Equities analysts expect that Digital Realty Trust, Inc. (NYSE:DLR) will post earnings per share (EPS) of $1.52 for the current quarter, according to Zacks. Seven analysts have made estimates for Digital Realty Trust’s earnings, with estimates ranging from $1.48 to $1.55. Digital Realty Trust posted earnings per share of $1.43 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, February 15th.
On average, analysts expect that Digital Realty Trust will report full-year earnings of $6.10 per share for the current financial year, with EPS estimates ranging from $6.07 to $6.12. For the next year, analysts expect that the business will post earnings of $6.54 per share, with EPS estimates ranging from $6.45 to $6.63. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Digital Realty Trust.
Several research firms have commented on DLR. Barclays decreased their price objective on shares of Digital Realty Trust from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. UBS Group upgraded shares of Digital Realty Trust from a “sell” rating to a “neutral” rating and set a $112.00 price objective on the stock in a report on Monday, January 29th. Deutsche Bank upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Wednesday, January 10th. Robert W. Baird upgraded shares of Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $124.00 price objective on the stock in a report on Tuesday, January 16th. Finally, ValuEngine downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Digital Realty Trust has an average rating of “Buy” and an average target price of $122.94.
Several hedge funds have recently added to or reduced their stakes in DLR. American International Group Inc. lifted its position in Digital Realty Trust by 11.5% during the fourth quarter. American International Group Inc. now owns 77,245 shares of the real estate investment trust’s stock worth $8,798,000 after purchasing an additional 7,971 shares during the period. Mariner Wealth Advisors LLC lifted its position in Digital Realty Trust by 15.5% during the fourth quarter. Mariner Wealth Advisors LLC now owns 17,953 shares of the real estate investment trust’s stock worth $2,045,000 after purchasing an additional 2,408 shares during the period. Afam Capital Inc. lifted its position in Digital Realty Trust by 1.0% during the fourth quarter. Afam Capital Inc. now owns 54,462 shares of the real estate investment trust’s stock worth $6,203,000 after purchasing an additional 543 shares during the period. Virtu Financial LLC bought a new stake in Digital Realty Trust during the fourth quarter worth about $637,000. Finally, UBS Asset Management Americas Inc. lifted its position in Digital Realty Trust by 11.2% during the fourth quarter. UBS Asset Management Americas Inc. now owns 965,803 shares of the real estate investment trust’s stock worth $110,005,000 after purchasing an additional 97,383 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.
Digital Realty Trust (NYSE DLR) traded up $3.25 during trading hours on Friday, hitting $102.21. 1,990,000 shares of the company’s stock traded hands, compared to its average volume of 1,510,000. Digital Realty Trust has a 12-month low of $98.28 and a 12-month high of $127.23. The firm has a market capitalization of $21,000.00, a P/E ratio of 83.10, a P/E/G ratio of 2.12 and a beta of -0.11. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.46.
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About Digital Realty Trust
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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