Digital Realty Trust (DLR) Set to Announce Quarterly Earnings on Thursday

Digital Realty Trust (NYSE:DLRGet Rating) is set to release its earnings data after the market closes on Thursday, July 28th. Analysts expect Digital Realty Trust to post earnings of $1.65 per share for the quarter. Digital Realty Trust has set its FY22 guidance at $6.80 to $6.90 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Digital Realty Trust (NYSE:DLRGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($1.40). Digital Realty Trust had a return on equity of 8.13% and a net margin of 31.28%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business earned $1.67 EPS. Digital Realty Trust’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts expect Digital Realty Trust to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Digital Realty Trust Price Performance

DLR stock opened at $123.32 on Thursday. Digital Realty Trust has a 52-week low of $119.63 and a 52-week high of $178.22. The stock’s fifty day simple moving average is $130.55 and its 200-day simple moving average is $139.75. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $35.11 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.58 and a beta of 0.32.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Tuesday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 101.25%.

Insider Buying and Selling at Digital Realty Trust

In other news, EVP Dyer Corey sold 2,504 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $137.27, for a total transaction of $343,724.08. Following the completion of the transaction, the executive vice president now directly owns 11,689 shares in the company, valued at $1,604,549.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Dyer Corey sold 2,504 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $137.27, for a total transaction of $343,724.08. Following the sale, the executive vice president now owns 11,689 shares of the company’s stock, valued at $1,604,549.03. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP David C. Ruberg sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $137.55, for a total value of $6,877,500.00. Following the sale, the executive vice president now directly owns 200,000 shares in the company, valued at approximately $27,510,000. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. RB Capital Management LLC grew its position in Digital Realty Trust by 6.8% during the 1st quarter. RB Capital Management LLC now owns 3,003 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 192 shares in the last quarter. Prudential PLC purchased a new position in Digital Realty Trust during the 1st quarter worth approximately $688,000. Cetera Investment Advisers grew its position in Digital Realty Trust by 31.2% during the 1st quarter. Cetera Investment Advisers now owns 20,511 shares of the real estate investment trust’s stock worth $2,909,000 after purchasing an additional 4,879 shares in the last quarter. Moors & Cabot Inc. purchased a new position in Digital Realty Trust during the 1st quarter worth approximately $424,000. Finally, Candriam Luxembourg S.C.A. grew its position in Digital Realty Trust by 2.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 15,001 shares of the real estate investment trust’s stock worth $2,127,000 after purchasing an additional 390 shares in the last quarter. Institutional investors own 98.53% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of several research reports. Wells Fargo & Company increased their target price on Digital Realty Trust from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, April 25th. Citigroup dropped their target price on Digital Realty Trust from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, June 10th. TD Securities lifted their target price on Digital Realty Trust from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, April 29th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and dropped their target price for the stock from $150.00 to $144.00 in a research report on Wednesday, June 15th. Finally, TheStreet lowered Digital Realty Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.46.

Digital Realty Trust Company Profile

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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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Earnings History for Digital Realty Trust (NYSE:DLR)

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