DIGITAL RLTY TR/SH (NYSE:DLR) – Equities researchers at Jefferies Financial Group decreased their Q3 2019 earnings estimates for DIGITAL RLTY TR/SH in a report released on Monday, October 14th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will earn $1.68 per share for the quarter, down from their prior forecast of $1.71. Jefferies Financial Group also issued estimates for DIGITAL RLTY TR/SH’s Q4 2019 earnings at $1.67 EPS and FY2019 earnings at $6.71 EPS.
Several other research analysts have also recently weighed in on DLR. Royal Bank of Canada set a $130.00 target price on DIGITAL RLTY TR/SH and gave the company a “buy” rating in a research note on Friday, August 9th. Barclays set a $162.00 target price on DIGITAL RLTY TR/SH and gave the company a “buy” rating in a research note on Friday, October 11th. Guggenheim cut DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and raised their target price for the company from $127.00 to $132.00 in a research note on Wednesday, September 11th. Argus started coverage on DIGITAL RLTY TR/SH in a research note on Wednesday, July 3rd. They set a “buy” rating and a $140.00 target price for the company. Finally, KeyCorp raised their target price on DIGITAL RLTY TR/SH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $129.00.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($1.48). DIGITAL RLTY TR/SH had a net margin of 10.00% and a return on equity of 3.01%. The firm had revenue of $801.00 million for the quarter, compared to the consensus estimate of $807.48 million. During the same period in the prior year, the business earned $1.66 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in DLR. Krane Funds Advisors LLC purchased a new stake in DIGITAL RLTY TR/SH in the 2nd quarter worth about $25,000. Manchester Financial Inc. purchased a new stake in DIGITAL RLTY TR/SH in the 2nd quarter worth about $46,000. Capital Investment Advisory Services LLC lifted its stake in DIGITAL RLTY TR/SH by 256.4% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 392 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 282 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in DIGITAL RLTY TR/SH in the 1st quarter worth about $51,000. Finally, HM Payson & Co. purchased a new stake in DIGITAL RLTY TR/SH in the 2nd quarter worth about $59,000.
In related news, Director Kevin Kennedy sold 300 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $125.00, for a total value of $37,500.00. Following the completion of the transaction, the director now owns 300 shares in the company, valued at approximately $37,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $1.08 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.33%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is 65.45%.
About DIGITAL RLTY TR/SH
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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