Analysts Expect Digital Realty Trust, Inc. (NYSE:DLR) Will Post Quarterly Sales of $1.16 Billion

Wall Street brokerages expect that Digital Realty Trust, Inc. (NYSE:DLRGet Rating) will announce $1.16 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Digital Realty Trust’s earnings, with estimates ranging from $1.15 billion to $1.18 billion. Digital Realty Trust reported sales of $1.09 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.4%. The business is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Digital Realty Trust will report full year sales of $4.75 billion for the current fiscal year, with estimates ranging from $4.71 billion to $4.78 billion. For the next financial year, analysts forecast that the firm will post sales of $5.21 billion, with estimates ranging from $5.10 billion to $5.44 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Digital Realty Trust.

Digital Realty Trust (NYSE:DLRGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($1.40). The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Digital Realty Trust had a net margin of 31.28% and a return on equity of 8.13%. Digital Realty Trust’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 EPS.

DLR has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Digital Realty Trust from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, April 25th. Barclays raised their price objective on shares of Digital Realty Trust from $148.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Friday, February 18th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Digital Realty Trust from $152.00 to $150.00 in a research report on Tuesday, May 10th. Credit Suisse Group cut their price objective on shares of Digital Realty Trust from $150.00 to $146.00 and set a “neutral” rating for the company in a research report on Friday, February 18th. Finally, TheStreet upgraded shares of Digital Realty Trust from a “c+” rating to a “b-” rating in a research report on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $168.21.

Shares of NYSE DLR opened at $141.51 on Friday. Digital Realty Trust has a fifty-two week low of $124.35 and a fifty-two week high of $178.22. The stock has a market capitalization of $40.28 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 2.74 and a beta of 0.29. The business has a 50-day moving average of $141.05 and a 200-day moving average of $149.54. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.59 and a quick ratio of 0.59.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.45%. Digital Realty Trust’s dividend payout ratio is 101.25%.

A number of hedge funds have recently added to or reduced their stakes in DLR. Cohen & Steers Inc. increased its position in shares of Digital Realty Trust by 74.6% during the third quarter. Cohen & Steers Inc. now owns 11,066,781 shares of the real estate investment trust’s stock worth $1,598,761,000 after acquiring an additional 4,727,471 shares in the last quarter. Norges Bank bought a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $376,609,000. Deutsche Bank AG grew its position in shares of Digital Realty Trust by 251.0% during the 4th quarter. Deutsche Bank AG now owns 2,260,528 shares of the real estate investment trust’s stock valued at $399,820,000 after acquiring an additional 1,616,524 shares during the period. State Street Corp grew its position in shares of Digital Realty Trust by 8.0% during the 1st quarter. State Street Corp now owns 19,146,859 shares of the real estate investment trust’s stock valued at $2,715,025,000 after acquiring an additional 1,425,990 shares during the period. Finally, BlackRock Inc. grew its position in shares of Digital Realty Trust by 5.3% during the 4th quarter. BlackRock Inc. now owns 27,078,699 shares of the real estate investment trust’s stock valued at $4,789,409,000 after acquiring an additional 1,360,474 shares during the period. Institutional investors and hedge funds own 98.53% of the company’s stock.

Digital Realty Trust Company Profile (Get Rating)

Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.

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