$1.62 Revenue Per Share A nticipated for DIGITAL RLTY TR/SH (DLR) This Quarter

Equities analysts expect that DIGITAL RLTY TR/SH (NYSE:DLR) will report earnings of $1.62 per share for the current quarter, Zacks reports. Eight analysts have made estimates for DIGITAL RLTY TR/SH’s earnings, with estimates ranging from $1.60 to $1.65. DIGITAL RLTY TR/SH reported earnings of $1.51 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, October 25th.

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On average, analysts expect that DIGITAL RLTY TR/SH will report full year earnings of $6.59 per share for the current fiscal year, with EPS estimates ranging from $6.52 to $6.63. For the next fiscal year, analysts forecast that the business will post earnings of $7.12 per share, with EPS estimates ranging from $6.95 to $7.28. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover DIGITAL RLTY TR/SH.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($1.29). The company had revenue of $754.91 million during the quarter, compared to analysts’ expectations of $759.30 million. DIGITAL RLTY TR/SH had a net margin of 9.79% and a return on equity of 3.02%. The firm’s quarterly revenue was up 33.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 earnings per share.

Several analysts recently issued reports on the stock. Guggenheim restated a “hold” rating and issued a $125.00 price objective on shares of DIGITAL RLTY TR/SH in a report on Friday, July 20th. Citigroup boosted their price objective on shares of DIGITAL RLTY TR/SH from $119.00 to $131.00 and gave the company a “buy” rating in a report on Monday, July 30th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a report on Tuesday, July 31st. BMO Capital Markets restated a “hold” rating and issued a $120.00 price objective on shares of DIGITAL RLTY TR/SH in a report on Friday, July 27th. Finally, Stifel Nicolaus assumed coverage on shares of DIGITAL RLTY TR/SH in a report on Tuesday, July 17th. They issued a “buy” rating and a $128.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $127.24.

Shares of DLR opened at $112.58 on Friday. The stock has a market capitalization of $23.21 billion, a P/E ratio of 18.34, a P/E/G ratio of 2.48 and a beta of 0.18. DIGITAL RLTY TR/SH has a 12-month low of $96.56 and a 12-month high of $125.10. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.30 and a current ratio of 0.30.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a dividend of $1.01 per share. The ex-dividend date was Thursday, September 13th. This represents a $4.04 dividend on an annualized basis and a yield of 3.59%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is presently 65.80%.

Large investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its stake in DIGITAL RLTY TR/SH by 4.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,150,524 shares of the real estate investment trust’s stock worth $239,956,000 after purchasing an additional 96,180 shares during the period. Albion Financial Group UT increased its stake in DIGITAL RLTY TR/SH by 7.9% during the second quarter. Albion Financial Group UT now owns 22,938 shares of the real estate investment trust’s stock worth $2,559,000 after purchasing an additional 1,682 shares during the period. Oppenheimer Asset Management Inc. increased its stake in DIGITAL RLTY TR/SH by 3.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 20,505 shares of the real estate investment trust’s stock worth $2,288,000 after purchasing an additional 629 shares during the period. Tower Research Capital LLC TRC increased its stake in DIGITAL RLTY TR/SH by 6,396.5% during the second quarter. Tower Research Capital LLC TRC now owns 12,993 shares of the real estate investment trust’s stock worth $1,450,000 after purchasing an additional 12,793 shares during the period. Finally, Macquarie Group Ltd. increased its stake in DIGITAL RLTY TR/SH by 121.6% during the second quarter. Macquarie Group Ltd. now owns 124,012 shares of the real estate investment trust’s stock worth $13,837,000 after purchasing an additional 68,039 shares during the period. Institutional investors own 98.37% of the company’s stock.

About DIGITAL RLTY TR/SH

Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.

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