Analysts Anticipate Digital Realty Trust, Inc. (DLR) Will Announce Quarterly Sales of $556.78 Million
Wall Street analysts forecast that Digital Realty Trust, Inc. (NYSE:DLR) will announce $556.78 million in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Digital Realty Trust’s earnings. The highest sales estimate is $561.03 million and the lowest is $551.40 million. Digital Realty Trust posted sales of $465.32 million during the same quarter last year, which suggests a positive year-over-year growth rate of 19.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, July 27th.
On average, analysts expect that Digital Realty Trust will report full-year sales of $556.78 million for the current fiscal year, with estimates ranging from $2.23 billion to $2.26 billion. For the next financial year, analysts anticipate that the company will report sales of $2.39 billion per share, with estimates ranging from $2.35 billion to $2.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Digital Realty Trust.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The firm had revenue of $550.60 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm earned $1.42 EPS.
A number of equities research analysts recently issued reports on DLR shares. Deutsche Bank AG increased their price objective on Digital Realty Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Royal Bank Of Canada restated a “buy” rating and set a $120.00 price target on shares of Digital Realty Trust in a research report on Friday, March 24th. BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Barclays PLC restated an “overweight” rating and set a $123.00 price target (up previously from $120.00) on shares of Digital Realty Trust in a research report on Wednesday, April 19th. Finally, Macquarie restated a “neutral” rating and set a $105.00 price target on shares of Digital Realty Trust in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $117.57.
In other news, SVP Joshua A. Mills sold 9,211 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following the sale, the senior vice president now directly owns 13,377 shares in the company, valued at approximately $1,605,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of DLR. Ledyard National Bank increased its position in shares of Digital Realty Trust by 15.9% in the first quarter. Ledyard National Bank now owns 1,095 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 150 shares in the last quarter. Muzinich & Co. Inc. increased its position in shares of Digital Realty Trust by 37.1% in the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 383 shares in the last quarter. Westside Investment Management Inc. bought a new position in shares of Digital Realty Trust during the first quarter worth approximately $160,000. AXA bought a new position in shares of Digital Realty Trust during the first quarter worth approximately $200,000. Finally, Exane Derivatives increased its position in shares of Digital Realty Trust by 157.3% in the first quarter. Exane Derivatives now owns 1,909 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 1,167 shares in the last quarter.
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Digital Realty Trust (NYSE DLR) opened at 112.50 on Wednesday. The firm has a 50-day moving average price of $115.43 and a 200 day moving average price of $109.99. Digital Realty Trust has a one year low of $85.63 and a one year high of $121.53. The firm has a market capitalization of $17.97 billion, a PE ratio of 48.45 and a beta of -0.03.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, June 13th. Digital Realty Trust’s payout ratio is currently 158.97%.
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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