Analysts predict that DIGITAL RLTY TR/SH (NYSE:DLR) will announce earnings per share (EPS) of $1.63 for the current quarter, Zacks reports. Eight analysts have made estimates for DIGITAL RLTY TR/SH’s earnings. The lowest EPS estimate is $1.61 and the highest is $1.65. DIGITAL RLTY TR/SH reported earnings of $1.51 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.9%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, October 24th.
According to Zacks, analysts expect that DIGITAL RLTY TR/SH will report full-year earnings of $6.59 per share for the current fiscal year, with EPS estimates ranging from $6.52 to $6.63. For the next year, analysts forecast that the company will post earnings of $7.14 per share, with EPS estimates ranging from $6.98 to $7.28. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow DIGITAL RLTY TR/SH.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 26th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($1.29). The business had revenue of $754.91 million during the quarter, compared to analysts’ expectations of $759.30 million. DIGITAL RLTY TR/SH had a return on equity of 3.02% and a net margin of 9.79%. The company’s revenue was up 33.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.54 earnings per share.
DIGITAL RLTY TR/SH stock traded down $0.86 during mid-day trading on Friday, hitting $120.96. The company’s stock had a trading volume of 1,029,116 shares, compared to its average volume of 1,196,088. The firm has a market capitalization of $25.11 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.68 and a beta of 0.15. DIGITAL RLTY TR/SH has a 1 year low of $96.56 and a 1 year high of $127.23. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.33 and a current ratio of 0.30.
In other news, insider Edward F. Sham sold 10,435 shares of the firm’s stock in a transaction on Friday, July 6th. The stock was sold at an average price of $115.00, for a total transaction of $1,200,025.00. Following the completion of the transaction, the insider now directly owns 6,207 shares in the company, valued at $713,805. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Joshua A. Mills sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the transaction, the senior vice president now owns 9,166 shares of the company’s stock, valued at $1,008,260. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,435 shares of company stock valued at $2,318,775. Company insiders own 0.43% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP raised its stake in shares of DIGITAL RLTY TR/SH by 18.3% in the first quarter. Kayne Anderson Capital Advisors LP now owns 25,900 shares of the real estate investment trust’s stock valued at $2,728,000 after acquiring an additional 4,000 shares in the last quarter. Spinnaker Trust acquired a new stake in shares of DIGITAL RLTY TR/SH in the first quarter valued at $1,640,000. Oppenheimer Asset Management Inc. raised its stake in shares of DIGITAL RLTY TR/SH by 3.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 19,876 shares of the real estate investment trust’s stock valued at $2,095,000 after acquiring an additional 618 shares in the last quarter. Duff & Phelps Investment Management Co. raised its stake in shares of DIGITAL RLTY TR/SH by 8.7% in the first quarter. Duff & Phelps Investment Management Co. now owns 975,494 shares of the real estate investment trust’s stock valued at $102,798,000 after acquiring an additional 77,850 shares in the last quarter. Finally, Honeywell International Inc. raised its stake in shares of DIGITAL RLTY TR/SH by 13.3% in the first quarter. Honeywell International Inc. now owns 70,540 shares of the real estate investment trust’s stock valued at $7,434,000 after acquiring an additional 8,260 shares in the last quarter. Institutional investors and hedge funds own 98.54% of the company’s stock.
DIGITAL RLTY TR/SH Company Profile
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
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