FY2018 Earnings Estimate for DIGITAL RLTY TR/SH Issued By SunTrust Banks (DLR)

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DIGITAL RLTY TR/SH (NYSE:DLR) – Equities research analysts at SunTrust Banks reduced their FY2018 earnings per share estimates for shares of DIGITAL RLTY TR/SH in a report issued on Wednesday, January 9th. SunTrust Banks analyst G. Miller now expects that the real estate investment trust will earn $6.54 per share for the year, down from their previous estimate of $6.57. SunTrust Banks also issued estimates for DIGITAL RLTY TR/SH’s Q4 2018 earnings at $1.62 EPS, Q1 2019 earnings at $1.59 EPS, Q2 2019 earnings at $1.66 EPS, Q3 2019 earnings at $1.60 EPS, Q4 2019 earnings at $1.78 EPS and FY2019 earnings at $6.63 EPS.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.29). The business had revenue of $768.92 million during 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%.

A number of other analysts have also issued reports on DLR. Berenberg Bank initiated coverage on DIGITAL RLTY TR/SH in a research report on Thursday, September 20th. They issued a “hold” rating and a $127.00 target price on the stock. Guggenheim raised DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Monday, October 22nd. BMO Capital Markets set a $120.00 target price on DIGITAL RLTY TR/SH and gave the company a “hold” rating in a research report on Friday, October 26th. Royal Bank of Canada cut their target price on DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. Finally, Citigroup cut their target price on DIGITAL RLTY TR/SH from $131.00 to $126.00 and set a “buy” rating on the stock in a research report on Tuesday, November 6th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $125.43.

Shares of NYSE DLR opened at $106.64 on Friday. The company has a market capitalization of $21.01 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.04 and a beta of 0.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.34 and a current ratio of 0.34. DIGITAL RLTY TR/SH has a 52-week low of $96.56 and a 52-week high of $125.10.

Several institutional investors have recently bought and sold shares of the company. Centaurus Financial Inc. purchased a new position in DIGITAL RLTY TR/SH in the second quarter valued at $103,000. Winslow Evans & Crocker Inc. increased its holdings in DIGITAL RLTY TR/SH by 105.5% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,118 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 574 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in DIGITAL RLTY TR/SH by 378.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,200 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 949 shares during the last quarter. NEXT Financial Group Inc purchased a new position in DIGITAL RLTY TR/SH in the third quarter valued at $156,000. Finally, Brown Brothers Harriman & Co. increased its holdings in DIGITAL RLTY TR/SH by 8,650.0% in the third quarter. Brown Brothers Harriman & Co. now owns 1,400 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 1,384 shares during the last quarter. 99.05% of the stock is currently owned by institutional investors and hedge funds.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Thursday, December 13th. DIGITAL RLTY TR/SH’s dividend payout ratio is currently 65.80%.

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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Earnings History and Estimates for DIGITAL RLTY TR/SH (NYSE:DLR)

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