Analysts expect that Digital Realty Trust, Inc. (NYSE:DLR) will report $1.58 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Digital Realty Trust’s earnings. The lowest EPS estimate is $1.55 and the highest is $1.60. Digital Realty Trust reported earnings of $1.50 per share during the same quarter last year, which would indicate a positive year over year growth rate of 5.3%. The business is expected to announce its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Digital Realty Trust will report full-year earnings of $6.54 per share for the current year, with EPS estimates ranging from $6.47 to $6.63. For the next financial year, analysts forecast that the company will post earnings of $7.07 per share, with EPS estimates ranging from $6.94 to $7.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Digital Realty Trust.
A number of analysts recently commented on the company. Deutsche Bank upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Wednesday, January 10th. Credit Suisse Group restated a “hold” rating and issued a $95.00 price target on shares of Digital Realty Trust in a report on Tuesday, January 23rd. Zacks Investment Research cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Barclays decreased their target price on Digital Realty Trust from $139.00 to $136.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. Finally, Citigroup raised Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $105.12 to $120.00 in a research report on Wednesday, February 14th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $122.25.
Digital Realty Trust (DLR) traded up $1.37 during trading hours on Wednesday, hitting $102.20. The stock had a trading volume of 1,440,000 shares, compared to its average volume of 1,840,000. The firm has a market cap of $21,000.00, a P/E ratio of 102.20, a PEG ratio of 2.24 and a beta of -0.11. The company has a quick ratio of 0.46, a current ratio of 0.25 and a debt-to-equity ratio of 0.88. Digital Realty Trust has a fifty-two week low of $97.04 and a fifty-two week high of $127.23.
Several large investors have recently added to or reduced their stakes in DLR. Lord Abbett & CO. LLC bought a new position in shares of Digital Realty Trust in the second quarter worth $7,500,000. Shell Asset Management Co. lifted its holdings in shares of Digital Realty Trust by 34.0% in the third quarter. Shell Asset Management Co. now owns 21,247 shares of the real estate investment trust’s stock valued at $1,325,000 after buying an additional 5,392 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Digital Realty Trust by 25.1% in the third quarter. Mutual of America Capital Management LLC now owns 24,197 shares of the real estate investment trust’s stock valued at $2,863,000 after buying an additional 4,857 shares during the period. Tributary Capital Management LLC acquired a new stake in shares of Digital Realty Trust in the third quarter valued at $1,909,000. Finally, SeaBridge Investment Advisors LLC acquired a new stake in shares of Digital Realty Trust in the third quarter valued at $485,000. 97.86% of the stock is owned by institutional investors.
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Digital Realty Trust Company Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. 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.
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