Digital Realty Trust, Inc. (DLR) Expected to Earn FY2017 Earnings of $6.05 Per Share
Digital Realty Trust, Inc. (NYSE:DLR) – KeyCorp issued their FY2017 earnings estimates for Digital Realty Trust in a note issued to investors on Thursday. KeyCorp analyst J. Sadler forecasts that the real estate investment trust will post earnings per share of $6.05 for the year. KeyCorp currently has a “Buy” rating and a $130.00 target price on the stock. KeyCorp also issued estimates for Digital Realty Trust’s FY2018 earnings at $6.61 EPS.
Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada upped their price objective on Digital Realty Trust from $127.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup Inc. reaffirmed a “neutral” rating and set a $127.00 target price on shares of Digital Realty Trust in a report on Tuesday, September 26th. William Blair started coverage on shares of Digital Realty Trust in a report on Friday, September 22nd. They set a “market perform” rating for the company. Jefferies Group LLC reiterated a “hold” rating and issued a $119.00 target price on shares of Digital Realty Trust in a research note on Friday, September 15th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $117.00 target price on shares of Digital Realty Trust in a research note on Thursday, September 14th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Digital Realty Trust presently has an average rating of “Buy” and a consensus price target of $121.00.
Shares of Digital Realty Trust (DLR) opened at 116.20 on Monday. Digital Realty Trust has a 12 month low of $85.63 and a 12 month high of $127.23. The firm has a 50-day moving average price of $117.81 and a 200-day moving average price of $114.28. The stock has a market cap of $18.85 billion, a PE ratio of 47.20 and a beta of 0.01.
Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The company had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. During the same period in the previous year, the business earned $1.42 earnings per share. Digital Realty Trust’s quarterly revenue was up 9.9% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Digital Realty Trust by 50.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 328 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Digital Realty Trust by 18.0% during the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 148 shares in the last quarter. Sun Life Financial INC grew its holdings in shares of Digital Realty Trust by 12,844.4% during the second quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 1,156 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of Digital Realty Trust during the second quarter worth $134,000. Finally, Muzinich & Co. Inc. grew its holdings in shares of Digital Realty Trust by 37.1% during 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 in the last quarter.
In related news, insider Christopher Sharp sold 25,733 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the sale, the insider now directly owns 25,733 shares in the company, valued at $2,996,350.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William G. Laperch purchased 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average price of $25.00 per share, with a total value of $30,000.00. Following the completion of the transaction, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $30,000. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.93 dividend. The ex-dividend date was Thursday, September 14th. This represents a $3.72 annualized dividend and a dividend yield of 3.19%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 148.21%.
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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