Analysts expect DIGITAL RLTY TR/SH (NYSE:DLR) to post $1.47 earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have issued estimates for DIGITAL RLTY TR/SH’s earnings. The lowest EPS estimate is $1.34 and the highest is $1.54. DIGITAL RLTY TR/SH posted earnings per share of $1.64 during the same quarter last year, which suggests a negative year over year growth rate of 10.4%. The business is expected to report its next earnings results on Tuesday, August 4th.
On average, analysts expect that DIGITAL RLTY TR/SH will report full-year earnings of $6.06 per share for the current fiscal year, with EPS estimates ranging from $5.92 to $6.31. For the next fiscal year, analysts forecast that the company will report earnings of $6.55 per share, with EPS estimates ranging from $5.82 to $7.49. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for DIGITAL RLTY TR/SH.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.64). The company had revenue of $823.30 million during the quarter, compared to analysts’ expectations of $964.60 million. DIGITAL RLTY TR/SH had a net margin of 21.35% and a return on equity of 7.65%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.73 earnings per share.
Several research firms have recently weighed in on DLR. BMO Capital Markets reissued a “hold” rating and issued a $132.00 price objective on shares of DIGITAL RLTY TR/SH in a report on Monday, February 17th. TheStreet raised DIGITAL RLTY TR/SH from a “c+” rating to a “b” rating in a report on Thursday, February 13th. Zacks Investment Research downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and set a $141.00 price objective for the company. in a report on Thursday, May 14th. Credit Suisse Group began coverage on DIGITAL RLTY TR/SH in a report on Monday, June 1st. They issued an “outperform” rating and a $164.00 price objective for the company. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $142.00 price objective on shares of DIGITAL RLTY TR/SH in a report on Monday, March 9th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $144.31.
In other DIGITAL RLTY TR/SH news, SVP Matt Mercier sold 1,511 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $144.74, for a total value of $218,702.14. Following the completion of the transaction, the senior vice president now owns 1,606 shares in the company, valued at $232,452.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jean F. H. P. Mandeville sold 1,000 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $131.68, for a total value of $131,680.00. Following the completion of the transaction, the director now owns 8,993 shares of the company’s stock, valued at approximately $1,184,198.24. The disclosure for this sale can be found here. Insiders sold 85,073 shares of company stock valued at $12,109,098 in the last quarter. 0.61% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in DLR. BlackRock Inc. increased its position in shares of DIGITAL RLTY TR/SH by 27.4% in the first quarter. BlackRock Inc. now owns 24,587,147 shares of the real estate investment trust’s stock valued at $3,415,401,000 after buying an additional 5,285,137 shares in the last quarter. Cohen & Steers Inc. increased its position in shares of DIGITAL RLTY TR/SH by 202.5% in the fourth quarter. Cohen & Steers Inc. now owns 6,537,914 shares of the real estate investment trust’s stock valued at $782,850,000 after buying an additional 4,376,547 shares in the last quarter. FMR LLC increased its position in shares of DIGITAL RLTY TR/SH by 80.4% in the fourth quarter. FMR LLC now owns 8,161,510 shares of the real estate investment trust’s stock valued at $977,260,000 after buying an additional 3,637,334 shares in the last quarter. State Street Corp increased its position in shares of DIGITAL RLTY TR/SH by 26.4% in the first quarter. State Street Corp now owns 17,311,988 shares of the real estate investment trust’s stock valued at $2,404,808,000 after buying an additional 3,611,583 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of DIGITAL RLTY TR/SH by 93,808.0% in the first quarter. Wellington Management Group LLP now owns 3,136,528 shares of the real estate investment trust’s stock valued at $435,694,000 after buying an additional 3,133,188 shares in the last quarter.
Shares of DLR stock traded down $4.64 during trading hours on Monday, hitting $133.64. The stock had a trading volume of 97,693 shares, compared to its average volume of 3,033,374. The firm has a market capitalization of $37.10 billion, a PE ratio of 48.16, a PEG ratio of 3.55 and a beta of 0.19. DIGITAL RLTY TR/SH has a twelve month low of $105.00 and a twelve month high of $158.36. The stock’s 50 day moving average is $141.76 and its 200 day moving average is $130.39. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.45 and a quick ratio of 0.45.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.35%. The ex-dividend date is Friday, June 12th. DIGITAL RLTY TR/SH’s payout ratio is 67.37%.
DIGITAL RLTY TR/SH Company Profile
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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