Digital Realty Trust, Inc. (DLR) Updates FY17 Earnings Guidance
Digital Realty Trust, Inc. (NYSE:DLR) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.95-6.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.02.
Shares of Digital Realty Trust, Inc. (NYSE DLR) traded up 0.73% on Thursday, reaching $114.15. 1,508,065 shares of the company’s stock traded hands. The firm has a market capitalization of $18.24 billion, a P/E ratio of 49.16 and a beta of -0.03. Digital Realty Trust, Inc. has a 52 week low of $85.63 and a 52 week high of $121.53. The company’s 50-day moving average is $114.41 and its 200-day moving average is $110.31.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.07. The business had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. Digital Realty Trust had a net margin of 15.36% and a return on equity of 6.55%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 EPS. Equities research analysts anticipate that Digital Realty Trust, Inc. will post $1.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were given a dividend of $0.93 per share. The ex-dividend date was Tuesday, June 13th. This represents a $3.72 annualized dividend and a yield of 3.26%. Digital Realty Trust’s dividend payout ratio (DPR) is 158.97%.
Several research analysts recently issued reports on DLR shares. Macquarie reiterated a neutral rating and set a $105.00 price target on shares of Digital Realty Trust in a research report on Thursday, April 6th. Barclays PLC reiterated 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. Stifel Nicolaus reiterated a hold rating on shares of Digital Realty Trust in a research report on Tuesday, April 25th. Deutsche Bank AG upped their target price on shares of Digital Realty Trust from $105.00 to $109.00 and gave the company a hold rating in a research report on Friday, April 28th. Finally, Royal Bank Of Canada restated a buy rating on shares of Digital Realty Trust in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $117.00.
In other news, SVP Joshua A. Mills sold 9,211 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $120.00, for a total value 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/07/27/digital-realty-trust-inc-dlr-updates-fy17-earnings-guidance.html.
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.
Receive News & Ratings for Digital Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.