$1.49 Earnings Per Share Expected for Digital Realty Trust, Inc. (DLR) This Quarter
Analysts expect Digital Realty Trust, Inc. (NYSE:DLR) to report earnings per share of $1.49 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Digital Realty Trust’s earnings, with the highest EPS estimate coming in at $1.54 and the lowest estimate coming in at $1.45. Digital Realty Trust reported earnings of $1.38 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, October 25th.
On average, analysts expect that Digital Realty Trust will report full-year earnings of $6.08 per share for the current fiscal year, with EPS estimates ranging from $6.01 to $6.16. For the next fiscal year, analysts forecast that the company will post earnings of $6.57 per share, with EPS estimates ranging from $6.48 to $6.79. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Digital Realty Trust.
Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The company had revenue of $565.99 million for the quarter, compared to analysts’ expectations of $559.93 million. During the same period last year, the firm earned $1.42 EPS. Digital Realty Trust’s revenue for the quarter was up 9.9% compared to the same quarter last year.
DLR has been the subject of a number of research reports. Cowen and Company restated a “buy” rating and set a $126.00 target price on shares of Digital Realty Trust in a research report on Friday, August 25th. Barclays PLC restated a “buy” rating and set a $132.00 target price on shares of Digital Realty Trust in a research report on Friday, September 8th. ValuEngine downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, KeyCorp restated a “buy” rating and set a $130.00 target price on shares of Digital Realty Trust in a research report on Friday, August 25th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $122.73.
Shares of Digital Realty Trust (DLR) traded down 0.68% during trading on Friday, reaching $123.04. The company had a trading volume of 117,394 shares. Digital Realty Trust has a 1-year low of $85.63 and a 1-year high of $127.23. The company’s 50 day moving average is $119.14 and its 200-day moving average is $115.54. The stock has a market capitalization of $19.96 billion, a price-to-earnings ratio of 49.98 and a beta of 0.01.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.93 per share. The ex-dividend date was Thursday, September 14th. This represents a $3.72 annualized dividend and a dividend yield of 3.00%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 148.21%.
In related news, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the transaction, the insider now owns 25,733 shares in the company, valued at approximately $2,996,350.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William G. Laperch purchased 1,200 shares of Digital Realty Trust stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average price of $25.00 per share, with a total value of $30,000.00. Following the transaction, the director now owns 1,200 shares in the company, valued at $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pensionfund Sabic raised its position in shares of Digital Realty Trust by 25.1% during the 3rd quarter. Pensionfund Sabic now owns 14,947 shares of the real estate investment trust’s stock worth $1,769,000 after purchasing an additional 2,997 shares during the last quarter. Pensionfund DSM Netherlands raised its position in shares of Digital Realty Trust by 6.8% during the 3rd quarter. Pensionfund DSM Netherlands now owns 33,750 shares of the real estate investment trust’s stock worth $3,994,000 after purchasing an additional 2,150 shares during the last quarter. Eqis Capital Management Inc. acquired a new position in shares of Digital Realty Trust during the 3rd quarter worth about $2,578,000. Perpetual Ltd acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth about $2,820,000. Finally, Bogart Wealth LLC raised its position in shares of Digital Realty Trust by 46.5% during the 2nd quarter. Bogart Wealth LLC now owns 12,492 shares of the real estate investment trust’s stock worth $1,411,000 after purchasing an additional 3,965 shares during the last quarter.
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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