Zacks: Brokerages Anticipate DIGITAL RLTY TR/SH (NYSE:DLR) Will Post Earnings of $1.64 Per Share

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Equities research analysts predict that DIGITAL RLTY TR/SH (NYSE:DLR) will 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, with the lowest EPS estimate coming in at $1.60 and the highest estimate coming in at $1.67. DIGITAL RLTY TR/SH reported earnings per share of $1.63 during the same quarter last year, which suggests a positive year-over-year growth rate of 0.6%. The company is scheduled to report its next quarterly earnings report on Thursday, October 24th.

According to Zacks, 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 year, analysts expect that the business will post earnings of $7.09 per share, with EPS estimates ranging from $6.80 to $7.98. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow DIGITAL RLTY TR/SH.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued 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). DIGITAL RLTY TR/SH had a return on equity of 3.01% and a net margin of 10.00%. The company had revenue of $801.00 million for the quarter, compared to analyst estimates of $807.48 million. During the same period in the prior year, the business earned $1.66 earnings per share. DIGITAL RLTY TR/SH’s revenue for the quarter was up 6.1% compared to the same quarter last year.

Several equities research analysts recently weighed in on DLR shares. TheStreet raised DIGITAL RLTY TR/SH from a “c+” rating to a “b” rating in a report on Thursday, April 25th. Raymond James raised DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and set a $116.00 price target for the company in a report on Thursday, June 6th. ValuEngine downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Jefferies Financial Group downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and decreased their price target for the stock from $144.00 to $125.00 in a report on Tuesday, April 23rd. Finally, Cowen set a $125.00 price target on DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a report on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. DIGITAL RLTY TR/SH presently has an average rating of “Buy” and a consensus target price of $126.92.

Shares of NYSE DLR traded up $2.56 during mid-day trading on Thursday, hitting $120.56. 944,298 shares of the company were exchanged, compared to its average volume of 1,222,949. 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 stock has a 50 day simple moving average of $118.12 and a 200-day simple moving average of $117.60. DIGITAL RLTY TR/SH has a 1-year low of $100.05 and a 1-year high of $125.19. The firm has a market cap of $24.81 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 2.60 and a beta of 0.43.

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

In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 300 shares of the 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 completion of the transaction, the director now owns 300 shares in the company, valued at $37,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward F. Sham sold 11,400 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $122.00, for a total value of $1,390,800.00. Following the completion of the transaction, the insider now owns 15,738 shares of the company’s stock, valued at approximately $1,920,036. The disclosure for this sale can be found here. Insiders sold 12,100 shares of company stock valued at $1,475,604 in the last quarter. 0.49% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of DIGITAL RLTY TR/SH by 1.2% in the second quarter. Vanguard Group Inc. now owns 33,699,413 shares of the real estate investment trust’s stock valued at $3,969,454,000 after buying an additional 388,759 shares in the last quarter. APG Asset Management US Inc. increased its position in shares of DIGITAL RLTY TR/SH by 3.5% in the second quarter. APG Asset Management US Inc. now owns 9,304,500 shares of the real estate investment trust’s stock valued at $1,095,977,000 after buying an additional 313,000 shares in the last quarter. FMR LLC boosted its stake in shares of DIGITAL RLTY TR/SH by 3.1% during the first quarter. FMR LLC now owns 4,123,291 shares of the real estate investment trust’s stock valued at $490,672,000 after acquiring an additional 122,913 shares during the last quarter. Northern Trust Corp boosted its stake in shares of DIGITAL RLTY TR/SH by 1.7% during the second quarter. Northern Trust Corp now owns 3,328,399 shares of the real estate investment trust’s stock valued at $392,052,000 after acquiring an additional 57,232 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of DIGITAL RLTY TR/SH by 1.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,303,216 shares of the real estate investment trust’s stock valued at $389,086,000 after acquiring an additional 51,251 shares during the last quarter. Hedge funds and other institutional investors own 99.17% of the company’s stock.

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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