Analysts expect DIGITAL RLTY TR/SH (NYSE:DLR) to report $1.64 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for DIGITAL RLTY TR/SH’s earnings. The highest EPS estimate is $1.68 and the lowest is $1.61. DIGITAL RLTY TR/SH posted earnings per share of $1.63 during the same quarter last year, which indicates a positive year-over-year growth rate of 0.6%. The firm is expected to announce its next quarterly earnings results after the market closes on Tuesday, October 29th.
On average, analysts expect that DIGITAL RLTY TR/SH will report full year earnings of $6.65 per share for the current financial year, with EPS estimates ranging from $6.57 to $6.74. For the next financial year, analysts expect that the business will post earnings of $6.96 per share, with EPS estimates ranging from $6.76 to $7.24. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow DIGITAL RLTY TR/SH.
DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.48). The company had revenue of $801.00 million during the quarter, compared to analyst estimates of $807.48 million. DIGITAL RLTY TR/SH had a return on equity of 3.01% and a net margin of 10.00%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 EPS.
DLR has been the subject of several research analyst reports. Cowen set a $125.00 price objective on shares of DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a report on Wednesday, July 31st. KeyCorp upped their price objective on shares of DIGITAL RLTY TR/SH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Barclays set a $162.00 price objective on shares of DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a report on Friday, October 11th. Morgan Stanley downgraded shares of DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and upped their price objective for the stock from $118.00 to $122.00 in a report on Thursday, September 19th. Finally, Argus initiated coverage on shares of DIGITAL RLTY TR/SH in a report on Wednesday, July 3rd. They issued a “buy” rating and a $140.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. DIGITAL RLTY TR/SH currently has an average rating of “Buy” and a consensus target price of $129.00.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 300 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.00, for a total value of $37,500.00. Following the completion of the sale, the director now directly owns 300 shares of the company’s stock, valued at approximately $37,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. lifted its stake in DIGITAL RLTY TR/SH by 0.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,437 shares of the real estate investment trust’s stock valued at $1,347,000 after buying an additional 77 shares in the last quarter. Lantz Financial LLC lifted its stake in DIGITAL RLTY TR/SH by 0.7% during the third quarter. Lantz Financial LLC now owns 11,410 shares of the real estate investment trust’s stock valued at $1,457,000 after buying an additional 79 shares in the last quarter. Moloney Securities Asset Management LLC lifted its stake in DIGITAL RLTY TR/SH by 0.9% during the second quarter. Moloney Securities Asset Management LLC now owns 10,183 shares of the real estate investment trust’s stock valued at $1,199,000 after buying an additional 93 shares in the last quarter. Boston Private Wealth LLC lifted its stake in DIGITAL RLTY TR/SH by 2.2% during the second quarter. Boston Private Wealth LLC now owns 4,646 shares of the real estate investment trust’s stock valued at $547,000 after buying an additional 98 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in DIGITAL RLTY TR/SH by 21.4% during the second quarter. Signaturefd LLC now owns 596 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 105 shares in the last quarter.
DLR stock traded down $0.54 during trading on Wednesday, hitting $132.28. The company had a trading volume of 820,493 shares, compared to its average volume of 1,229,548. The firm has a market capitalization of $27.99 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.91 and a beta of 0.40. The business has a 50 day moving average of $129.20 and a 200 day moving average of $121.90. DIGITAL RLTY TR/SH has a fifty-two week low of $100.05 and a fifty-two week high of $136.32. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.16.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Thursday, September 12th. DIGITAL RLTY TR/SH’s payout ratio is 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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