Digital Realty Trust, Inc. (NYSE:DLR) – Research analysts at SunTrust Banks dropped their FY2018 earnings per share estimates for shares of Digital Realty Trust in a report issued on Wednesday. SunTrust Banks analyst G. Miller now forecasts that the real estate investment trust will earn $6.53 per share for the year, down from their previous estimate of $6.54. SunTrust Banks currently has a “Buy” rating and a $135.00 target price on the stock. SunTrust Banks also issued estimates for Digital Realty Trust’s Q1 2019 earnings at $1.73 EPS, Q2 2019 earnings at $1.76 EPS, Q3 2019 earnings at $1.77 EPS and FY2019 earnings at $7.06 EPS.

DLR has been the subject of a number of other research reports. Canaccord Genuity restated a “buy” rating and issued a $127.00 target price on shares of Digital Realty Trust in a research note on Friday, August 18th. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Monday, October 30th. KeyCorp set a $130.00 target price on Digital Realty Trust and gave the company a “buy” rating in a research note on Sunday, October 29th. William Blair began coverage on Digital Realty Trust in a research note on Friday, September 22nd. They issued a “market perform” rating for the company. Finally, Citigroup reiterated a “neutral” rating and set a $127.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, September 26th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $125.07.

Digital Realty Trust (NYSE:DLR) opened at $114.81 on Friday. The company has a market capitalization of $23,586.91, a P/E ratio of 19.20, a PEG ratio of 2.88 and a beta of -0.10. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.46 and a quick ratio of 0.46. Digital Realty Trust has a one year low of $93.39 and a one year high of $127.23.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $1.11. The company had revenue of $609.90 million during the quarter, compared to analysts’ expectations of $595.49 million. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS.

Large investors have recently made changes to their positions in the business. Cohen & Steers Inc. raised its stake in shares of Digital Realty Trust by 100.4% in the third quarter. Cohen & Steers Inc. now owns 13,229,368 shares of the real estate investment trust’s stock worth $1,565,431,000 after purchasing an additional 6,626,871 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Digital Realty Trust by 41.5% in the third quarter. Daiwa Securities Group Inc. now owns 6,474,187 shares of the real estate investment trust’s stock worth $766,091,000 after purchasing an additional 1,897,642 shares during the last quarter. AEW Capital Management L P raised its stake in shares of Digital Realty Trust by 295.4% in the third quarter. AEW Capital Management L P now owns 1,580,668 shares of the real estate investment trust’s stock worth $187,040,000 after purchasing an additional 1,180,868 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Digital Realty Trust by 171.5% in the second quarter. Principal Financial Group Inc. now owns 1,645,291 shares of the real estate investment trust’s stock worth $185,835,000 after purchasing an additional 1,039,244 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Digital Realty Trust by 79.3% in the third quarter. Ameriprise Financial Inc. now owns 2,332,689 shares of the real estate investment trust’s stock worth $276,860,000 after purchasing an additional 1,032,004 shares during the last quarter. Institutional investors and hedge funds own 98.54% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, December 14th. Digital Realty Trust’s payout ratio is 300.00%.

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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.

Earnings History and Estimates for Digital Realty Trust (NYSE:DLR)

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