DIGITAL RLTY TR/SH (NYSE:DLR) posted its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($1.29), Fidelity Earnings reports. The company had revenue of $768.92 million for the quarter, compared to analysts’ expectations of $773.08 million. DIGITAL RLTY TR/SH had a return on equity of 3.96% and a net margin of 11.78%.
NYSE:DLR traded down $1.38 during midday trading on Friday, hitting $110.62. 1,579,400 shares of the company were exchanged, compared to its average volume of 2,005,682. DIGITAL RLTY TR/SH has a fifty-two week low of $96.56 and a fifty-two week high of $125.10. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.34 and a quick ratio of 0.30. The firm has a market capitalization of $23.09 billion, a P/E ratio of 18.02, a P/E/G ratio of 2.46 and a beta of 0.41.
A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Guggenheim reaffirmed a “hold” rating and set a $125.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 20th. Citigroup increased their price objective on shares of DIGITAL RLTY TR/SH from $119.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. They noted that the move was a valuation call. Zacks Investment Research raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research report on Tuesday, July 31st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $120.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 27th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $126.06.
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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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