DIGITAL RLTY TR/SH (NYSE:DLR) Releases FY 2020 After-Hours Earnings Guidance

DIGITAL RLTY TR/SH (NYSE:DLR) updated its FY 2020
After-Hours earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 6.00-6.10 for the period. The company issued revenue guidance of $3.775-3.825 billion, compared to the consensus revenue estimate of $3.73 billion.DIGITAL RLTY TR/SH also updated its FY20 guidance to $6.00-6.10 EPS.

Shares of DLR stock opened at $160.54 on Friday. DIGITAL RLTY TR/SH has a 52-week low of $105.00 and a 52-week high of $165.49. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.45 and a current ratio of 0.45. The company has a 50-day simple moving average of $144.39 and a two-hundred day simple moving average of $137.01. The company has a market capitalization of $43.07 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 3.91 and a beta of 0.19.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($1.28). The company had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $931.10 million. DIGITAL RLTY TR/SH had a net margin of 20.57% and a return on equity of 7.45%. On average, sell-side analysts forecast that DIGITAL RLTY TR/SH will post 6.05 EPS for the current fiscal year.

Several research firms recently commented on DLR. Morgan Stanley started coverage on shares of DIGITAL RLTY TR/SH in a report on Wednesday, June 24th. They set an equal weight rating and a $141.00 target price on the stock. Deutsche Bank assumed coverage on shares of DIGITAL RLTY TR/SH in a research report on Friday, June 5th. They set a buy rating and a $155.00 price target for the company. Credit Suisse Group lifted their price target on shares of DIGITAL RLTY TR/SH from $164.00 to $173.00 and gave the company an outperform rating in a research report on Friday. Wells Fargo & Co restated a buy rating on shares of DIGITAL RLTY TR/SH in a research note on Friday, May 8th. Finally, Zacks Investment Research lowered shares of DIGITAL RLTY TR/SH from a buy rating to a hold rating and set a $141.00 price objective for the company. in a research note on Thursday, May 14th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $151.13.

In related news, insider Cindy Fiedelman sold 768 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $140.56, for a total transaction of $107,950.08. Following the transaction, the insider now directly owns 768 shares in the company, valued at $107,950.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO A William Stein sold 25,000 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $145.00, for a total value of $3,625,000.00. Following the sale, the chief executive officer now owns 25,000 shares of the company’s stock, valued at $3,625,000. The disclosure for this sale can be found here. Insiders sold a total of 87,249 shares of company stock valued at $13,113,723 in the last quarter. Company insiders own 0.61% 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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