Jefferies Group Equities Analysts Reduce Earnings Estimates for Digital Realty Trust, Inc. (DLR)

Digital Realty Trust, Inc. (NYSE:DLR) – Equities research analysts at Jefferies Group dropped their FY2017 earnings per share (EPS) estimates for Digital Realty Trust in a research note issued on Thursday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $6.07 per share for the year, down from their prior estimate of $6.08. Jefferies Group currently has a “Hold” rating and a $120.00 target price on the stock. Jefferies Group also issued estimates for Digital Realty Trust’s FY2018 earnings at $6.56 EPS and FY2019 earnings at $7.17 EPS.

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Co raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $109.31 to $120.00 in a research report on Friday. SunTrust Banks reaffirmed a “buy” rating and set a $135.00 price target on shares of Digital Realty Trust in a research report on Friday, November 24th. TheStreet cut shares of Digital Realty Trust from a “b” rating to a “c+” rating in a research report on Monday, October 30th. Zacks Investment Research cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, KeyCorp set a $130.00 price target on shares of Digital Realty Trust and gave the stock a “buy” rating in a research report on Sunday, October 29th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $125.21.

Shares of Digital Realty Trust (NYSE DLR) opened at $110.98 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.85. Digital Realty Trust has a 12-month low of $95.50 and a 12-month high of $127.23. The firm has a market cap of $22,800.02, a price-to-earnings ratio of 89.50, a P/E/G ratio of 2.78 and a beta of -0.10.

Digital Realty Trust (NYSE:DLR) last released 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 return on equity of 5.15% and a net margin of 11.71%. The business had revenue of $609.90 million during the quarter, compared to the consensus estimate of $595.49 million. During the same period in the prior year, the firm posted $1.44 EPS. The business’s revenue for the quarter was up 11.6% on a year-over-year basis.

A number of large investors have recently bought and sold shares of DLR. Cohen & Steers Inc. boosted its position in Digital Realty Trust by 100.4% in the 3rd quarter. Cohen & Steers Inc. now owns 13,229,368 shares of the real estate investment trust’s stock valued at $1,565,431,000 after buying an additional 6,626,871 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Digital Realty Trust by 41.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 6,474,187 shares of the real estate investment trust’s stock valued at $766,091,000 after buying an additional 1,897,642 shares during the last quarter. AEW Capital Management L P boosted its position in Digital Realty Trust by 295.4% in the 3rd quarter. AEW Capital Management L P now owns 1,580,668 shares of the real estate investment trust’s stock valued at $187,040,000 after buying an additional 1,180,868 shares during the last quarter. Principal Financial Group Inc. boosted its position in Digital Realty Trust by 171.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,645,291 shares of the real estate investment trust’s stock valued at $185,835,000 after buying an additional 1,039,244 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Digital Realty Trust by 79.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,332,689 shares of the real estate investment trust’s stock valued at $276,860,000 after buying an additional 1,032,004 shares during the last quarter. 98.31% of the stock is owned by institutional investors.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be given a $0.93 dividend. The ex-dividend date is Thursday, December 14th. This represents a $3.72 dividend on an annualized basis and a yield of 3.35%. Digital Realty Trust’s payout ratio is currently 300.00%.

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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.

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

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