Digital Realty Trust (DLR): Price Target and June Short Interest Disclosure

Digital Realty Trust (DLR) : 11 investment research analysts covering Digital Realty Trust (DLR) have an average price target of $99.18 for the near short term. The highest target price given by the Brokerage Firm to the stock is $120 and the lowest target is $73 for the short term. Analysts expect the variance to be within $13.17 of the average price.

Digital Realty Trust (DLR) stated gains of 49,881 shares or 0.2% in the short interest. The short interest registered from 23,771,145 on June 15,2016 to 23,821,026 on June 30,2016. In terms of floated shares, the shorted positions stood at 15%. The stock has been averaging 1,804,537 shares daily in trading and would need 13 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Brokerage firm Citigroup maintains its rating on Digital Realty Trust (NYSE:DLR). As per the latest information, the brokerage house raises the price target to $108 per share from a prior target of $91. The shares have been rated Neutral. The rating by the firm was issued on July 7, 2016.


Digital Realty Trust (NYSE:DLR): On Thursdays trading session , Opening price of the stock was $109.53 with an intraday high of $109.96. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $106.24. However, the stock managed to close at $107.04, a loss of 2.53% for the day. On the previous day, the stock had closed at $109.82. The total traded volume of the day was 2,392,912 shares.

Digital Realty Trust, Inc. is a real estate investment trust (REIT) that owns, acquires, develops and manages technology-related real estate. The Companys services include implementation services, remote hands services, data center infrastructure management (DCIM), client services and digital realty partner network. The Company is a sole general partner of Digital Realty Trust, L.P. As of December 31, 2014, Digital Realty Trust, Inc. owned 97.8% common general partnership interest in Digital Realty Trust, L.P. The remaining 2.2% common limited partnership interests are owned by non-affiliated investors and certain directors and officers of Digital Realty Trust, Inc. The Company focuses on strategically located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users, including the information technology (IT) departments of Fortune 100 and financial services companies.

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