Analysts forecast that DIGITAL RLTY TR/SH (NYSE:DLR) will report $1.64 earnings per share for the current quarter, Zacks reports. Eight analysts have made estimates for DIGITAL RLTY TR/SH’s earnings, with the highest EPS estimate coming in at $1.67 and the lowest estimate coming in at $1.60. DIGITAL RLTY TR/SH reported earnings per share of $1.63 during the same quarter last year, which suggests a positive year-over-year growth rate of 0.6%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that DIGITAL RLTY TR/SH will report full year earnings of $6.65 per share for the current financial year, with EPS estimates ranging from $6.60 to $6.68. For the next financial year, analysts forecast that the firm will post earnings of $7.10 per share, with EPS estimates ranging from $6.80 to $7.98. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow DIGITAL RLTY TR/SH.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($1.48). The company had revenue of $801.00 million during the quarter, compared to the consensus estimate of $807.48 million. DIGITAL RLTY TR/SH had a return on equity of 3.01% and a net margin of 10.00%. DIGITAL RLTY TR/SH’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 EPS.

DLR has been the subject of several research analyst reports. Royal Bank of Canada set a $130.00 target price on shares of DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research raised shares of DIGITAL RLTY TR/SH from a “sell” rating to a “hold” rating and set a $125.00 target price for the company in a research report on Friday, June 28th. Argus initiated coverage on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, July 3rd. They issued a “buy” rating and a $140.00 target price for the company. Cowen set a $125.00 target price on shares of DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, ValuEngine downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $127.77.

Shares of DLR traded down $0.89 during midday trading on Friday, hitting $126.53. The company had a trading volume of 960,322 shares, compared to its average volume of 1,204,497. The company’s 50 day moving average price is $120.78 and its 200 day moving average price is $119.08. The stock has a market cap of $26.69 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.78 and a beta of 0.41. DIGITAL RLTY TR/SH has a 52 week low of $100.05 and a 52 week high of $129.57. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.16.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Thursday, September 12th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is presently 65.45%.

In other news, Director Kevin Kennedy sold 300 shares of DIGITAL RLTY TR/SH stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.00, for a total value of $37,500.00. Following the completion of the transaction, the director now directly owns 300 shares of the company’s stock, valued at approximately $37,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward F. Sham sold 11,400 shares of DIGITAL RLTY TR/SH stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $122.00, for a total transaction of $1,390,800.00. Following the completion of the transaction, the insider now directly owns 15,738 shares of the company’s stock, valued at $1,920,036. The disclosure for this sale can be found here. Insiders sold a total of 12,400 shares of company stock valued at $1,513,104 over the last ninety days. Company insiders own 0.49% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new position in DIGITAL RLTY TR/SH during the 2nd quarter valued at about $25,000. Manchester Financial Inc. acquired a new position in DIGITAL RLTY TR/SH during the 2nd quarter valued at about $46,000. Capital Investment Advisory Services LLC boosted its stake in DIGITAL RLTY TR/SH by 256.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 392 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 282 shares during the period. Princeton Global Asset Management LLC acquired a new position in DIGITAL RLTY TR/SH during the 1st quarter valued at about $51,000. Finally, Bremer Bank National Association acquired a new position in DIGITAL RLTY TR/SH during the 1st quarter valued at about $56,000.

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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