Digital Realty Trust, Inc. (NYSE:DLR) – Investment analysts at KeyCorp cut their FY2018 earnings estimates for Digital Realty Trust in a research report issued on Tuesday. KeyCorp analyst J. Sadler now expects that the real estate investment trust will earn $6.63 per share for the year, down from their prior forecast of $6.69. KeyCorp currently has a “Buy” rating and a $130.00 target price on the stock.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $1.11. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The firm had revenue of $609.90 million during the quarter, compared to analysts’ expectations of $595.49 million. During the same period in the previous year, the firm earned $1.44 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis.
Digital Realty Trust (NYSE:DLR) traded up $1.67 during trading hours on Friday, reaching $110.98. The company’s stock had a trading volume of 1,270,791 shares, compared to its average volume of 1,394,781. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $22,456.93, a PE ratio of 89.50, a price-to-earnings-growth ratio of 2.74 and a beta of -0.10. Digital Realty Trust has a 1 year low of $95.50 and a 1 year high of $127.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a $0.93 dividend. The ex-dividend date is Thursday, December 14th. This represents a $3.72 annualized dividend and a yield of 3.35%. Digital Realty Trust’s dividend payout ratio is 300.00%.
A number of large investors have recently added to or reduced their stakes in DLR. Amica Retiree Medical Trust bought a new position in shares of Digital Realty Trust during the third quarter worth approximately $102,000. Grove Bank & Trust increased its stake in shares of Digital Realty Trust by 1,284.6% during the third quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 835 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Digital Realty Trust by 50.9% during the second 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 period. Parallel Advisors LLC increased its stake in shares of Digital Realty Trust by 18.0% during the second 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 period. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Digital Realty Trust by 4,984.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 947 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.
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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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