Digital Realty Trust, Inc. (DLR) Updates FY12 Earnings Guidance
Digital Realty Trust, Inc. (DLR) issued an update on its FY12 earnings guidance on Friday morning. The company provided EPS guidance of $4.40-4.44 for the period.
Shares of Digital Realty Trust, Inc. (DLR) opened at 64.12 on Friday. Digital Realty Trust, Inc. (DLR) has a 52 week low of $59.35 and a 52 week high of $80.59. The company has a market cap of $7.822 billion and a P/E ratio of 45.44.
Digital Realty Trust last announced its earnings results on Friday, October 26th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $0.10. The company’s quarterly revenue was up 25.2% on a year-over-year basis. On average, analysts predict that Digital Realty Trust, Inc. (DLR) will post $4.28 earnings per share for the current fiscal year.
A number of research firms have also recently commented on DLR. Analysts at Evercore Partners downgraded shares of Digital Realty Trust from an overweight rating to an equal weight rating in a research note to investors on Tuesday. On a related note, analysts at Deutsche Bank raised their price target on shares of Digital Realty Trust from $72.00 to $74.00 in a research note to investors on Monday, October 8th. They now have a hold rating on the stock. Finally, analysts at Canaccord Genuity reiterated a hold rating on shares of Digital Realty Trust in a research note to investors on Monday, July 30th.
Digital Realty Trust, Inc. operates through its operating partnership, Digital Realty Trust, L.P. The Company operates as a real estate investment trust (REIT).
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