DIGITAL RLTY TR/SH (DLR) Scheduled to Post Quarterly Earnings on Thursday

DIGITAL RLTY TR/SH (NYSE:DLR) is set to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.65 per share for the quarter. DIGITAL RLTY TR/SH has set its FY 2019 guidance at $6.60-6.70 EPS and its FY19 guidance at $6.55-6.60 EPS.Investors interested in participating in the company’s conference call can do so using this link.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings results on Tuesday, February 5th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.67 by ($1.52). The business had revenue of $778.30 million for the quarter, compared to analyst estimates of $789.59 million. DIGITAL RLTY TR/SH had a return on equity of 3.58% and a net margin of 10.87%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. On average, analysts expect DIGITAL RLTY TR/SH to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of NYSE DLR opened at $117.30 on Wednesday. The firm has a market cap of $24.94 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 2.54 and a beta of 0.48. DIGITAL RLTY TR/SH has a 52-week low of $100.05 and a 52-week high of $125.10. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.21 and a quick ratio of 0.21.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from DIGITAL RLTY TR/SH’s previous quarterly dividend of $1.01. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.68%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is presently 65.45%.

In related news, SVP Joshua A. Mills sold 10,000 shares of DIGITAL RLTY TR/SH stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $119.21, for a total value of $1,192,100.00. Following the completion of the transaction, the senior vice president now directly owns 14,166 shares of the company’s stock, valued at $1,688,728.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin Kennedy sold 400 shares of DIGITAL RLTY TR/SH stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $110.13, for a total value of $44,052.00. Following the completion of the transaction, the director now directly owns 400 shares of the company’s stock, valued at $44,052. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

A number of research analysts have issued reports on the company. Jefferies Financial Group cut DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and cut their price objective for the company from $144.00 to $125.00 in a report on Tuesday. Barclays reissued a “buy” rating and set a $143.00 price objective on shares of DIGITAL RLTY TR/SH in a report on Tuesday, April 16th. Zacks Investment Research raised DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a report on Thursday, April 11th. ValuEngine cut DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, Raymond James cut DIGITAL RLTY TR/SH from an “outperform” rating to a “market perform” rating and set a $120.00 price objective for the company. in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $126.64.

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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.

Further Reading: Average Daily Trade Volume – ADTV

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

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