Wall Street brokerages predict that Digital Realty Trust, Inc. (NYSE:DLR) will announce sales of $741.76 million for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Digital Realty Trust’s earnings. The lowest sales estimate is $736.40 million and the highest is $749.40 million. Digital Realty Trust reported sales of $550.57 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 34.7%. The firm is expected to issue its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Digital Realty Trust will report full year sales of $741.76 million for the current financial year, with estimates ranging from $3.06 billion to $3.11 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.31 billion per share, with estimates ranging from $3.16 billion to $3.40 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Digital Realty Trust.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($1.18). The firm had revenue of $731.45 million during the quarter, compared to analysts’ expectations of $729.30 million. Digital Realty Trust had a return on equity of 4.03% and a net margin of 10.10%.
In other news, SVP Christopher Kenney sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $103.47, for a total transaction of $1,034,700.00. Following the transaction, the senior vice president now owns 10,000 shares of the company’s stock, valued at $1,034,700. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.40% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Confluence Investment Management LLC grew its stake in shares of Digital Realty Trust by 1.7% during the fourth quarter. Confluence Investment Management LLC now owns 417,129 shares of the real estate investment trust’s stock valued at $47,511,000 after buying an additional 7,088 shares during the last quarter. Shelton Capital Management bought a new position in Digital Realty Trust in the third quarter worth approximately $307,000. State of Tennessee Treasury Department grew its stake in Digital Realty Trust by 46.0% in the third quarter. State of Tennessee Treasury Department now owns 63,799 shares of the real estate investment trust’s stock worth $7,550,000 after purchasing an additional 20,099 shares in the last quarter. Toronto Dominion Bank grew its stake in Digital Realty Trust by 14.0% in the fourth quarter. Toronto Dominion Bank now owns 88,475 shares of the real estate investment trust’s stock worth $10,078,000 after purchasing an additional 10,841 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Digital Realty Trust by 36.0% in the third quarter. California Public Employees Retirement System now owns 454,005 shares of the real estate investment trust’s stock worth $53,722,000 after purchasing an additional 120,105 shares in the last quarter. 99.99% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Digital Realty Trust (DLR) opened at $103.14 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $21,192.21, a PE ratio of 102.12, a P/E/G ratio of 2.32 and a beta of 0.01. Digital Realty Trust has a 52-week low of $96.56 and a 52-week high of $127.23.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a dividend of $1.01 per share. This is a boost from Digital Realty Trust’s previous quarterly dividend of $0.93. The ex-dividend date is Wednesday, March 14th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.92%. Digital Realty Trust’s dividend payout ratio is currently 368.32%.
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Digital Realty Trust Company Profile
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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