Analysts Anticipate Digital Realty Trust, Inc. (DLR) Will Post Quarterly Sales of $729.30 Million

Analysts predict that Digital Realty Trust, Inc. (NYSE:DLR) will post sales of $729.30 million for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Digital Realty Trust’s earnings. The highest sales estimate is $745.50 million and the lowest is $715.37 million. Digital Realty Trust reported sales of $486.87 million in the same quarter last year, which would suggest a positive year over year growth rate of 49.8%. The firm is expected to issue its next earnings report after the market closes on Thursday, February 15th.

On average, analysts expect that Digital Realty Trust will report full-year sales of $729.30 million for the current financial year, with estimates ranging from $2.44 billion to $2.50 billion. For the next year, analysts expect that the firm will report sales of $3.05 billion per share, with estimates ranging from $2.95 billion to $3.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Digital Realty Trust.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $595.49 million. During the same quarter in the previous year, the firm earned $1.44 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year.

A number of research analysts have recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Digital Realty Trust in a research report on Wednesday. They issued a “neutral” rating and a $95.00 price objective on the stock. Robert W. Baird raised shares of Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $124.00 price objective on the stock in a research report on Tuesday. Zacks Investment Research downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Deutsche Bank raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Wednesday, January 10th. Finally, ValuEngine raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $123.40.

Digital Realty Trust (NYSE:DLR) opened at $107.30 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.46 and a quick ratio of 0.46. Digital Realty Trust has a 12-month low of $101.70 and a 12-month high of $127.23. The stock has a market cap of $21,974.14, a P/E ratio of 86.53, a PEG ratio of 2.17 and a beta of -0.09.

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 15th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.47%. The ex-dividend date was Thursday, December 14th. Digital Realty Trust’s dividend payout ratio is presently 300.00%.

A number of large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its position in Digital Realty Trust by 14.9% during the 4th quarter. State of Alaska Department of Revenue now owns 115,221 shares of the real estate investment trust’s stock worth $13,121,000 after purchasing an additional 14,945 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Digital Realty Trust by 6.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,937,283 shares of the real estate investment trust’s stock valued at $220,657,000 after acquiring an additional 115,632 shares during the last quarter. Gateway Investment Advisers LLC boosted its holdings in shares of Digital Realty Trust by 2.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 212,023 shares of the real estate investment trust’s stock valued at $24,149,000 after acquiring an additional 5,385 shares during the last quarter. National Pension Service boosted its holdings in shares of Digital Realty Trust by 24.6% in the 4th quarter. National Pension Service now owns 196,835 shares of the real estate investment trust’s stock valued at $22,420,000 after acquiring an additional 38,900 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Digital Realty Trust by 23.0% in the 4th quarter. Bank of Montreal Can now owns 157,794 shares of the real estate investment trust’s stock valued at $17,973,000 after acquiring an additional 29,533 shares during the last quarter. 98.34% of the stock is currently 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.

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

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