Equities research analysts forecast that DIGITAL RLTY TR/SH (NYSE:DLR) will announce earnings per share of $1.65 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for DIGITAL RLTY TR/SH’s earnings. The highest EPS estimate is $1.72 and the lowest is $1.62. DIGITAL RLTY TR/SH posted earnings of $1.61 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The business is scheduled to announce its next earnings report on Thursday, April 25th.
On average, analysts expect that DIGITAL RLTY TR/SH will report full year earnings of $6.69 per share for the current financial year, with EPS estimates ranging from $6.61 to $6.88. For the next year, analysts expect that the business will post earnings of $7.27 per share, with EPS estimates ranging from $7.01 to $7.75. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow DIGITAL RLTY TR/SH.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its earnings results on Tuesday, February 5th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($1.52). The firm had revenue of $778.30 million during the quarter, compared to analyst estimates of $789.59 million. DIGITAL RLTY TR/SH had a net margin of 10.87% and a return on equity of 3.58%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 400 shares of DIGITAL RLTY TR/SH stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $110.13, for a total transaction of $44,052.00. Following the transaction, the director now owns 400 shares of the company’s stock, valued at approximately $44,052. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.43% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. First Trust Advisors LP increased its stake in shares of DIGITAL RLTY TR/SH by 20.4% during the 3rd quarter. First Trust Advisors LP now owns 39,586 shares of the real estate investment trust’s stock worth $4,453,000 after purchasing an additional 6,712 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of DIGITAL RLTY TR/SH during the 3rd quarter worth approximately $452,000. Wells Fargo & Company MN increased its stake in shares of DIGITAL RLTY TR/SH by 2.3% during the 3rd quarter. Wells Fargo & Company MN now owns 568,907 shares of the real estate investment trust’s stock worth $63,990,000 after purchasing an additional 12,821 shares during the last quarter. American Century Companies Inc. increased its stake in shares of DIGITAL RLTY TR/SH by 86.1% during the 3rd quarter. American Century Companies Inc. now owns 541,222 shares of the real estate investment trust’s stock worth $60,877,000 after purchasing an additional 250,397 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in shares of DIGITAL RLTY TR/SH by 9.4% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 136,717 shares of the real estate investment trust’s stock worth $15,378,000 after purchasing an additional 11,700 shares during the last quarter. 99.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DLR traded up $0.26 during trading hours on Friday, hitting $115.63. The stock had a trading volume of 33,243 shares, compared to its average volume of 1,587,025. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.21 and a quick ratio of 0.31. The company has a market cap of $23.97 billion, a PE ratio of 17.51, a P/E/G ratio of 2.45 and a beta of 0.48. DIGITAL RLTY TR/SH has a 1-year low of $100.05 and a 1-year high of $125.10.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $1.08 per share. The ex-dividend date is Thursday, March 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.74%. This is a boost from DIGITAL RLTY TR/SH’s previous quarterly dividend of $1.01. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is currently 61.21%.
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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