Wall Street analysts expect that Digital Realty Trust, Inc. (NYSE:DLR) will announce earnings of $1.48 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Digital Realty Trust’s earnings, with the highest EPS estimate coming in at $1.50 and the lowest estimate coming in at $1.46. Digital Realty Trust reported earnings of $1.42 per share during the same quarter last year, which indicates a positive year over year growth rate of 4.2%. The business is scheduled to announce its next earnings results after the market closes on Thursday, July 27th.

On average, analysts expect that Digital Realty Trust will report full-year earnings of $6.02 per share for the current financial year, with EPS estimates ranging from $5.97 to $6.06. For the next financial year, analysts forecast that the company will report earnings of $6.47 per share, with EPS estimates ranging from $6.37 to $6.73. Zacks’ EPS averages are an average based on a survey of analysts that cover Digital Realty Trust.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, April 27th. The real estate investment trust reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. The business had revenue of $550.60 million during the quarter, compared to analyst estimates of $552.59 million. Digital Realty Trust had a return on equity of 12.14% and a net margin of 20.48%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 EPS.

DLR has been the subject of a number of analyst reports. Wells Fargo & Company cut Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 price target for the company. in a research report on Wednesday, May 17th. Macquarie restated a “neutral” rating and issued a $105.00 price target on shares of Digital Realty Trust in a research report on Thursday, April 6th. Royal Bank Of Canada restated a “buy” rating and issued a $127.00 price target on shares of Digital Realty Trust in a research report on Thursday, June 8th. Cowen and Company upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $106.00 to $126.00 in a research report on Monday, June 12th. Finally, Barclays PLC restated an “overweight” rating and issued a $123.00 price target (up previously from $120.00) on shares of Digital Realty Trust in a research report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Digital Realty Trust has a consensus rating of “Buy” and a consensus price target of $117.57.

In related news, SVP Joshua A. Mills sold 9,211 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following the completion of the sale, the senior vice president now directly owns 13,377 shares of the company’s stock, valued at approximately $1,605,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Capstone Asset Management Co. raised its stake in shares of Digital Realty Trust by 0.8% in the first quarter. Capstone Asset Management Co. now owns 18,371 shares of the real estate investment trust’s stock worth $1,954,000 after buying an additional 150 shares during the period. National Pension Service raised its stake in shares of Digital Realty Trust by 9.2% in the first quarter. National Pension Service now owns 138,269 shares of the real estate investment trust’s stock worth $14,579,000 after buying an additional 11,614 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of Digital Realty Trust by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 49,976 shares of the real estate investment trust’s stock worth $5,316,000 after buying an additional 700 shares during the period. Sheets Smith Wealth Management raised its stake in shares of Digital Realty Trust by 0.8% in the first quarter. Sheets Smith Wealth Management now owns 4,912 shares of the real estate investment trust’s stock worth $523,000 after buying an additional 39 shares during the period. Finally, Forte Capital LLC ADV raised its stake in shares of Digital Realty Trust by 5.2% in the first quarter. Forte Capital LLC ADV now owns 5,315 shares of the real estate investment trust’s stock worth $565,000 after buying an additional 265 shares during the period.

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Digital Realty Trust (NYSE:DLR) traded up 0.25% on Monday, reaching $112.71. The company’s stock had a trading volume of 1,224,955 shares. The stock has a market cap of $18.01 billion, a P/E ratio of 48.54 and a beta of -0.02. Digital Realty Trust has a one year low of $85.63 and a one year high of $121.53. The stock has a 50-day moving average of $116.89 and a 200-day moving average of $108.44.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, June 13th. Digital Realty Trust’s dividend payout ratio is currently 158.97%.

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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Earnings History and Estimates for Digital Realty Trust (NYSE:DLR)

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