DIGITAL RLTY TR/SH (NYSE:DLR) Issues Quarterly Earnings Results, Misses Expectations By $1.28 EPS

DIGITAL RLTY TR/SH (NYSE:DLR) announced its earnings results on Thursday. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($1.28), MarketWatch Earnings reports. DIGITAL RLTY TR/SH had a net margin of 20.57% and a return on equity of 7.45%. The business had revenue of $993.00 million for the quarter, compared to the consensus estimate of $931.10 million. DIGITAL RLTY TR/SH updated its FY 2020
After-Hours guidance to 6.00-6.10 EPS and its FY20 guidance to $6.00-6.10 EPS.

Shares of NYSE:DLR traded up $1.81 on Friday, hitting $160.54. The stock had a trading volume of 4,292,074 shares, compared to its average volume of 1,285,780. DIGITAL RLTY TR/SH has a twelve month low of $105.00 and a twelve month high of $165.49. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.45 and a current ratio of 0.45. The firm’s 50 day moving average price is $144.39 and its 200-day moving average price is $137.01. The company has a market capitalization of $43.07 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 3.91 and a beta of 0.19.

In related news, SVP Matt Mercier sold 1,511 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $144.74, for a total transaction of $218,702.14. Following the transaction, the senior vice president now owns 1,606 shares in the company, valued at approximately $232,452.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joshua A. Mills sold 1,446 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $140.00, for a total transaction of $202,440.00. Following the transaction, the executive vice president now owns 5,612 shares in the company, valued at approximately $785,680. The disclosure for this sale can be found here. Insiders sold a total of 87,249 shares of company stock worth $13,113,723 in the last 90 days. 0.61% of the stock is owned by corporate insiders.

Several research firms have commented on DLR. Zacks Investment Research cut DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and set a $141.00 price target for the company. in a report on Thursday, May 14th. Citigroup cut DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and set a $150.00 price target for the company. in a report on Monday, May 11th. Morgan Stanley began coverage on DIGITAL RLTY TR/SH in a report on Wednesday, June 24th. They issued an “equal weight” rating and a $141.00 price target for the company. Barclays began coverage on DIGITAL RLTY TR/SH in a report on Wednesday, July 15th. They issued an “overweight” rating and a $165.00 price target for the company. Finally, Robert W. Baird cut DIGITAL RLTY TR/SH from an “outperform” rating to a “neutral” rating and upped their price target for the company from $142.00 to $144.00 in a report on Monday, April 13th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. DIGITAL RLTY TR/SH has a consensus rating of “Buy” and an average price target of $151.13.

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.

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

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