$585.71 Million in Sales Expected for Digital Realty Trust, Inc. (DLR) This Quarter
Analysts expect that Digital Realty Trust, Inc. (NYSE:DLR) will post $585.71 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Digital Realty Trust’s earnings, with the lowest sales estimate coming in at $571.64 million and the highest estimate coming in at $603.38 million. Digital Realty Trust reported sales of $546.29 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.2%. The company is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, October 25th.
According to Zacks, analysts expect that Digital Realty Trust will report full-year sales of $585.71 million for the current year, with estimates ranging from $2.32 billion to $2.45 billion. For the next year, analysts anticipate that the firm will report sales of $3.04 billion per share, with estimates ranging from $3.02 billion to $3.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Digital Realty Trust.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $565.99 million during the quarter, compared to analyst estimates of $559.93 million. During the same quarter last year, the firm earned $1.42 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year.
DLR has been the topic of several recent research reports. Barclays PLC restated a “buy” rating and set a $132.00 target price on shares of Digital Realty Trust in a report on Friday, September 8th. BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. William Blair began coverage on Digital Realty Trust in a research note on Friday, September 22nd. They issued a “market perform” rating on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $117.00 price objective on shares of Digital Realty Trust in a research note on Thursday, September 14th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $119.00 price objective on shares of Digital Realty Trust in a research note on Friday, September 15th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $121.00.
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In related news, Director William G. Laperch acquired 1,200 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $25.00 per share, with a total value of $30,000.00. Following the completion of the acquisition, the director now owns 1,200 shares of the company’s stock, valued at $30,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Sharp sold 25,733 shares of Digital Realty Trust stock in a transaction that occurred 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 sale, the insider now directly owns 25,733 shares in the company, valued at $2,996,350.52. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pensionfund Sabic boosted its holdings in Digital Realty Trust by 25.1% during the third quarter. Pensionfund Sabic now owns 14,947 shares of the real estate investment trust’s stock valued at $1,769,000 after purchasing an additional 2,997 shares in the last quarter. Pensionfund DSM Netherlands boosted its holdings in Digital Realty Trust by 6.8% during the third quarter. Pensionfund DSM Netherlands now owns 33,750 shares of the real estate investment trust’s stock valued at $3,994,000 after purchasing an additional 2,150 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in Digital Realty Trust during the third quarter valued at approximately $2,578,000. Perpetual Ltd acquired a new stake in Digital Realty Trust during the second quarter valued at approximately $2,820,000. Finally, Bogart Wealth LLC boosted its holdings in shares of Digital Realty Trust by 46.5% in the 2nd quarter. Bogart Wealth LLC now owns 12,492 shares of the real estate investment trust’s stock worth $1,411,000 after acquiring an additional 3,965 shares in the last quarter.
Digital Realty Trust (NYSE:DLR) traded down 0.16% during midday trading on Tuesday, hitting $118.22. The stock had a trading volume of 1,224,751 shares. Digital Realty Trust has a 12-month low of $85.63 and a 12-month high of $127.23. The company’s 50-day moving average price is $117.92 and its 200 day moving average price is $114.33. The stock has a market cap of $19.17 billion, a P/E ratio of 48.02 and a beta of 0.01.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Thursday, September 14th. Digital Realty Trust’s payout ratio is 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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