Analysts forecast that DIGITAL RLTY TR/SH (NYSE:DLR) will report $1.65 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for DIGITAL RLTY TR/SH’s earnings. The lowest EPS estimate is $1.61 and the highest is $1.70. DIGITAL RLTY TR/SH posted earnings per share of $1.66 in the same quarter last year, which indicates a negative year over year growth rate of 0.6%. The firm is expected to report its next quarterly earnings report on Thursday, July 25th.
According to Zacks, analysts expect that DIGITAL RLTY TR/SH will report full-year earnings of $6.67 per share for the current year, with EPS estimates ranging from $6.61 to $6.80. For the next fiscal year, analysts anticipate that the business will report earnings of $7.16 per share, with EPS estimates ranging from $6.74 to $7.53. Zacks’ earnings per share averages are an average based on a survey of research firms that follow DIGITAL RLTY TR/SH.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $1.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.08. DIGITAL RLTY TR/SH had a return on equity of 3.27% and a net margin of 10.95%. The company had revenue of $814.50 million during the quarter, compared to the consensus estimate of $800.13 million. During the same period in the previous year, the company posted $1.63 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year.
Several research analysts have recently commented on DLR shares. ValuEngine downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. BMO Capital Markets reissued a “hold” rating and set a $115.00 price target on shares of DIGITAL RLTY TR/SH in a report on Wednesday, February 6th. Barclays reissued a “buy” rating and set a $143.00 price target on shares of DIGITAL RLTY TR/SH in a report on Tuesday, April 16th. Zacks Investment Research raised DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Thursday, April 11th. Finally, TheStreet cut DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a report on Wednesday, February 6th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $126.64.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 400 shares of DIGITAL RLTY TR/SH stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $117.25, for a total value of $46,900.00. Following the completion of the transaction, the director now directly owns 400 shares of the company’s stock, valued at approximately $46,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward F. Sham sold 17,233 shares of DIGITAL RLTY TR/SH stock in a transaction on Monday, May 6th. The shares were sold at an average price of $119.65, for a total value of $2,061,928.45. Following the completion of the transaction, the insider now directly owns 21,571 shares of the company’s stock, valued at $2,580,970.15. The disclosure for this sale can be found here. Insiders sold a total of 27,633 shares of company stock valued at $3,300,928 over the last ninety days. Insiders own 0.49% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. raised its holdings in DIGITAL RLTY TR/SH by 72.6% in the 4th quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 98 shares in the last quarter. Ruggie Capital Group acquired a new position in shares of DIGITAL RLTY TR/SH during the 4th quarter worth $28,000. Parkside Financial Bank & Trust raised its holdings in shares of DIGITAL RLTY TR/SH by 223.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 382 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 264 shares in the last quarter. FTB Advisors Inc. raised its holdings in shares of DIGITAL RLTY TR/SH by 217.4% during the 1st quarter. FTB Advisors Inc. now owns 346 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 237 shares in the last quarter. Finally, We Are One Seven LLC acquired a new position in shares of DIGITAL RLTY TR/SH during the 4th quarter worth $42,000. 99.17% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE DLR traded up $0.86 during midday trading on Thursday, hitting $118.50. 17,187 shares of the company’s stock were exchanged, compared to its average volume of 1,340,750. The company has a current ratio of 0.05, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. DIGITAL RLTY TR/SH has a 12 month low of $100.05 and a 12 month high of $125.10. The company has a market capitalization of $24.31 billion, a P/E ratio of 17.97, a P/E/G ratio of 2.52 and a beta of 0.46.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.32 annualized dividend and a yield of 3.65%. DIGITAL RLTY TR/SH’s payout ratio is currently 65.45%.
About DIGITAL RLTY TR/SH
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. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
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