$1.64 EPS Expected for DIGITAL RLTY TR/SH (NYSE:DLR) This Quarter

Analysts expect DIGITAL RLTY TR/SH (NYSE:DLR) to announce earnings of $1.64 per share for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for DIGITAL RLTY TR/SH’s earnings. The lowest EPS estimate is $1.60 and the highest is $1.67. DIGITAL RLTY TR/SH posted earnings of $1.63 per share in the same quarter last year, which would suggest a positive year over year growth rate of 0.6%. The firm is expected to report its next earnings report on Thursday, October 24th.

On average, analysts expect that DIGITAL RLTY TR/SH will report full-year earnings of $6.65 per share for the current financial year, with EPS estimates ranging from $6.60 to $6.68. For the next financial year, analysts expect that the firm will post earnings of $7.09 per share, with EPS estimates ranging from $6.80 to $7.98. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow DIGITAL RLTY TR/SH.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly 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). The company had revenue of $801.00 million during the quarter, compared to analyst estimates of $807.48 million. DIGITAL RLTY TR/SH had a net margin of 10.00% and a return on equity of 3.01%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 EPS.

DLR has been the subject of several recent research reports. ValuEngine cut shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Raymond James upgraded shares of DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and set a $116.00 target price for the company in a report on Thursday, June 6th. Royal Bank of Canada set a $130.00 target price on shares of DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a report on Friday, August 9th. Stifel Nicolaus set a $130.00 target price on shares of DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Zacks Investment Research upgraded shares of DIGITAL RLTY TR/SH from a “sell” rating to a “hold” rating and set a $125.00 target price for the company in a report on Friday, June 28th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $126.92.

DLR traded up $2.56 during trading hours on Thursday, hitting $120.56. 944,298 shares of the company’s stock were exchanged, compared to its average volume of 1,222,949. DIGITAL RLTY TR/SH has a 1-year low of $100.05 and a 1-year high of $125.19. The stock’s 50-day moving average is $118.12 and its two-hundred day moving average is $117.60. The stock has a market cap of $24.81 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.60 and a beta of 0.43. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.16.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.58%. The ex-dividend date is Thursday, September 12th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is currently 65.45%.

In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 300 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $125.00, for a total transaction of $37,500.00. Following the sale, the director now directly owns 300 shares of the company’s stock, valued at $37,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward F. Sham sold 11,400 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $122.00, for a total transaction of $1,390,800.00. Following the sale, the insider now directly owns 15,738 shares in the company, valued at $1,920,036. The disclosure for this sale can be found here. Insiders have sold 12,100 shares of company stock worth $1,475,604 over the last ninety days. Insiders own 0.49% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of DLR. Forte Capital LLC ADV bought a new position in shares of DIGITAL RLTY TR/SH in the second quarter valued at about $1,199,000. Janus Henderson Group PLC raised its position in shares of DIGITAL RLTY TR/SH by 39.6% in the first quarter. Janus Henderson Group PLC now owns 692,207 shares of the real estate investment trust’s stock valued at $82,374,000 after purchasing an additional 196,481 shares during the period. Perella Weinberg Partners Capital Management LP bought a new position in shares of DIGITAL RLTY TR/SH in the first quarter valued at about $3,717,000. PNC Financial Services Group Inc. raised its position in shares of DIGITAL RLTY TR/SH by 1.3% in the first quarter. PNC Financial Services Group Inc. now owns 27,644 shares of the real estate investment trust’s stock valued at $3,288,000 after purchasing an additional 364 shares during the period. Finally, Lantz Financial LLC raised its position in shares of DIGITAL RLTY TR/SH by 1.7% in the second quarter. Lantz Financial LLC now owns 11,331 shares of the real estate investment trust’s stock valued at $1,350,000 after purchasing an additional 185 shares during the period. 99.17% of the stock is currently owned by hedge funds and other institutional investors.

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

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