Brokerages Expect DIGITAL RLTY TR/SH (DLR) Will Announce Earnings of $1.63 Per Share

Wall Street analysts expect DIGITAL RLTY TR/SH (NYSE:DLR) to report earnings of $1.63 per share for the current quarter, Zacks reports. Eight analysts have issued estimates for DIGITAL RLTY TR/SH’s earnings. The highest EPS estimate is $1.65 and the lowest is $1.61. DIGITAL RLTY TR/SH posted earnings of $1.51 per share in the same quarter last year, which would suggest a positive year over year growth rate of 7.9%. The firm is expected to announce its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that DIGITAL RLTY TR/SH will report full-year earnings of $6.59 per share for the current year, with EPS estimates ranging from $6.52 to $6.63. For the next fiscal year, analysts forecast that the company will report earnings of $7.14 per share, with EPS estimates ranging from $6.98 to $7.28. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for DIGITAL RLTY TR/SH.

DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 26th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($1.29). DIGITAL RLTY TR/SH had a net margin of 9.79% and a return on equity of 3.02%. The business had revenue of $754.91 million during the quarter, compared to analysts’ expectations of $759.30 million. During the same period in the prior year, the firm posted $1.54 EPS. DIGITAL RLTY TR/SH’s revenue for the quarter was up 33.4% compared to the same quarter last year.

A number of research firms have recently issued reports on DLR. Zacks Investment Research downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays lifted their price target on shares of DIGITAL RLTY TR/SH from $139.00 to $141.00 and gave the company an “overweight” rating in a research report on Thursday, August 2nd. Credit Suisse Group set a $130.00 price target on shares of DIGITAL RLTY TR/SH and gave the company a “hold” rating in a research report on Wednesday. Stifel Nicolaus lifted their price target on shares of DIGITAL RLTY TR/SH from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $120.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 27th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $127.28.

DLR traded down $0.86 during trading on Friday, reaching $120.96. The company’s stock had a trading volume of 1,029,116 shares, compared to its average volume of 1,196,088. DIGITAL RLTY TR/SH has a 52-week low of $96.56 and a 52-week high of $127.23. The firm has a market capitalization of $25.11 billion, a PE ratio of 19.70, a P/E/G ratio of 2.68 and a beta of 0.15. The company has a current ratio of 0.30, a quick ratio of 0.33 and a debt-to-equity ratio of 0.95.

In related news, insider Edward F. Sham sold 10,435 shares of DIGITAL RLTY TR/SH stock in a transaction that occurred on Friday, July 6th. The stock was sold at an average price of $115.00, for a total transaction of $1,200,025.00. Following the completion of the transaction, the insider now directly owns 6,207 shares in the company, valued at approximately $713,805. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joshua A. Mills sold 2,500 shares of DIGITAL RLTY TR/SH stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $112.50, for a total value of $281,250.00. Following the transaction, the senior vice president now owns 6,666 shares of the company’s stock, valued at $749,925. The disclosure for this sale can be found here. Insiders have sold a total of 20,435 shares of company stock valued at $2,318,775 over the last 90 days. Insiders own 0.43% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its holdings in DIGITAL RLTY TR/SH by 26.5% in the 2nd quarter. Parallel Advisors LLC now owns 2,079 shares of the real estate investment trust’s stock valued at $231,000 after acquiring an additional 436 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in DIGITAL RLTY TR/SH by 22.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,410 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 436 shares during the last quarter. Hunter Associates Investment Management LLC raised its holdings in DIGITAL RLTY TR/SH by 4.5% in the 2nd quarter. Hunter Associates Investment Management LLC now owns 10,500 shares of the real estate investment trust’s stock valued at $1,172,000 after acquiring an additional 450 shares during the last quarter. Advisor Partners LLC raised its holdings in DIGITAL RLTY TR/SH by 22.6% in the 2nd quarter. Advisor Partners LLC now owns 2,469 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 455 shares during the last quarter. Finally, Wills Financial Group Inc. raised its holdings in DIGITAL RLTY TR/SH by 22.6% in the 1st quarter. Wills Financial Group Inc. now owns 2,575 shares of the real estate investment trust’s stock valued at $271,000 after acquiring an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 98.54% of the company’s stock.

About DIGITAL RLTY TR/SH

Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.

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Earnings History and Estimates for DIGITAL RLTY TR/SH (NYSE:DLR)

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