Digital Realty Trust, Inc. (NYSE:DLR) – KeyCorp upped their FY2018 earnings per share estimates for shares of Digital Realty Trust in a research note issued to investors on Monday. KeyCorp analyst J. Sadler now expects that the real estate investment trust will earn $6.69 per share for the year, up from their prior estimate of $6.61. KeyCorp has a “Buy” rating and a $130.00 price target on the stock.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $1.11. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The firm had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. During the same quarter in the previous year, the business posted $1.44 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year.
A number of other equities research analysts have also issued reports on DLR. BidaskClub lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Jefferies Group LLC restated a “hold” rating and issued a $120.00 target price on shares of Digital Realty Trust in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Monday, July 17th. Stifel Nicolaus restated a “hold” rating and issued a $117.00 target price on shares of Digital Realty Trust in a research note on Friday, July 21st. Finally, Canaccord Genuity restated a “buy” rating and issued a $127.00 target price on shares of Digital Realty Trust in a research note on Friday, August 18th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $124.00.
Shares of Digital Realty Trust (DLR) traded up $2.62 during mid-day trading on Thursday, reaching $119.56. 370,428 shares of the company’s stock were exchanged, compared to its average volume of 1,207,659. The stock has a market cap of $19,263.92, a price-to-earnings ratio of 19.86 and a beta of -0.09.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its position in Digital Realty Trust by 50.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 328 shares during the last quarter. Parallel Advisors LLC grew its position in Digital Realty Trust by 18.0% in the 2nd quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 148 shares during the last quarter. Sun Life Financial INC grew its position in Digital Realty Trust by 12,844.4% in the 2nd quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 1,156 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in Digital Realty Trust in the 2nd quarter worth about $134,000. Finally, Investment Counselors of Maryland LLC bought a new position in Digital Realty Trust in the 3rd quarter worth about $154,000.
In other news, Director William G. Laperch bought 1,200 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the transaction, the director now owns 1,200 shares in the company, valued at $30,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was 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.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.11%. Digital Realty Trust’s dividend payout ratio is presently 300.00%.
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.
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