Digital Realty Trust, Inc. (NYSE:DLR) to Post Q3 2022 Earnings of $1.72 Per Share, William Blair Forecasts

Digital Realty Trust, Inc. (NYSE:DLRGet Rating) – Equities research analysts at William Blair lowered their Q3 2022 earnings estimates for shares of Digital Realty Trust in a report issued on Friday, July 29th. William Blair analyst J. Breen now anticipates that the real estate investment trust will earn $1.72 per share for the quarter, down from their previous estimate of $1.73. The consensus estimate for Digital Realty Trust’s current full-year earnings is $6.84 per share. William Blair also issued estimates for Digital Realty Trust’s Q4 2022 earnings at $1.76 EPS and FY2023 earnings at $7.09 EPS.

Several other equities analysts also recently commented on DLR. Morgan Stanley cut their price target on shares of Digital Realty Trust from $154.00 to $141.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 26th. TheStreet downgraded shares of Digital Realty Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, July 12th. Citigroup dropped their price objective on shares of Digital Realty Trust from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, June 10th. TD Securities increased their price objective on shares of Digital Realty Trust from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, April 29th. Finally, Wells Fargo & Company decreased their target price on shares of Digital Realty Trust from $165.00 to $155.00 and set a “maintains” rating for the company in a research report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

Digital Realty Trust Stock Down 3.3 %

Shares of DLR stock opened at $132.45 on Monday. The stock has a market cap of $37.70 billion, a P/E ratio of 27.48, a PEG ratio of 2.75 and a beta of 0.32. Digital Realty Trust has a 52 week low of $119.63 and a 52 week high of $178.22. 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 company’s fifty day simple moving average is $130.68 and its two-hundred day simple moving average is $137.79.

Digital Realty Trust (NYSE:DLRGet Rating) last issued its earnings results 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 firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Digital Realty Trust had a return on equity of 8.13% and a net margin of 31.28%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 EPS.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a $1.22 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.68%. Digital Realty Trust’s dividend payout ratio is currently 101.25%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tyler Stone Wealth Management acquired a new stake in Digital Realty Trust during the fourth quarter valued at $25,000. FSB Premier Wealth Management Inc. acquired a new stake in Digital Realty Trust during the fourth quarter valued at $31,000. Core Alternative Capital grew its position in Digital Realty Trust by 1,133.3% during the first quarter. Core Alternative Capital now owns 222 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 204 shares during the period. Marshall & Sullivan Inc. WA acquired a new stake in Digital Realty Trust during the second quarter valued at $31,000. Finally, Covestor Ltd acquired a new stake in Digital Realty Trust during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 98.53% of the company’s stock.

About Digital Realty Trust

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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 and Estimates for Digital Realty Trust (NYSE:DLR)

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