Digital Realty Trust, Inc. Expected to Earn FY2018 Earnings of $6.52 Per Share (DLR)

Digital Realty Trust, Inc. (NYSE:DLR) – Investment analysts at Jefferies Group reduced their FY2018 earnings per share estimates for Digital Realty Trust in a report released on Tuesday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will earn $6.52 per share for the year, down from their previous estimate of $6.56. Jefferies Group currently has a “Hold” rating and a $120.00 target price on the stock. Jefferies Group also issued estimates for Digital Realty Trust’s FY2019 earnings at $7.09 EPS.

Several other equities research analysts have also issued reports on DLR. William Blair initiated coverage on Digital Realty Trust in a research note on Friday, September 22nd. They set a “market perform” rating for the company. Citigroup reaffirmed a “neutral” rating and set a $127.00 price target on shares of Digital Realty Trust in a research note on Tuesday, September 26th. KeyCorp reaffirmed a “buy” rating and set a $130.00 price target on shares of Digital Realty Trust in a research note on Tuesday, September 26th. Royal Bank of Canada lifted their price target on Digital Realty Trust from $127.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 4th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $121.00 price target (up previously from $119.00) on shares of Digital Realty Trust in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $123.40.

Shares of Digital Realty Trust (NYSE:DLR) traded down $0.47 during mid-day trading on Wednesday, reaching $107.01. The company’s stock had a trading volume of 2,366,230 shares, compared to its average volume of 1,502,985. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.46. Digital Realty Trust has a 52-week low of $101.70 and a 52-week high of $127.23. The company has a market capitalization of $21,980.00, a price-to-earnings ratio of 87.00, a P/E/G ratio of 2.15 and a beta of -0.09.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The firm had revenue of $609.90 million during the quarter, compared to analyst estimates of $595.49 million. During the same quarter in the previous year, the company posted $1.44 earnings per share. The company’s revenue was up 11.6% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 15th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Thursday, December 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 302.44%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLR. IFP Advisors Inc increased its holdings in Digital Realty Trust by 49.3% during the 3rd quarter. IFP Advisors Inc now owns 8,569 shares of the real estate investment trust’s stock valued at $1,014,000 after purchasing an additional 2,829 shares during the period. Strs Ohio increased its holdings in Digital Realty Trust by 23.1% during the 3rd quarter. Strs Ohio now owns 276,089 shares of the real estate investment trust’s stock valued at $32,669,000 after purchasing an additional 51,720 shares during the period. Lincoln National Corp purchased a new position in Digital Realty Trust during the 3rd quarter valued at about $368,000. Arcadia Investment Management Corp MI increased its holdings in Digital Realty Trust by 2.4% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 26,144 shares of the real estate investment trust’s stock valued at $3,094,000 after purchasing an additional 609 shares during the period. Finally, Shelton Capital Management purchased a new position in Digital Realty Trust during the 3rd quarter valued at about $307,000. 98.34% of the stock is owned by institutional investors.

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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.

Earnings History and Estimates for Digital Realty Trust (NYSE:DLR)

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