Digital Realty Trust, Inc. (NYSE:DLR) – Research analysts at Jefferies Group upped their FY2017 EPS estimates for shares of Digital Realty Trust in a note issued to investors on Monday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $6.08 per share for the year, up from their prior forecast of $6.06. Jefferies Group has a “Hold” rating and a $120.00 price objective on the stock. Jefferies Group also issued estimates for Digital Realty Trust’s Q4 2017 earnings at $1.50 EPS, FY2018 earnings at $6.60 EPS and FY2019 earnings at $7.21 EPS.
Several other research analysts have also issued reports on the stock. ValuEngine raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Stifel Nicolaus reissued a “hold” rating and set a $117.00 target price on shares of Digital Realty Trust in a research note on Thursday, September 14th. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research note on Wednesday, October 11th. Deutsche Bank AG increased their target price on shares of Digital Realty Trust from $111.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, Barclays PLC restated a “buy” rating and set a $132.00 price objective on shares of Digital Realty Trust in a report on Friday, September 8th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $125.43.
Digital Realty Trust (NYSE DLR) opened at $122.70 on Tuesday. The stock has a market cap of $19,601.29, a price-to-earnings ratio of 20.21, a P/E/G ratio of 3.55 and a beta of -0.09. Digital Realty Trust has a 12 month low of $85.63 and a 12 month high of $127.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.46.
Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $1.11. The company had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 EPS.
A number of large investors have recently modified their holdings of the business. National Planning Corp boosted its position in Digital Realty Trust by 0.5% during the second quarter. National Planning Corp now owns 2,429 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 12 shares during the period. Blue Chip Partners Inc. boosted its position in Digital Realty Trust by 0.8% during the second quarter. Blue Chip Partners Inc. now owns 1,842 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 15 shares during the period. Shoker Investment Counsel Inc. boosted its position in Digital Realty Trust by 0.8% during the second quarter. Shoker Investment Counsel Inc. now owns 2,034 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 17 shares during the period. Carret Asset Management LLC boosted its position in Digital Realty Trust by 1.0% during the second quarter. Carret Asset Management LLC now owns 3,236 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 31 shares during the period. Finally, Motco boosted its position in Digital Realty Trust by 0.9% during the second quarter. Motco now owns 3,431 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 32 shares during the period.
In other Digital Realty Trust news, insider Christopher Sharp sold 25,733 shares of the stock in a transaction dated 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 transaction, the insider now owns 25,733 shares in the company, valued at $2,996,350.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.72 dividend on an annualized basis and a yield of 3.03%. Digital Realty Trust’s dividend payout ratio is presently 300.00%.
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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