Equities research analysts forecast that DIGITAL RLTY TR/SH (NYSE:DLR) will announce sales of $795.01 million for the current quarter, according to Zacks. Eight analysts have provided estimates for DIGITAL RLTY TR/SH’s earnings, with the highest sales estimate coming in at $805.80 million and the lowest estimate coming in at $777.50 million. DIGITAL RLTY TR/SH posted sales of $731.45 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The company is expected to issue its next earnings report on Thursday, February 21st.
On average, analysts expect that DIGITAL RLTY TR/SH will report full-year sales of $3.07 billion for the current fiscal year, with estimates ranging from $3.04 billion to $3.13 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.38 billion, with estimates ranging from $3.32 billion to $3.53 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover DIGITAL RLTY TR/SH.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($1.29). The company had revenue of $768.92 million during the quarter, compared to analysts’ expectations of $773.08 million. DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%.
DLR has been the subject of several research reports. Royal Bank of Canada lowered their price target on shares of DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Guggenheim raised shares of DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Monday, October 22nd. BMO Capital Markets set a $120.00 price target on shares of DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research report on Friday, October 26th. ValuEngine raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Citigroup lowered their price target on shares of DIGITAL RLTY TR/SH from $131.00 to $126.00 and set a “buy” rating for the company in a research report on Tuesday, November 6th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $125.47.
DIGITAL RLTY TR/SH stock opened at $115.72 on Friday. The stock has a market capitalization of $23.43 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 2.50 and a beta of 0.44. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.34 and a quick ratio of 0.34. DIGITAL RLTY TR/SH has a 1 year low of $96.56 and a 1 year high of $125.10.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be given a $1.01 dividend. The ex-dividend date is Thursday, December 13th. This represents a $4.04 annualized dividend and a dividend yield of 3.49%. DIGITAL RLTY TR/SH’s payout ratio is presently 65.80%.
In related news, Director Kevin Kennedy sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $114.51, for a total transaction of $45,804.00. Following the completion of the transaction, the director now owns 400 shares in the company, valued at approximately $45,804. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Christopher Sharp sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $110.00, for a total transaction of $550,000.00. Following the transaction, the chief technology officer now owns 6,062 shares of the company’s stock, valued at approximately $666,820. The disclosure for this sale can be found here. Insiders sold a total of 13,271 shares of company stock valued at $1,508,840 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of DLR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of DIGITAL RLTY TR/SH during the 2nd quarter worth approximately $2,406,000. Wedbush Securities Inc. raised its stake in shares of DIGITAL RLTY TR/SH by 25.4% during the 2nd quarter. Wedbush Securities Inc. now owns 6,268 shares of the real estate investment trust’s stock worth $699,000 after acquiring an additional 1,271 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of DIGITAL RLTY TR/SH by 28.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,629 shares of the real estate investment trust’s stock worth $12,344,000 after acquiring an additional 24,804 shares in the last quarter. Boston Common Asset Management LLC bought a new position in shares of DIGITAL RLTY TR/SH during the 2nd quarter worth approximately $1,387,000. Finally, Fieldpoint Private Securities LLC raised its stake in shares of DIGITAL RLTY TR/SH by 101.6% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 2,770 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 1,396 shares in the last quarter. Hedge funds and other institutional investors own 99.10% of the company’s stock.
DIGITAL RLTY TR/SH Company Profile
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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