DIGITAL RLTY TR/SH (DLR) Forecasted to Post Q2 2019 Earnings of $1.69 Per Share

DIGITAL RLTY TR/SH (NYSE:DLR) – Stock analysts at KeyCorp issued their Q2 2019 EPS estimates for DIGITAL RLTY TR/SH in a note issued to investors on Wednesday, May 1st, according to Zacks Investment Research. KeyCorp analyst J. Sadler forecasts that the real estate investment trust will earn $1.69 per share for the quarter. KeyCorp also issued estimates for DIGITAL RLTY TR/SH’s Q3 2019 earnings at $1.68 EPS and Q4 2019 earnings at $1.71 EPS.

A number of other research analysts have also commented on DLR. BMO Capital Markets restated a “hold” rating and set a $115.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, February 6th. TheStreet lowered shares of DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a research report on Wednesday, February 6th. ValuEngine upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. Raymond James lowered shares of DIGITAL RLTY TR/SH from an “outperform” rating to a “market perform” rating and set a $120.00 target price for the company. in a research report on Monday, March 25th. Finally, Zacks Investment Research upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. DIGITAL RLTY TR/SH presently has a consensus rating of “Buy” and an average target price of $126.64.

Shares of DLR traded up $0.24 during mid-day trading on Monday, reaching $117.72. 535,794 shares of the stock traded hands, compared to its average volume of 1,291,205. The firm has a market capitalization of $24.59 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 2.58 and a beta of 0.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.05 and a quick ratio of 0.05. DIGITAL RLTY TR/SH has a 1 year low of $100.05 and a 1 year high of $125.10.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.08. The firm had revenue of $814.50 million during the quarter, compared to analyst estimates of $800.13 million. DIGITAL RLTY TR/SH had a net margin of 10.95% and a return on equity of 3.27%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.67%. The ex-dividend date is Thursday, June 13th. DIGITAL RLTY TR/SH’s dividend payout ratio is presently 65.45%.

In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 400 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $117.25, for a total value of $46,900.00. Following the completion of the sale, the director now directly owns 400 shares of the company’s stock, valued at $46,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward F. Sham sold 17,233 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $119.65, for a total transaction of $2,061,928.45. Following the completion of the sale, the insider now directly owns 21,571 shares of the company’s stock, valued at $2,580,970.15. The disclosure for this sale can be found here. Insiders sold 27,633 shares of company stock valued at $3,300,928 over the last three months. 0.49% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of DLR. Bessemer Group Inc. raised its stake in shares of DIGITAL RLTY TR/SH by 72.6% during the fourth quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 98 shares during the last quarter. Ruggie Capital Group bought a new position in shares of DIGITAL RLTY TR/SH during the fourth quarter valued at about $28,000. Parkside Financial Bank & Trust raised its stake in shares of DIGITAL RLTY TR/SH by 223.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 382 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 264 shares during the last quarter. FTB Advisors Inc. raised its stake in shares of DIGITAL RLTY TR/SH by 217.4% during the first quarter. FTB Advisors Inc. now owns 346 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 237 shares during the last quarter. Finally, We Are One Seven LLC bought a new position in shares of DIGITAL RLTY TR/SH during the fourth quarter valued at about $42,000. 99.17% of the stock is owned by institutional investors and hedge funds.

About DIGITAL RLTY TR/SH

Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.

Featured Article: Why do company’s buyback their stock?

Get a free copy of the Zacks research report on DIGITAL RLTY TR/SH (DLR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for DIGITAL RLTY TR/SH (NYSE:DLR)

Receive News & Ratings for DIGITAL RLTY TR/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DIGITAL RLTY TR/SH and related companies with MarketBeat.com's FREE daily email newsletter.