Wall Street analysts forecast that DIGITAL RLTY TR/SH (NYSE:DLR) will report sales of $798.31 million for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for DIGITAL RLTY TR/SH’s earnings. The lowest sales estimate is $787.63 million and the highest is $818.68 million. DIGITAL RLTY TR/SH posted sales of $744.37 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. The firm is scheduled to announce its next earnings results on Thursday, April 25th.
According to Zacks, analysts expect that DIGITAL RLTY TR/SH will report full-year sales of $3.30 billion for the current fiscal year, with estimates ranging from $3.25 billion to $3.50 billion. For the next financial year, analysts expect that the company will report sales of $3.52 billion, with estimates ranging from $3.43 billion to $3.69 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow DIGITAL RLTY TR/SH.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its earnings results on Tuesday, February 5th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.52). The firm had revenue of $778.30 million during 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%. DIGITAL RLTY TR/SH’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS.
In other news, Director Kevin Kennedy sold 400 shares of the business’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $110.13, for a total value of $44,052.00. Following the sale, the director now owns 400 shares of the company’s stock, valued at approximately $44,052. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. grew its holdings in shares of DIGITAL RLTY TR/SH by 72.6% in the 4th quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 98 shares during the last quarter. Ruggie Capital Group acquired a new position in shares of DIGITAL RLTY TR/SH in the 4th quarter worth $28,000. Parkside Financial Bank & Trust grew its holdings in shares of DIGITAL RLTY TR/SH by 223.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 382 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 264 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of DIGITAL RLTY TR/SH in the 4th quarter worth $42,000. Finally, Bremer Trust National Association acquired a new position in shares of DIGITAL RLTY TR/SH in the 4th quarter worth $51,000. Institutional investors and hedge funds own 99.17% of the company’s stock.
Shares of DLR traded up $0.26 during mid-day trading on Friday, hitting $115.63. The stock had a trading volume of 33,243 shares, compared to its average volume of 1,587,025. The firm has a market cap of $23.97 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.45 and a beta of 0.48. DIGITAL RLTY TR/SH has a fifty-two week low of $100.05 and a fifty-two week high of $125.10. The company has a current ratio of 0.21, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Thursday, March 14th. This is an increase from DIGITAL RLTY TR/SH’s previous quarterly dividend of $1.01. DIGITAL RLTY TR/SH’s payout ratio is currently 61.21%.
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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