DIGITAL RLTY TR/SH (DLR) Updates FY18 Earnings Guidance

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DIGITAL RLTY TR/SH (NYSE:DLR) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $6.55-6.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.59. DIGITAL RLTY TR/SH also updated its FY19 guidance to $6.60-6.70 EPS.

Several equities research analysts have recently commented on the stock. ValuEngine downgraded shares of DIGITAL RLTY TR/SH from a buy rating to a hold rating in a research note on Wednesday, January 2nd. Barclays lowered their price objective on shares of DIGITAL RLTY TR/SH from $132.00 to $131.00 and set an overweight rating for the company in a research note on Thursday, January 3rd. Berenberg Bank assumed coverage on shares of DIGITAL RLTY TR/SH in a research note on Thursday, September 20th. They set a hold rating and a $127.00 price objective for the company. Credit Suisse Group set a $123.00 price objective on shares of DIGITAL RLTY TR/SH and gave the stock a hold rating in a research note on Thursday, December 20th. Finally, 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 note on Monday, November 5th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $125.43.

NYSE DLR opened at $105.08 on Friday. The firm has a market cap of $21.01 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 2.04 and a beta of 0.50. DIGITAL RLTY TR/SH has a 1 year low of $96.56 and a 1 year 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 0.34.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.29). The business had revenue of $768.92 million for the quarter, compared to analyst estimates of $773.08 million. DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. On average, equities analysts predict that DIGITAL RLTY TR/SH will post 6.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $4.04 dividend on an annualized basis and a yield of 3.84%. DIGITAL RLTY TR/SH’s dividend payout ratio is presently 65.80%.

In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 400 shares of DIGITAL RLTY TR/SH stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $114.51, for a total value of $45,804.00. Following the completion of the transaction, the director now owns 400 shares of the company’s stock, valued at $45,804. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Sharp sold 7,871 shares of DIGITAL RLTY TR/SH stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $116.00, for a total transaction of $913,036.00. Following the completion of the transaction, the insider now directly owns 8,933 shares of the company’s stock, valued at approximately $1,036,228. The disclosure for this sale can be found here. Insiders have sold 13,271 shares of company stock valued at $1,508,840 over the last 90 days. 0.43% of the stock is currently owned by insiders.

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About DIGITAL RLTY TR/SH

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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