Digital Realty Trust (NYSE:DLR) Issues FY24 Earnings Guidance

Digital Realty Trust (NYSE:DLR) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $6.60-6.75 for the period, compared to the consensus earnings per share estimate of $6.66. The company issued revenue guidance of $5.55-5.65 billion, compared to the consensus revenue estimate of $5.61 billion.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of research reports. Royal Bank of Canada reiterated an outperform rating and issued a $144.00 price objective on shares of Digital Realty Trust in a report on Friday, February 16th. TD Cowen lifted their price target on shares of Digital Realty Trust from $116.00 to $122.00 and gave the stock a hold rating in a report on Friday. Barclays raised their target price on Digital Realty Trust from $110.00 to $119.00 and gave the stock an underweight rating in a research report on Tuesday, March 5th. Morgan Stanley upped their price target on Digital Realty Trust from $100.00 to $108.00 and gave the company an equal weight rating in a research report on Tuesday, April 2nd. Finally, Evercore ISI restated an outperform rating and set a $154.00 price objective on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $142.65.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $6.85 during mid-day trading on Friday, hitting $147.00. The company had a trading volume of 3,309,695 shares, compared to its average volume of 1,588,043. The stock’s 50-day moving average price is $142.27 and its 200-day moving average price is $137.52. The company has a market capitalization of $45.93 billion, a price-to-earnings ratio of 40.83, a P/E/G ratio of 3.34 and a beta of 0.55. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. Digital Realty Trust has a 1 year low of $86.33 and a 1 year high of $154.18.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is 135.56%.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the sale, the director now owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is owned by insiders.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.