Digital Realty Trust, Inc. (NYSE:DLR) – Analysts at KeyCorp issued their Q4 2017 earnings per share estimates for shares of Digital Realty Trust in a research report issued on Wednesday. KeyCorp analyst J. Sadler forecasts that the real estate investment trust will earn $1.54 per share for the quarter. KeyCorp has a “Buy” rating and a $130.00 price target on the stock. KeyCorp also issued estimates for Digital Realty Trust’s Q1 2018 earnings at $1.60 EPS.
A number of other equities analysts have also recently commented on the company. Wells Fargo & Co upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $109.31 to $120.00 in a report on Friday. SunTrust Banks reiterated a “buy” rating and set a $135.00 price target on shares of Digital Realty Trust in a report on Friday, November 24th. TheStreet cut Digital Realty Trust from a “b” rating to a “c+” rating in a report on Monday, October 30th. Zacks Investment Research cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Deutsche Bank lifted their price target on Digital Realty Trust from $111.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Digital Realty Trust currently has a consensus rating of “Hold” and an average target price of $125.21.
Digital Realty Trust (DLR) opened at $110.98 on Monday. Digital Realty Trust has a 1-year low of $95.50 and a 1-year high of $127.23. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $22,456.93, a PE ratio of 89.50, a P/E/G ratio of 2.74 and a beta of -0.10.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $1.11. The company had revenue of $609.90 million during the quarter, compared to analysts’ expectations of $595.49 million. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. Digital Realty Trust’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 EPS.
Large investors have recently modified their holdings of the company. Blair William & Co. IL acquired a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $384,000. Jennison Associates LLC acquired a new position in Digital Realty Trust during the second quarter valued at approximately $1,966,000. American Century Companies Inc. raised its position in Digital Realty Trust by 14.6% during the second quarter. American Century Companies Inc. now owns 512,547 shares of the real estate investment trust’s stock valued at $57,892,000 after purchasing an additional 65,184 shares in the last quarter. Parallel Advisors LLC raised its position in Digital Realty Trust by 18.0% during the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 148 shares in the last quarter. Finally, Andra AP fonden raised its position in Digital Realty Trust by 42.7% during the second quarter. Andra AP fonden now owns 22,400 shares of the real estate investment trust’s stock valued at $2,530,000 after purchasing an additional 6,700 shares in the last quarter. Institutional investors own 98.31% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Thursday, December 14th. Digital Realty Trust’s dividend payout ratio is presently 300.00%.
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.