FY2017 EPS Estimates for Digital Realty Trust, Inc. Boosted by KeyCorp (DLR)
Digital Realty Trust, Inc. (NYSE:DLR) – KeyCorp lifted their FY2017 earnings per share estimates for shares of Digital Realty Trust in a research report issued on Monday. KeyCorp analyst J. Sadler now forecasts that the real estate investment trust will earn $6.09 per share for the year, up from their prior estimate of $6.07. KeyCorp currently has a “Buy” rating and a $130.00 target price on the stock. KeyCorp also issued estimates for Digital Realty Trust’s FY2019 earnings at $7.29 EPS.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The company had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. During the same quarter in the prior year, the business posted $1.44 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year.
DLR has been the subject of several other reports. Macquarie reaffirmed a “neutral” rating and issued a $105.00 target price on shares of Digital Realty Trust in a report on Tuesday, July 4th. Canaccord Genuity reaffirmed a “buy” rating and issued a $127.00 target price on shares of Digital Realty Trust in a report on Friday, August 18th. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a report on Monday. William Blair started coverage on shares of Digital Realty Trust in a report on Friday, September 22nd. They set a “market perform” rating for the company. Finally, Citigroup Inc. reissued a “neutral” rating and set a $127.00 price objective on shares of Digital Realty Trust in a report on Tuesday, September 26th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Digital Realty Trust currently has an average rating of “Hold” and a consensus target price of $124.00.
Shares of Digital Realty Trust (NYSE DLR) opened at 118.2038 on Wednesday. Digital Realty Trust has a 12-month low of $85.63 and a 12-month high of $127.23. The firm has a market cap of $19.17 billion, a price-to-earnings ratio of 48.0113 and a beta of 0.01. The company has a 50 day moving average of $118.97 and a 200-day moving average of $116.25.
In other Digital Realty Trust news, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the sale, the insider now directly owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William G. Laperch bought 1,200 shares of Digital Realty Trust stock in a transaction on Monday, August 7th. The shares were acquired at an average cost of $25.00 per share, with a total value of $30,000.00. Following the completion of the acquisition, the director now owns 1,200 shares of the company’s stock, valued at approximately $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in DLR. Northwestern Mutual Wealth Management Co. increased its holdings in Digital Realty Trust by 50.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 328 shares during the last quarter. Parallel Advisors LLC increased its holdings in Digital Realty Trust by 18.0% during the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 148 shares during the last quarter. Sun Life Financial INC increased its holdings in Digital Realty Trust by 12,844.4% during the second quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 1,156 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in Digital Realty Trust during the second quarter valued at approximately $134,000. Finally, Security National Trust Co. purchased a new stake in Digital Realty Trust during the second quarter valued at approximately $164,000.
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.
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