Wall Street analysts expect Digital Realty (NYSE:DLR) to post earnings per share (EPS) of $1.61 for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Digital Realty’s earnings, with estimates ranging from $1.59 to $1.63. Digital Realty reported earnings of $1.54 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 4.5%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 26th.
On average, analysts expect that Digital Realty will report full year earnings of $6.55 per share for the current year, with EPS estimates ranging from $6.50 to $6.60. For the next financial year, analysts forecast that the company will report earnings of $7.06 per share, with EPS estimates ranging from $6.86 to $7.21. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Digital Realty.
Digital Realty (NYSE:DLR) last released its quarterly earnings data on Thursday, April 26th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $744.40 million for the quarter, compared to analyst estimates of $742.93 million. Digital Realty had a return on equity of 3.63% and a net margin of 10.23%. The company’s revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS.
Several research firms have recently weighed in on DLR. Barclays lifted their price objective on Digital Realty from $133.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, May 3rd. Robert W. Baird reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Digital Realty in a research note on Friday, February 23rd. Credit Suisse Group lifted their price objective on Digital Realty from $95.00 to $101.00 and gave the company a “hold” rating in a research note on Friday, April 27th. ValuEngine lowered Digital Realty from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. Finally, TheStreet raised Digital Realty from a “c+” rating to a “b” rating in a research note on Thursday, February 15th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Digital Realty has an average rating of “Buy” and an average target price of $122.06.
In related news, SVP Christopher Kenney sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $103.47, for a total transaction of $1,034,700.00. Following the sale, the senior vice president now directly owns 10,000 shares in the company, valued at approximately $1,034,700. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.43% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Toronto Dominion Bank increased its holdings in Digital Realty by 14.0% during the 4th quarter. Toronto Dominion Bank now owns 88,475 shares of the real estate investment trust’s stock worth $10,078,000 after purchasing an additional 10,841 shares during the last quarter. 180 Wealth Advisors LLC purchased a new stake in Digital Realty during the 4th quarter worth approximately $1,017,000. Kayne Anderson Capital Advisors LP increased its holdings in Digital Realty by 18.3% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 25,900 shares of the real estate investment trust’s stock worth $2,728,000 after purchasing an additional 4,000 shares during the last quarter. Resolution Capital Ltd increased its holdings in Digital Realty by 5.5% during the 4th quarter. Resolution Capital Ltd now owns 429,103 shares of the real estate investment trust’s stock worth $48,875,000 after purchasing an additional 22,527 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in Digital Realty by 8.1% during the 4th quarter. LPL Financial LLC now owns 36,189 shares of the real estate investment trust’s stock worth $4,122,000 after purchasing an additional 2,711 shares during the last quarter. Institutional investors and hedge funds own 98.56% of the company’s stock.
NYSE DLR opened at $106.38 on Thursday. The stock has a market capitalization of $21.67 billion, a PE ratio of 17.33, a PEG ratio of 2.36 and a beta of -0.02. Digital Realty has a 1-year low of $96.56 and a 1-year high of $127.23. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.94.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a dividend of $1.01 per share. The ex-dividend date is Thursday, June 14th. This represents a $4.04 annualized dividend and a dividend yield of 3.80%. Digital Realty’s payout ratio is currently 65.80%.
About Digital Realty
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 financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.
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