DIGITAL RLTY TR/SH (NYSE:DLR) Posts Quarterly Earnings Results, Beats Estimates By $1.12 EPS

DIGITAL RLTY TR/SH (NYSE:DLR) announced its quarterly earnings results on Thursday. The real estate investment trust reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $1.12, Fidelity Earnings reports. The company had revenue of $787.46 million during the quarter, compared to analysts’ expectations of $793.98 million. DIGITAL RLTY TR/SH had a return on equity of 2.69% and a net margin of 9.22%. During the same period in the previous year, the business earned $0.15 earnings per share.

NYSE:DLR traded up $4.97 during trading hours on Friday, hitting $131.50. 3,785,830 shares of the company’s stock traded hands, compared to its average volume of 1,654,411. The firm has a market cap of $26.30 billion, a P/E ratio of 131.50, a P/E/G ratio of 2.75 and a beta of 0.39. DIGITAL RLTY TR/SH has a 52 week low of $110.84 and a 52 week high of $136.32. The business’s fifty day simple moving average is $122.87 and its two-hundred day simple moving average is $122.97. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 1.20.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Thursday, December 12th. DIGITAL RLTY TR/SH’s dividend payout ratio is 65.45%.

In related news, SVP Joshua A. Mills sold 1,500 shares of DIGITAL RLTY TR/SH stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $120.96, for a total transaction of $181,440.00. Following the completion of the sale, the senior vice president now owns 5,666 shares of the company’s stock, valued at $685,359.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew Power sold 16,087 shares of DIGITAL RLTY TR/SH stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $120.05, for a total value of $1,931,244.35. Following the sale, the chief financial officer now directly owns 16,087 shares of the company’s stock, valued at approximately $1,931,244.35. The disclosure for this sale can be found here. Insiders have sold 17,887 shares of company stock valued at $2,150,184 in the last three months. 0.49% of the stock is owned by corporate insiders.

DLR has been the subject of several recent research reports. SunTrust Banks lifted their price target on DIGITAL RLTY TR/SH from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, December 6th. BMO Capital Markets reiterated a “hold” rating and issued a $132.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Monday, December 9th. Jefferies Financial Group upgraded DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and lifted their price target for the company from $132.00 to $141.00 in a research report on Thursday, January 16th. William Blair upgraded DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 30th. Finally, UBS Group lifted their price target on DIGITAL RLTY TR/SH from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $131.86.

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.

Read More: What does a neutral rating on stocks mean?

Earnings History for DIGITAL RLTY TR/SH (NYSE:DLR)

Receive News & Ratings for DIGITAL RLTY TR/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DIGITAL RLTY TR/SH and related companies with MarketBeat.com's FREE daily email newsletter.