Digital Realty Trust, Inc. to Post Q2 2017 Earnings of $1.48 Per Share, KeyCorp Forecasts (NYSE:DLR)
Digital Realty Trust, Inc. (NYSE:DLR) – Investment analysts at KeyCorp lowered their Q2 2017 EPS estimates for shares of Digital Realty Trust in a research note issued on Monday. KeyCorp analyst J. Sadler now anticipates that the real estate investment trust will post earnings per share of $1.48 for the quarter, down from their previous forecast of $1.49. KeyCorp also issued estimates for Digital Realty Trust’s FY2017 earnings at $6.06 EPS, Q1 2018 earnings at $1.66 EPS, Q2 2018 earnings at $1.68 EPS, Q3 2018 earnings at $1.65 EPS, Q4 2018 earnings at $1.73 EPS and FY2018 earnings at $6.73 EPS.
Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, April 27th. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.03. Digital Realty Trust had a net margin of 20.48% and a return on equity of 12.14%. The firm had revenue of $550.60 million for the quarter, compared to analyst estimates of $552.59 million. During the same quarter last year, the business earned $1.42 earnings per share. Digital Realty Trust’s revenue was up 9.2% compared to the same quarter last year.
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Other research analysts also recently issued reports about the stock. BidaskClub raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Royal Bank Of Canada reissued a “buy” rating and issued a $127.00 target price on shares of Digital Realty Trust in a research report on Thursday, June 8th. Wells Fargo & Company downgraded shares of Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 target price on the stock. in a research report on Wednesday, May 17th. Stifel Nicolaus lifted their target price on shares of Digital Realty Trust from $110.00 to $117.00 and gave the stock a “hold” rating in a research report on Monday, May 1st. Finally, Deutsche Bank AG lifted their target price on shares of Digital Realty Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $115.21.
Shares of Digital Realty Trust (NYSE:DLR) opened at 112.00 on Wednesday. The company’s 50-day moving average is $116.89 and its 200-day moving average is $108.44. The firm has a market cap of $17.89 billion, a price-to-earnings ratio of 48.23 and a beta of -0.03. Digital Realty Trust has a 12 month low of $85.63 and a 12 month high of $121.53.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Tuesday, June 13th. Digital Realty Trust’s payout ratio is 158.97%.
In other news, SVP Joshua A. Mills sold 9,211 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total value of $1,105,320.00. Following the completion of the sale, the senior vice president now directly owns 13,377 shares in the company, valued at $1,605,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Ledyard National Bank boosted its stake in shares of Digital Realty Trust by 15.9% in the first quarter. Ledyard National Bank now owns 1,095 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 150 shares during the last quarter. Muzinich & Co. Inc. boosted its stake in shares of Digital Realty Trust by 37.1% in the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 383 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Digital Realty Trust during the first quarter worth $160,000. AXA purchased a new stake in shares of Digital Realty Trust during the first quarter worth $200,000. Finally, Exane Derivatives boosted its stake in shares of Digital Realty Trust by 157.3% in the first quarter. Exane Derivatives now owns 1,909 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 1,167 shares during the last quarter.
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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