Digital Realty Trust (DLR) to Release Earnings on Thursday

Digital Realty Trust (NYSE:DLR) is set to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Digital Realty Trust to post earnings of $1.63 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $140.61 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average of $141.82 and a 200-day moving average of $136.48. The firm has a market cap of $43.91 billion, a P/E ratio of 47.34, a P/E/G ratio of 3.09 and a beta of 0.54. Digital Realty Trust has a 1-year low of $86.33 and a 1-year high of $154.18.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.47%. Digital Realty Trust’s dividend payout ratio is currently 164.31%.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the sale, the director now owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DLR. Morgan Stanley increased their target price on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Raymond James increased their price target on shares of Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Citigroup increased their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $143.33.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.