DIGITAL RLTY TR/SH (NYSE:DLR) Expected to Post Earnings of $1.65 Per Share

Wall Street brokerages expect DIGITAL RLTY TR/SH (NYSE:DLR) to report earnings of $1.65 per share for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for DIGITAL RLTY TR/SH’s earnings. The highest EPS estimate is $1.68 and the lowest is $1.60. DIGITAL RLTY TR/SH reported earnings of $1.63 per share in the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The firm is expected to report its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that DIGITAL RLTY TR/SH will report full-year earnings of $6.68 per share for the current financial year, with EPS estimates ranging from $6.61 to $6.80. For the next financial year, analysts anticipate that the firm will report earnings of $7.18 per share, with EPS estimates ranging from $6.74 to $7.98. Zacks’ EPS calculations are an average based on a survey of research analysts that cover DIGITAL RLTY TR/SH.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ 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 10.95% and a return on equity of 3.27%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 EPS.

A number of research analysts recently weighed in on DLR shares. Zacks Investment Research raised DIGITAL RLTY TR/SH from a “sell” rating to a “hold” rating and set a $125.00 price objective on the stock in a report on Friday, June 28th. Stifel Nicolaus set a $130.00 price objective on DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a report on Friday, April 26th. Barclays reaffirmed a “buy” rating and set a $143.00 price objective on shares of DIGITAL RLTY TR/SH in a report on Tuesday, April 16th. Raymond James raised DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and set a $116.00 price objective on the stock in a report on Thursday, June 6th. Finally, TheStreet raised DIGITAL RLTY TR/SH from a “c+” rating to a “b” rating in a report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. DIGITAL RLTY TR/SH has a consensus rating of “Buy” and a consensus target price of $126.58.

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 stock was sold at an average price of $125.00, for a total value of $37,500.00. Following the sale, the director now owns 300 shares of the company’s stock, valued at $37,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward F. Sham sold 11,400 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $122.00, for a total value of $1,390,800.00. Following the completion of the sale, the insider now directly owns 15,738 shares in the company, valued at approximately $1,920,036. The disclosure for this sale can be found here. Insiders sold 29,333 shares of company stock worth $3,537,128 in the last three months. 0.49% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. grew its holdings in DIGITAL RLTY TR/SH by 72.6% in the fourth quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 98 shares during the last quarter. FTB Advisors Inc. lifted its position in shares of DIGITAL RLTY TR/SH by 217.4% in the first quarter. FTB Advisors Inc. now owns 346 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 237 shares in the last quarter. Manchester Financial Inc. purchased a new stake in shares of DIGITAL RLTY TR/SH in the second quarter valued at $46,000. Princeton Global Asset Management LLC purchased a new stake in shares of DIGITAL RLTY TR/SH in the first quarter valued at $51,000. Finally, Bremer Bank National Association purchased a new stake in shares of DIGITAL RLTY TR/SH in the first quarter valued at $56,000. 99.17% of the stock is currently owned by institutional investors.

DLR stock traded up $0.36 on Wednesday, reaching $114.36. 1,893,587 shares of the company’s stock were exchanged, compared to its average volume of 1,238,648. The company has a fifty day moving average of $119.08. DIGITAL RLTY TR/SH has a twelve month low of $100.05 and a twelve month high of $125.19. The company has a market cap of $23.96 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.41 and a beta of 0.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.05 and a current ratio of 0.05.

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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