Digital Realty Trust, Inc. (DLR) Expected to Announce Earnings of $1.50 Per Share
Equities analysts expect Digital Realty Trust, Inc. (NYSE:DLR) to post earnings per share of $1.50 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Digital Realty Trust’s earnings, with the highest EPS estimate coming in at $1.56 and the lowest estimate coming in at $1.45. Digital Realty Trust posted earnings of $1.38 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The firm is expected to report its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Digital Realty Trust will report full year earnings of $6.09 per share for the current fiscal year, with EPS estimates ranging from $6.06 to $6.16. For the next year, analysts expect that the company will report earnings of $6.47 per share, with EPS estimates ranging from $6.45 to $6.48. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Digital Realty Trust.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The firm had revenue of $565.99 million for the quarter, compared to analysts’ expectations of $559.93 million. During the same quarter last year, the firm earned $1.42 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year.
A number of equities research analysts have recently commented on DLR shares. Barclays PLC reiterated a “buy” rating and set a $132.00 price target on shares of Digital Realty Trust in a report on Friday. BidaskClub upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Macquarie reiterated a “neutral” rating and set a $105.00 price target on shares of Digital Realty Trust in a report on Tuesday, July 4th. Stifel Nicolaus reiterated a “hold” rating and set a $117.00 price target on shares of Digital Realty Trust in a report on Friday, July 21st. Finally, Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a report on Monday, July 17th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $120.08.
In other Digital Realty Trust news, Director William G. Laperch purchased 1,200 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the director now owns 1,200 shares of the company’s stock, valued at $30,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Sharp sold 25,733 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the transaction, the insider now owns 25,733 shares in the company, valued at $2,996,350.52. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Digital Realty Trust by 1.0% in the second quarter. Vanguard Group Inc. now owns 27,928,426 shares of the real estate investment trust’s stock worth $3,154,515,000 after acquiring an additional 284,515 shares during the period. BlackRock Inc. raised its position in Digital Realty Trust by 2.8% in the second quarter. BlackRock Inc. now owns 15,575,651 shares of the real estate investment trust’s stock worth $1,759,269,000 after acquiring an additional 428,327 shares during the period. State Street Corp raised its position in Digital Realty Trust by 0.7% in the first quarter. State Street Corp now owns 9,346,575 shares of the real estate investment trust’s stock worth $994,387,000 after acquiring an additional 69,272 shares during the period. JPMorgan Chase & Co. raised its position in Digital Realty Trust by 7.3% in the second quarter. JPMorgan Chase & Co. now owns 3,569,263 shares of the real estate investment trust’s stock worth $403,148,000 after acquiring an additional 243,995 shares during the period. Finally, Northern Trust Corp raised its position in Digital Realty Trust by 4.8% in the second quarter. Northern Trust Corp now owns 2,909,241 shares of the real estate investment trust’s stock worth $328,599,000 after acquiring an additional 134,121 shares during the period.
Digital Realty Trust (NYSE DLR) traded down 1.00% during trading on Tuesday, hitting $124.78. 2,026,376 shares of the company’s stock traded hands. The company’s 50 day moving average is $116.45 and its 200-day moving average is $112.93. Digital Realty Trust has a 12 month low of $85.63 and a 12 month high of $127.23. The stock has a market cap of $20.24 billion, a P/E ratio of 50.68 and a beta of -0.01.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.93 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.72 annualized dividend and a yield of 2.98%. Digital Realty Trust’s payout ratio is presently 148.21%.
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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