Digital Realty Trust, Inc. Expected to Earn FY2018 Earnings of $6.52 Per Share (DLR)

Digital Realty Trust, Inc. (NYSE:DLR) – Investment analysts at Jefferies Group dropped their FY2018 earnings per share (EPS) estimates for shares of Digital Realty Trust in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will earn $6.52 per share for the year, down from their prior estimate of $6.56. Jefferies Group currently has a “Hold” rating and a $120.00 price objective on the stock. Jefferies Group also issued estimates for Digital Realty Trust’s FY2019 earnings at $7.09 EPS.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $1.11. The company had revenue of $609.90 million during the quarter, compared to analyst estimates of $595.49 million. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $1.44 earnings per share.

Several other research firms have also issued reports on DLR. ValuEngine lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Deutsche Bank lifted their price objective on Digital Realty Trust from $111.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. SunTrust Banks reissued a “buy” rating and set a $140.00 price objective on shares of Digital Realty Trust in a research note on Thursday, October 12th. Finally, Robert W. Baird reissued a “neutral” rating and set a $121.00 price objective (up previously from $119.00) on shares of Digital Realty Trust in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Digital Realty Trust currently has a consensus rating of “Buy” and a consensus target price of $123.40.

Digital Realty Trust (NYSE:DLR) traded down $0.47 during trading hours on Wednesday, reaching $107.01. The company had a trading volume of 2,366,230 shares, compared to its average volume of 1,502,985. The company has a market capitalization of $21,980.00, a price-to-earnings ratio of 87.00, a price-to-earnings-growth ratio of 2.15 and a beta of -0.09. Digital Realty Trust has a 12 month low of $101.70 and a 12 month high of $127.23. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.85.

A number of hedge funds have recently modified their holdings of DLR. Eaton Vance Management lifted its stake in Digital Realty Trust by 9.8% during the second quarter. Eaton Vance Management now owns 8,440 shares of the real estate investment trust’s stock worth $953,000 after purchasing an additional 751 shares during the last quarter. AXA lifted its stake in shares of Digital Realty Trust by 26.8% in the 2nd quarter. AXA now owns 2,387 shares of the real estate investment trust’s stock valued at $270,000 after acquiring an additional 504 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Digital Realty Trust by 50.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 328 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Digital Realty Trust by 2.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 497,211 shares of the real estate investment trust’s stock valued at $56,160,000 after acquiring an additional 12,288 shares during the last quarter. Finally, Investment Centers of America Inc. bought a new stake in shares of Digital Realty Trust in the 2nd quarter valued at about $212,000. 98.34% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 15th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, December 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 302.44%.

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Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

Earnings History and Estimates for Digital Realty Trust (NYSE:DLR)

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