KeyCorp Analysts Raise Earnings Estimates for Digital Realty Trust, Inc. (DLR)

Digital Realty Trust, Inc. (NYSE:DLR) – Investment analysts at KeyCorp boosted their FY2017 EPS estimates for Digital Realty Trust in a report issued on Monday. KeyCorp analyst J. Sadler now expects that the real estate investment trust will earn $6.09 per share for the year, up from their prior forecast of $6.07. KeyCorp has a “Buy” rating and a $130.00 price objective on the stock. KeyCorp also issued estimates for Digital Realty Trust’s FY2019 earnings at $7.29 EPS.

DLR has been the topic of several other reports. Canaccord Genuity reiterated a “buy” rating and set a $127.00 target price on shares of Digital Realty Trust in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Monday. William Blair started coverage on shares of Digital Realty Trust in a research report on Friday, September 22nd. They set a “market perform” rating on the stock. Citigroup Inc. reissued a “neutral” rating and set a $127.00 price target on shares of Digital Realty Trust in a report on Tuesday, September 26th. Finally, BidaskClub raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Digital Realty Trust presently has an average rating of “Hold” and an average target price of $124.00.

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Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.40 by $1.11. The firm had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. Digital Realty Trust’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share.

In related news, Director William G. Laperch purchased 1,200 shares of Digital Realty Trust stock in a transaction dated Monday, August 7th. The stock was bought at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the acquisition, the director now directly owns 1,200 shares of the company’s stock, valued at $30,000. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the transaction, the insider now owns 25,733 shares of the company’s stock, valued at approximately $2,996,350.52. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. National Planning Corp lifted its position in shares of Digital Realty Trust by 0.5% in the second quarter. National Planning Corp now owns 2,429 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 12 shares in the last quarter. Blue Chip Partners Inc. lifted its position in shares of Digital Realty Trust by 0.8% in the second quarter. Blue Chip Partners Inc. now owns 1,842 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 15 shares in the last quarter. Shoker Investment Counsel Inc. lifted its position in shares of Digital Realty Trust by 0.8% in the second quarter. Shoker Investment Counsel Inc. now owns 2,034 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 17 shares in the last quarter. Carret Asset Management LLC lifted its position in shares of Digital Realty Trust by 1.0% in the second quarter. Carret Asset Management LLC now owns 3,236 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 31 shares in the last quarter. Finally, Motco lifted its position in shares of Digital Realty Trust by 0.9% in the second quarter. Motco now owns 3,431 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 32 shares in the last quarter.

About Digital Realty Trust

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.

Earnings History and Estimates for Digital Realty Trust (NYSE:DLR)

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