Equities research analysts expect Digital Realty Trust, Inc. (NYSE:DLR) to post earnings per share of $1.50 for the current quarter, according to Zacks. Eight analysts have made estimates for Digital Realty Trust’s earnings, with the lowest EPS estimate coming in at $1.47 and the highest estimate coming in at $1.56. Digital Realty Trust reported earnings per share of $1.38 in the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The company is expected to issue its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that Digital Realty Trust will report full year earnings of $6.09 per share for the current fiscal year, with EPS estimates ranging from $6.06 to $6.16. For the next financial year, analysts anticipate that the business will report earnings of $6.47 per share, with EPS estimates ranging from $6.45 to $6.48. Zacks’ EPS averages are an average based on a survey of research analysts that cover Digital Realty Trust.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. The firm had revenue of $565.99 million during the quarter, compared to the consensus estimate of $559.93 million. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.42 earnings per share.

Several brokerages have weighed in on DLR. KeyCorp reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Digital Realty Trust in a report on Friday. BidaskClub raised Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Thursday. Canaccord Genuity reaffirmed a “buy” rating and issued a $127.00 price objective on shares of Digital Realty Trust in a report on Friday, August 18th. Zacks Investment Research cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $117.00 price objective on shares of Digital Realty Trust in a report on Friday, July 21st. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Digital Realty Trust has a consensus rating of “Buy” and an average price target of $119.38.

Digital Realty Trust (DLR) traded down 0.08% during trading on Friday, reaching $117.85. 71,405 shares of the company’s stock were exchanged. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 47.87 and a beta of -0.03. The stock’s 50-day moving average price is $113.90 and its 200-day moving average price is $111.75. Digital Realty Trust has a 52-week low of $85.63 and a 52-week high of $121.53.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.93 dividend. The ex-dividend date is Thursday, September 14th. This represents a $3.72 annualized dividend and a dividend yield of 3.15%. Digital Realty Trust’s payout ratio is 148.21%.

In other news, SVP Joshua A. Mills sold 9,211 shares of Digital Realty Trust stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $120.00, for a total value of $1,105,320.00. Following the transaction, the senior vice president now owns 13,377 shares in the company, valued at approximately $1,605,240. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher Sharp sold 25,733 shares of Digital Realty Trust stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total value of $2,996,350.52. Following the completion of the transaction, the insider now owns 25,733 shares in the company, valued at approximately $2,996,350.52. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of Digital Realty Trust by 45.6% in the first quarter. Renaissance Technologies LLC now owns 397,100 shares of the real estate investment trust’s stock valued at $42,247,000 after buying an additional 124,300 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Digital Realty Trust during the first quarter valued at about $1,610,000. Northwestern Mutual Investment Management Company LLC raised its position in shares of Digital Realty Trust by 76.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 32,195 shares of the real estate investment trust’s stock valued at $3,425,000 after buying an additional 13,944 shares during the last quarter. Dean Investment Associates LLC raised its position in shares of Digital Realty Trust by 6.4% in the first quarter. Dean Investment Associates LLC now owns 10,620 shares of the real estate investment trust’s stock valued at $1,130,000 after buying an additional 642 shares during the last quarter. Finally, Azimuth Capital Management LLC raised its position in shares of Digital Realty Trust by 0.6% in the first quarter. Azimuth Capital Management LLC now owns 29,475 shares of the real estate investment trust’s stock valued at $3,136,000 after buying an additional 170 shares during the last quarter.

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About Digital Realty Trust

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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