Wall Street analysts forecast that Digital Realty Trust, Inc. (NYSE:DLR) will report $729.30 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Digital Realty Trust’s earnings. The highest sales estimate is $745.50 million and the lowest is $715.37 million. Digital Realty Trust reported sales of $486.87 million during the same quarter last year, which indicates a positive year-over-year growth rate of 49.8%. The firm is scheduled to report its next earnings results on Thursday, February 15th.
According to Zacks, analysts expect that Digital Realty Trust will report full year sales of $729.30 million for the current year, with estimates ranging from $2.44 billion to $2.50 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.06 billion per share, with estimates ranging from $2.95 billion to $3.13 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Digital Realty Trust.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 firm posted $1.44 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Digital Realty Trust by 1.0% during the second quarter. Vanguard Group Inc. now owns 27,928,426 shares of the real estate investment trust’s stock worth $3,154,515,000 after buying an additional 284,515 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Digital Realty Trust by 2.8% in the second quarter. BlackRock Inc. now owns 15,575,651 shares of the real estate investment trust’s stock valued at $1,759,269,000 after purchasing an additional 428,327 shares during the last quarter. Cohen & Steers Inc. increased its holdings in shares of Digital Realty Trust by 100.4% in the third 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 purchasing an additional 6,626,871 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Digital Realty Trust by 41.5% in the third 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 purchasing an additional 1,897,642 shares during the last quarter. Finally, PGGM Investments increased its holdings in shares of Digital Realty Trust by 15.2% in the third quarter. PGGM Investments now owns 2,923,831 shares of the real estate investment trust’s stock valued at $345,977,000 after purchasing an additional 386,208 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.
Shares of Digital Realty Trust (NYSE:DLR) traded up $0.72 on Wednesday, reaching $113.00. 1,064,293 shares of the company’s stock were exchanged, compared to its average volume of 1,280,000. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.46. Digital Realty Trust has a 1 year low of $101.57 and a 1 year high of $127.23. The company has a market capitalization of $23,220.00, a price-to-earnings ratio of 91.87, a P/E/G ratio of 2.27 and a beta of -0.09.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.72 dividend on an annualized basis and a yield of 3.29%. Digital Realty Trust’s payout ratio is 302.44%.
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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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