Equities research analysts predict that DIGITAL RLTY TR/SH (NYSE:DLR) will post $1.62 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for DIGITAL RLTY TR/SH’s earnings, with the highest EPS estimate coming in at $1.65 and the lowest estimate coming in at $1.60. DIGITAL RLTY TR/SH reported earnings per share of $1.51 in the same quarter last year, which indicates a positive year over year growth rate of 7.3%. The company is expected to issue its next earnings report after the market closes on Thursday, October 25th.
On average, analysts expect that DIGITAL RLTY TR/SH will report full-year earnings of $6.59 per share for the current financial year, with EPS estimates ranging from $6.52 to $6.63. For the next financial year, analysts anticipate that the firm will post earnings of $7.12 per share, with EPS estimates ranging from $6.95 to $7.28. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for DIGITAL RLTY TR/SH.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($1.29). DIGITAL RLTY TR/SH had a net margin of 9.79% and a return on equity of 3.02%. The business had revenue of $754.91 million during the quarter, compared to analysts’ expectations of $759.30 million. During the same period last year, the company earned $1.54 EPS. The firm’s revenue for the quarter was up 33.4% on a year-over-year basis.
Several analysts have issued reports on DLR shares. Zacks Investment Research raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Monday, July 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $131.00 price target on shares of DIGITAL RLTY TR/SH in a report on Monday, August 13th. Guggenheim reaffirmed a “hold” rating and issued a $125.00 price target on shares of DIGITAL RLTY TR/SH in a report on Friday, July 20th. Berenberg Bank started coverage on shares of DIGITAL RLTY TR/SH in a report on Thursday, September 20th. They issued a “hold” rating and a $127.00 price target on the stock. Finally, Citigroup upped their price target on shares of DIGITAL RLTY TR/SH from $119.00 to $131.00 and gave the company a “buy” rating in a report on Monday, July 30th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $127.24.
Several institutional investors and hedge funds have recently made changes to their positions in DLR. Huntington National Bank increased its position in DIGITAL RLTY TR/SH by 17.0% during the third quarter. Huntington National Bank now owns 48,838 shares of the real estate investment trust’s stock worth $5,493,000 after purchasing an additional 7,080 shares during the last quarter. TRUE Private Wealth Advisors acquired a new position in DIGITAL RLTY TR/SH during the third quarter worth approximately $176,000. Oakbrook Investments LLC increased its position in DIGITAL RLTY TR/SH by 43.7% during the third quarter. Oakbrook Investments LLC now owns 11,015 shares of the real estate investment trust’s stock worth $1,239,000 after purchasing an additional 3,350 shares during the last quarter. CAPROCK Group Inc. acquired a new position in DIGITAL RLTY TR/SH during the third quarter worth approximately $222,000. Finally, Iowa State Bank increased its position in DIGITAL RLTY TR/SH by 2.4% during the third quarter. Iowa State Bank now owns 26,650 shares of the real estate investment trust’s stock worth $2,998,000 after purchasing an additional 615 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE DLR traded up $0.83 on Friday, hitting $112.58. The company’s stock had a trading volume of 1,312,700 shares, compared to its average volume of 1,304,592. DIGITAL RLTY TR/SH has a 12-month low of $96.56 and a 12-month high of $125.10. The company has a market capitalization of $22.87 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 2.44 and a beta of 0.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.30 and a quick ratio of 0.30.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, September 13th. DIGITAL RLTY TR/SH’s payout ratio is 65.80%.
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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