FY2018 EPS Estimates for Digital Realty Trust, Inc. (DLR) Increased by Analyst
Digital Realty Trust, Inc. (NYSE:DLR) – KeyCorp upped their FY2018 earnings per share estimates for shares of Digital Realty Trust in a research report issued to clients and investors on Monday. KeyCorp analyst J. Sadler now forecasts that the real estate investment trust will post earnings per share of $6.69 for the year, up from their previous estimate of $6.61. KeyCorp currently has a “Buy” rating and a $130.00 target price on the stock.
DLR has been the topic of a number of other research reports. Canaccord Genuity reaffirmed a “buy” rating and set a $127.00 target price on shares of Digital Realty Trust in a report on Friday, August 18th. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research note on Monday. William Blair began coverage on shares of Digital Realty Trust in a research note on Friday, September 22nd. They issued a “market perform” rating for the company. Citigroup Inc. reissued a “neutral” rating and issued a $127.00 price target on shares of Digital Realty Trust in a research note on Tuesday, September 26th. Finally, BidaskClub raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $124.00.
Digital Realty Trust (NYSE:DLR) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The firm had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. During the same quarter in the prior year, the business posted $1.44 EPS. The business’s revenue was up 11.6% compared to the same quarter last year.
In related news, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total value of $2,996,350.52. Following the sale, the insider now owns 25,733 shares in the company, valued at $2,996,350.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William G. Laperch bought 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its position in Digital Realty Trust by 18.0% in the 2nd quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 148 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Digital Realty Trust by 50.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 328 shares in the last quarter. Sun Life Financial INC boosted its position in Digital Realty Trust by 12,844.4% in the 2nd quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 1,156 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in Digital Realty Trust in the 2nd quarter worth approximately $134,000. Finally, Security National Trust Co. purchased a new stake in Digital Realty Trust in the 2nd quarter worth approximately $164,000.
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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