Zacks: Analysts Anticipate Digital Realty Trust, Inc. (NYSE:DLR) Will Announce Earnings of $1.49 Per Share
Equities research analysts forecast that Digital Realty Trust, Inc. (NYSE:DLR) will post $1.49 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Digital Realty Trust’s earnings. The lowest EPS estimate is $1.47 and the highest is $1.50. Digital Realty Trust posted earnings per share of $1.44 in the same quarter last year, which suggests a positive year over year growth rate of 3.5%. The company is expected to issue its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Digital Realty Trust will report full-year earnings of $6.06 per share for the current financial year, with EPS estimates ranging from $5.97 to $6.10. For the next year, analysts expect that the firm will report earnings of $6.48 per share, with EPS estimates ranging from $6.37 to $6.73. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Digital Realty Trust.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.05. The company had revenue of $565.99 million for the quarter, compared to analyst estimates of $559.93 million. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 EPS.
A number of equities research analysts have recently issued reports on DLR shares. Deutsche Bank AG increased their price target on shares of Digital Realty Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a report on Friday, April 28th. BidaskClub raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Barclays PLC reaffirmed an “overweight” rating and issued a $123.00 target price (up from $120.00) on shares of Digital Realty Trust in a research note on Wednesday, April 19th. Macquarie reaffirmed a “neutral” rating and issued a $105.00 target price on shares of Digital Realty Trust in a research note on Tuesday, July 4th. Finally, Cowen and Company raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from $106.00 to $126.00 in a research note on Monday, June 12th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Digital Realty Trust has a consensus rating of “Buy” and an average price target of $116.67.
Shares of Digital Realty Trust (NYSE DLR) opened at 115.20 on Monday. Digital Realty Trust has a one year low of $85.63 and a one year high of $121.53. The company’s 50 day moving average is $114.34 and its 200 day moving average is $110.74. The company has a market capitalization of $18.68 billion, a price-to-earnings ratio of 46.79 and a beta of -0.03.
In other Digital Realty Trust news, SVP Joshua A. Mills sold 9,211 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 13,377 shares in the company, valued at $1,605,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of DLR. Ledyard National Bank boosted 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 during the last quarter. Muzinich & Co. Inc. boosted 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 during the last quarter. Westside Investment Management Inc. acquired a new position in shares of Digital Realty Trust during the first quarter worth approximately $160,000. Security National Trust Co. acquired a new position in shares of Digital Realty Trust during the second quarter worth approximately $164,000. Finally, AXA acquired a new position in shares of Digital Realty Trust during the first quarter worth approximately $200,000.
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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