Brokerages Expect Digital Realty Trust, Inc. (DLR) Will Post Quarterly Sales of $741.76 Million

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%.

A number of research firms recently commented on DLR. SunTrust Banks reiterated a “buy” rating and issued a $140.00 target price on shares of Digital Realty Trust in a research report on Friday, November 17th. ValuEngine upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Deutsche Bank upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Wednesday, January 10th. UBS Group upgraded Digital Realty Trust from a “sell” rating to a “neutral” rating and set a $112.00 target price on the stock in a research report on Monday, January 29th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $95.00 target price on shares of Digital Realty Trust in a research report on Tuesday, January 23rd. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $122.25.

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%.

ILLEGAL ACTIVITY NOTICE: “Brokerages Expect Digital Realty Trust, Inc. (DLR) Will Post Quarterly Sales of $741.76 Million” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://sportsperspectives.com/2018/03/12/brokerages-expect-digital-realty-trust-inc-dlr-will-post-quarterly-sales-of-741-76-million.html.

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.

Get a free copy of the Zacks research report on Digital Realty Trust (DLR)

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

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

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

Leave a Reply