Digital Realty Trust (DLR) Set to Announce Earnings on Thursday

Digital Realty Trust (NYSE:DLR) is set to release its earnings data after the market closes on Thursday, July 29th. Analysts expect Digital Realty Trust to post earnings of $1.58 per share for the quarter. Digital Realty Trust has set its FY 2021 guidance at 6.500-6.550 EPS and its FY21 guidance at $6.50-$6.55 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, April 29th. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.27). Digital Realty Trust had a net margin of 12.43% and a return on equity of 3.31%. On average, analysts expect Digital Realty Trust to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of Digital Realty Trust stock opened at $154.68 on Thursday. The firm has a fifty day simple moving average of $154.18. The company has a market cap of $43.56 billion, a P/E ratio of 100.44, a PEG ratio of 3.52 and a beta of 0.11. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.76. Digital Realty Trust has a 52 week low of $124.65 and a 52 week high of $165.49.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Monday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 74.60%.

In related news, SVP Matt Mercier sold 205 shares of the company’s stock in a transaction on Monday, June 14th. The stock was sold at an average price of $162.25, for a total transaction of $33,261.25. Following the completion of the sale, the senior vice president now directly owns 202 shares in the company, valued at approximately $32,774.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David C. Ruberg sold 200,000 shares of the company’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $151.84, for a total value of $30,368,000.00. Following the sale, the executive vice president now owns 483,159 shares of the company’s stock, valued at $73,362,862.56. The disclosure for this sale can be found here. Insiders have sold a total of 561,440 shares of company stock valued at $86,744,705 over the last 90 days. 0.52% of the stock is currently owned by company insiders.

Several equities analysts have commented on the company. Barclays upped their price objective on Digital Realty Trust from $169.00 to $177.00 and gave the company an “overweight” rating in a research report on Tuesday, April 27th. Credit Suisse Group upped their price objective on Digital Realty Trust from $167.00 to $169.00 and gave the company an “outperform” rating in a research report on Friday, April 30th. TD Securities upped their price objective on Digital Realty Trust from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, April 30th. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating and set a $167.00 price objective on the stock. in a research report on Thursday, July 15th. Finally, Mizuho increased their price target on Digital Realty Trust from $157.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, April 21st. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $165.20.

About Digital Realty Trust

Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.

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Earnings History for Digital Realty Trust (NYSE:DLR)

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