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Barclays Keeps Their Hold Rating on Digital Realty (DLR)

Tipranks - Tipranks - Fri Apr 17, 4:39AM CDT

Barclays analyst Brendan Lynch maintained a Hold rating on Digital Realty today and set a price target of $189.00.

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Lynch covers the Real Estate sector, focusing on stocks such as Cushman & Wakefield, CBRE Group, and Cousins Properties. According to TipRanks, Lynch has an average return of -1.7% and a 45.33% success rate on recommended stocks.

In addition to Barclays, Digital Realty also received a Hold from Morgan Stanley’s Cameron McVeigh in a report issued on April 13. However, on April 8, Cantor Fitzgerald initiated coverage with a Buy rating on Digital Realty (NYSE: DLR).

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Based on Digital Realty’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.71 billion and a net profit of $98.65 million. In comparison, last year the company earned a revenue of $1.44 billion and had a net profit of $189.57 million

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