Equities research analysts expect that DIGITAL RLTY TR/SH (NYSE:DLR) will report $773.08 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for DIGITAL RLTY TR/SH’s earnings, with estimates ranging from $754.20 million to $781.10 million. DIGITAL RLTY TR/SH posted sales of $609.93 million in the same quarter last year, which would indicate a positive year over year growth rate of 26.7%. The business is scheduled to report its next earnings results on Wednesday, October 24th.
On average, analysts expect that DIGITAL RLTY TR/SH will report full year sales of $3.07 billion for the current year, with estimates ranging from $3.03 billion to $3.10 billion. For the next financial year, analysts expect that the business will post sales of $3.33 billion per share, with estimates ranging from $3.25 billion to $3.39 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for DIGITAL RLTY TR/SH.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its earnings results on Thursday, July 26th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $1.61 by ($1.29). DIGITAL RLTY TR/SH had a return on equity of 3.02% and a net margin of 9.79%. The firm had revenue of $754.91 million during the quarter, compared to analysts’ expectations of $759.30 million. During the same period in the previous year, the firm earned $1.54 earnings per share. The firm’s quarterly revenue was up 33.4% compared to the same quarter last year.
Shares of NYSE DLR traded up $0.49 during mid-day trading on Monday, hitting $122.17. The stock had a trading volume of 24,508 shares, compared to its average volume of 742,543. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.95. DIGITAL RLTY TR/SH has a 1 year low of $96.56 and a 1 year high of $125.10. The company has a market cap of $25.31 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.70 and a beta of 0.14.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.31%. The ex-dividend date is Thursday, September 13th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is currently 65.80%.
In other news, insider Edward F. Sham sold 10,435 shares of the business’s stock in a transaction on Friday, July 6th. The shares were sold at an average price of $115.00, for a total transaction of $1,200,025.00. Following the sale, the insider now owns 6,207 shares in the company, valued at approximately $713,805. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Joshua A. Mills sold 2,500 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $112.50, for a total transaction of $281,250.00. Following the sale, the senior vice president now owns 6,666 shares in the company, valued at approximately $749,925. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,435 shares of company stock worth $2,318,775. 0.43% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of DIGITAL RLTY TR/SH by 0.5% during the 1st quarter. BlackRock Inc. now owns 20,281,036 shares of the real estate investment trust’s stock valued at $2,137,215,000 after buying an additional 98,571 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in DIGITAL RLTY TR/SH by 16.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,610,251 shares of the real estate investment trust’s stock worth $380,450,000 after purchasing an additional 505,980 shares in the last quarter. Northern Trust Corp boosted its stake in DIGITAL RLTY TR/SH by 0.5% in the 1st quarter. Northern Trust Corp now owns 3,543,111 shares of the real estate investment trust’s stock worth $373,374,000 after purchasing an additional 18,919 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in DIGITAL RLTY TR/SH by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,079,864 shares of the real estate investment trust’s stock worth $343,645,000 after purchasing an additional 40,481 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in DIGITAL RLTY TR/SH by 4.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,150,524 shares of the real estate investment trust’s stock worth $239,956,000 after purchasing an additional 96,180 shares in the last quarter. Hedge funds and other institutional investors own 98.42% 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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