DIGITAL RLTY TR/SH (NYSE:DLR) Expected to Post Earnings of $1.60 Per Share

Equities research analysts expect DIGITAL RLTY TR/SH (NYSE:DLR) to announce earnings per share (EPS) of $1.60 for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for DIGITAL RLTY TR/SH’s earnings, with the highest EPS estimate coming in at $1.70 and the lowest estimate coming in at $1.55. DIGITAL RLTY TR/SH posted earnings per share of $1.68 during the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The firm is scheduled to issue its next earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that DIGITAL RLTY TR/SH will report full-year earnings of $6.63 per share for the current financial year, with EPS estimates ranging from $6.58 to $6.74. For the next fiscal year, analysts expect that the firm will report earnings of $6.84 per share, with EPS estimates ranging from $6.29 to $7.32. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow DIGITAL RLTY TR/SH.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.03. The business had revenue of $806.50 million for the quarter, compared to analyst estimates of $814.47 million. DIGITAL RLTY TR/SH had a net margin of 9.22% and a return on equity of 2.69%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS.

Several equities analysts recently weighed in on the stock. Royal Bank of Canada set a $130.00 target price on shares of DIGITAL RLTY TR/SH and gave the company a “buy” rating in a report on Friday, August 9th. Wells Fargo & Co lifted their target price on shares of DIGITAL RLTY TR/SH from $122.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays set a $162.00 target price on shares of DIGITAL RLTY TR/SH and gave the company a “buy” rating in a report on Friday, October 11th. Morgan Stanley lowered shares of DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and lifted their target price for the company from $118.00 to $122.00 in a report on Thursday, September 19th. Finally, William Blair upgraded shares of DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $131.21.

NYSE:DLR opened at $117.12 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.36 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $24.23 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 2.53 and a beta of 0.38. The firm’s fifty day simple moving average is $128.02 and its 200 day simple moving average is $122.04. DIGITAL RLTY TR/SH has a twelve month low of $100.05 and a twelve month high of $136.32.

In other news, Director Kevin Kennedy sold 400 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $116.56, for a total value of $46,624.00. Following the completion of the sale, the director now owns 400 shares of the company’s stock, valued at approximately $46,624. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the stock. Krane Funds Advisors LLC acquired a new position in DIGITAL RLTY TR/SH during the 2nd quarter valued at about $25,000. Bartlett & Co. LLC acquired a new position in DIGITAL RLTY TR/SH during the 3rd quarter valued at about $32,000. Private Ocean LLC boosted its stake in DIGITAL RLTY TR/SH by 1,160.0% during the 3rd quarter. Private Ocean LLC now owns 252 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 232 shares during the period. Riverview Trust Co acquired a new position in DIGITAL RLTY TR/SH during the 3rd quarter valued at about $44,000. Finally, Manchester Financial Inc. acquired a new position in DIGITAL RLTY TR/SH during the 2nd quarter valued at about $46,000.

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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