buy $67 to $77
2013-02-19 Reiterated MLV & Co Hold $70 to $66
2012-10-29 Reiterated Canaccord Genuity Hold $73 to $70
2016-07-07 Lower Price Target Citigroup Inc. Neutral $108.00 to $91.00
2016-07-06 Reiterated Rating Jefferies Group Buy $108.00
2016-05-31 Initiated Coverage Wells Fargo Outperform
2016-05-31 Initiated Coverage Wells Fargo & Co. Outperform
2016-05-24 Reiterated Rating Jefferies Group Buy $106.00 to $108.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Foust Michael F CEO and Director 0.14%  (184608) DLR /
CHAPMAN LAURENCE A 0.04%  (58421) DLR /
Kumar Kris Regional Head & Vice President 0.02%  (28844) DLR /
Sharp Christopher Chief Technology Officer 0.02%  (25733) DLR /
Smith James M. Chief Technology Officer 0.01%  (13582) DLR /
Mills Joshua A. Sr. VP and General Counsel 0.01%  (13377) DLR /
ROBERTS JOHN T JR 0.01%  (12382) DFT / DLR /
COKE MICHAEL A 0.01%  (11040) DFT / DLR / TRNO /
SINGLETON DENNIS E 0.01%  (10784) DLR /
Geoghegan Bernard Managing Director, EMEA 0.01%  (7185) DLR /