It Seems Digital Realty Trust, Inc. (DLR) Will Go Up. Formed A Few Months Bullish Wedge Up

July 14, 2018 - By Marie Mckinney

Digital Realty Trust, Inc. (NYSE:DLR) Logo

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.12, from 1.05 in 2017Q4. It is negative, as 61 investors sold Digital Realty Trust, Inc. shares while 192 reduced holdings. 59 funds opened positions while 177 raised stakes. 198.99 million shares or 0.90% less from 200.80 million shares in 2017Q4 were reported.
Lifeplan Financial Group Inc reported 40 shares or 0% of all its holdings. Counselors Of Maryland Limited Co reported 1,304 shares. Moreover, Retail Bank Of Montreal Can has 0.02% invested in Digital Realty Trust, Inc. (NYSE:DLR) for 160,865 shares. D E Shaw Co Inc has 0% invested in Digital Realty Trust, Inc. (NYSE:DLR) for 24,748 shares. Eii Management holds 1.84% or 29,911 shares. Spectrum Gru has 45 shares. Utah Retirement accumulated 0.1% or 46,481 shares. Mitsubishi Ufj Trust holds 0.11% of its portfolio in Digital Realty Trust, Inc. (NYSE:DLR) for 608,045 shares. Sheets Smith Wealth Management holds 0.12% or 4,849 shares in its portfolio. Susquehanna Group Inc Llp invested in 2,546 shares. Cohen And Steers reported 13.48M shares. Crestwood Limited Liability Corp has invested 0.02% of its portfolio in Digital Realty Trust, Inc. (NYSE:DLR). Convergence Investment Prtn Limited Liability owns 512 shares or 0.01% of their US portfolio. New York-based Renaissance Technology Limited Liability Company has invested 0.02% in Digital Realty Trust, Inc. (NYSE:DLR). Lpl Fincl Ltd stated it has 0.01% in Digital Realty Trust, Inc. (NYSE:DLR).

Since June 26, 2018, it had 0 buys, and 4 insider sales for $2.32 million activity. Shares for $1.20 million were sold by SHAM EDWARD F.

The stock of Digital Realty Trust, Inc. (DLR) formed an up wedge with $123.21 target or 6.00 % above today’s $116.24 share price. The 9 months wedge indicates low risk for the $24.96B company. If the $123.21 price target is reached, the company will be worth $1.50B more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.02% or $0.02 during the last trading session, reaching $116.24. About 801,968 shares traded. Digital Realty Trust, Inc. (NYSE:DLR) has declined 10.27% since July 14, 2017 and is downtrending. It has underperformed by 22.84% the S&P500.

Analysts await Digital Realty Trust, Inc. (NYSE:DLR) to report earnings on July, 26 after the close. They expect $1.61 EPS, up 4.55 % or $0.07 from last year’s $1.54 per share. DLR’s profit will be $345.64 million for 18.05 P/E if the $1.61 EPS becomes a reality. After $1.61 actual EPS reported by Digital Realty Trust, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Digital Realty Trust, Inc. (NYSE:DLR) Ratings Coverage

Among 11 analysts covering Digital Realty (NYSE:DLR), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Digital Realty had 14 analyst reports since January 16, 2018 according to SRatingsIntel. The stock has “Buy” rating by Wells Fargo on Wednesday, March 7. Citigroup upgraded the stock to “Buy” rating in Wednesday, February 14 report. The stock has “Hold” rating by Credit Suisse on Friday, February 16. As per Monday, January 29, the company rating was upgraded by UBS. The rating was upgraded by Raymond James on Monday, March 12 to “Outperform”. The company was maintained on Friday, February 16 by Deutsche Bank. The stock has “Neutral” rating by Credit Suisse on Friday, April 27. The firm has “Overweight” rating given on Tuesday, January 30 by Barclays Capital. Robert W. Baird maintained the shares of DLR in report on Tuesday, January 16 with “Buy” rating. Cowen & Co maintained Digital Realty Trust, Inc. (NYSE:DLR) on Friday, February 16 with “Buy” rating.

More recent Digital Realty Trust, Inc. (NYSE:DLR) news were published by: Fool.com which released: “The 5 Best S&P 500 High-Dividend Stocks of 2018 (So Far)” on July 10, 2018. Also Seekingalpha.com published the news titled: “Digital Realty Vs. Equinix: A Thunderdome Match” on July 05, 2018. Investorplace.com‘s news article titled: “5 Top Stock Trades for Thursday — Buy Salesforce’s New Highs?” with publication date: July 11, 2018 was also an interesting one.

Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. The company has market cap of $24.96 billion. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products. It has a 111.66 P/E ratio. Additional information about Digital Realty is included in the Company Overview, available on the Investors page of Digital Realty's website at www.digitalrealty.com.

Digital Realty Trust, Inc. (NYSE:DLR) Institutional Positions Chart

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