Digital Realty Trust, Inc. (NYSE:DLR) – Investment analysts at Jefferies Group reduced their Q2 2017 earnings per share (EPS) estimates for Digital Realty Trust in a report released on Tuesday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will earn $1.49 per share for the quarter, down from their previous forecast of $1.51. Jefferies Group currently has a “Hold” rating and a $105.00 target price on the stock. Jefferies Group also issued estimates for Digital Realty Trust’s Q3 2017 earnings at $1.49 EPS.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. Digital Realty Trust had a net margin of 20.48% and a return on equity of 12.14%. The firm had revenue of $550.60 million during the quarter, compared to analysts’ expectations of $552.59 million. During the same period last year, the business earned $1.42 earnings per share. Digital Realty Trust’s revenue was up 9.2% compared to the same quarter last year.
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A number of other research analysts also recently commented on DLR. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Digital Realty Trust in a research note on Monday, June 12th. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $110.00 to $117.00 and gave the company a “hold” rating in a research note on Monday, May 1st. Cowen and Company raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $106.00 to $126.00 in a research note on Monday, June 12th. Macquarie reaffirmed a “neutral” rating and set a $105.00 price objective on shares of Digital Realty Trust in a research note on Thursday, April 6th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $127.00 price objective on shares of Digital Realty Trust in a research note on Thursday, June 8th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Digital Realty Trust currently has a consensus rating of “Buy” and a consensus target price of $113.60.
Shares of Digital Realty Trust (NYSE:DLR) opened at 116.61 on Thursday. The firm has a market capitalization of $18.63 billion and a PE ratio of 50.22. The company’s 50-day moving average is $115.80 and its 200 day moving average is $106.74. Digital Realty Trust has a 52-week low of $85.63 and a 52-week high of $120.04.
Institutional investors have recently added to or reduced their stakes in the stock. Ledyard National Bank boosted its position in Digital Realty Trust by 15.9% in the first quarter. Ledyard National Bank now owns 1,095 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 150 shares during the period. Muzinich & Co. Inc. boosted its position in Digital Realty Trust by 37.1% in the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 383 shares during the period. Westside Investment Management Inc. acquired a new position in Digital Realty Trust during the first quarter valued at approximately $160,000. AXA acquired a new position in Digital Realty Trust during the first quarter valued at approximately $200,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in Digital Realty Trust during the fourth quarter valued at approximately $202,000.
In other news, SVP Joshua A. Mills sold 4,217 shares of the stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $107.00, for a total transaction of $451,219.00. Following the completion of the transaction, the senior vice president now directly owns 8,383 shares in the company, valued at approximately $896,981. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Joshua A. Mills sold 9,211 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total value of $1,105,320.00. Following the transaction, the senior vice president now owns 13,377 shares of the company’s stock, valued at $1,605,240. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,617 shares of company stock valued at $2,017,329. Company insiders own 0.40% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, June 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 158.97%.
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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