Jefferies Financial Group Research Analysts Decrease Earnings Estimates for DIGITAL RLTY TR/SH (DLR)

DIGITAL RLTY TR/SH (NYSE:DLR) – Research analysts at Jefferies Financial Group cut their Q1 2019 earnings per share (EPS) estimates for shares of DIGITAL RLTY TR/SH in a report released on Thursday, October 25th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will earn $1.62 per share for the quarter, down from their previous estimate of $1.69. Jefferies Financial Group currently has a “Hold” rating and a $125.00 target price on the stock. Jefferies Financial Group also issued estimates for DIGITAL RLTY TR/SH’s Q3 2019 earnings at $1.67 EPS, Q4 2019 earnings at $1.80 EPS, Q1 2020 earnings at $1.83 EPS, Q2 2020 earnings at $1.91 EPS and Q3 2020 earnings at $1.89 EPS.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.29). DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. The business had revenue of $768.92 million for the quarter, compared to analyst estimates of $773.08 million.



A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of DIGITAL RLTY TR/SH from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Wells Fargo & Co restated a “buy” rating on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 27th. Barclays upped their target price on shares of DIGITAL RLTY TR/SH from $139.00 to $141.00 and gave the company an “overweight” rating in a research report on Thursday, August 2nd. Royal Bank of Canada restated a “buy” rating and set a $131.00 target price on shares of DIGITAL RLTY TR/SH in a research report on Monday, August 13th. Finally, Stifel Nicolaus upped their target price on shares of DIGITAL RLTY TR/SH from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. DIGITAL RLTY TR/SH presently has an average rating of “Buy” and an average price target of $126.81.

DIGITAL RLTY TR/SH stock opened at $103.97 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.30 and a current ratio of 0.34. DIGITAL RLTY TR/SH has a 1 year low of $96.56 and a 1 year high of $125.10. The stock has a market cap of $21.85 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 2.33 and a beta of 0.18.

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of 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 valued at $343,645,000 after acquiring an additional 40,481 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of 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 valued at $239,956,000 after acquiring an additional 96,180 shares during the period. Principal Financial Group Inc. raised its position in shares of DIGITAL RLTY TR/SH by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 1,698,267 shares of the real estate investment trust’s stock valued at $178,964,000 after acquiring an additional 44,436 shares during the period. Duff & Phelps Investment Management Co. raised its position in shares of DIGITAL RLTY TR/SH by 1.0% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 985,344 shares of the real estate investment trust’s stock valued at $109,945,000 after acquiring an additional 9,850 shares during the period. Finally, Resolution Capital Ltd raised its position in shares of DIGITAL RLTY TR/SH by 12.6% in the 2nd quarter. Resolution Capital Ltd now owns 891,292 shares of the real estate investment trust’s stock valued at $99,450,000 after acquiring an additional 99,579 shares during the period. Institutional investors and hedge funds own 98.36% 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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Earnings History and Estimates for DIGITAL RLTY TR/SH (NYSE:DLR)

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