Digital Realty Trust, Inc. (NYSE:DLR) Expected to Announce Quarterly Sales of $1.13 Billion

Equities research analysts expect Digital Realty Trust, Inc. (NYSE:DLRGet Rating) to announce $1.13 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Digital Realty Trust’s earnings, with the highest sales estimate coming in at $1.15 billion and the lowest estimate coming in at $1.11 billion. Digital Realty Trust reported sales of $1.09 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The company is scheduled to announce its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Digital Realty Trust will report full-year sales of $4.80 billion for the current fiscal year, with estimates ranging from $4.75 billion to $5.12 billion. For the next financial year, analysts expect that the company will post sales of $5.19 billion, with estimates ranging from $5.04 billion to $5.33 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Digital Realty Trust.

Digital Realty Trust (NYSE:DLRGet Rating) last issued its earnings results on Thursday, February 17th. The real estate investment trust reported $3.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $3.39. Digital Realty Trust had a return on equity of 10.11% and a net margin of 38.60%. During the same period in the prior year, the firm posted $1.61 earnings per share.

Several equities analysts have recently commented on the stock. Jefferies Financial Group downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $187.00 to $172.00 in a research note on Monday, January 10th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Digital Realty Trust from $175.00 to $152.00 and set a “hold” rating on the stock in a report on Thursday, March 3rd. Bank of America raised their target price on shares of Digital Realty Trust from $175.00 to $190.00 in a report on Monday, January 3rd. Barclays increased their price target on shares of Digital Realty Trust from $148.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Friday, February 18th. Finally, TheStreet upgraded shares of Digital Realty Trust from a “c+” rating to a “b-” rating in a research report on Tuesday, April 5th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of “Buy” and an average price target of $167.00.

DLR stock traded up $3.49 during midday trading on Friday, reaching $148.53. 15,155 shares of the company’s stock traded hands, compared to its average volume of 1,585,977. The company has a 50-day moving average price of $139.50 and a two-hundred day moving average price of $152.05. The firm has a market capitalization of $42.15 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 3.10 and a beta of 0.33. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.43 and a current ratio of 0.43. Digital Realty Trust has a 52 week low of $130.10 and a 52 week high of $178.22.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.29%. This is a positive change from Digital Realty Trust’s previous quarterly dividend of $1.16. Digital Realty Trust’s dividend payout ratio is currently 82.43%.

Several institutional investors have recently bought and sold shares of the company. First National Corp MA ADV increased its holdings in Digital Realty Trust by 2.8% in the third quarter. First National Corp MA ADV now owns 2,378 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 65 shares during the last quarter. AGF Investments LLC increased its holdings in Digital Realty Trust by 1.6% in the third quarter. AGF Investments LLC now owns 4,209 shares of the real estate investment trust’s stock valued at $608,000 after buying an additional 68 shares during the last quarter. Walter & Keenan Financial Consulting Co. MI ADV increased its holdings in Digital Realty Trust by 0.5% in the fourth quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 15,276 shares of the real estate investment trust’s stock valued at $2,702,000 after buying an additional 70 shares during the last quarter. Atlas Private Wealth Management increased its holdings in Digital Realty Trust by 0.8% in the fourth quarter. Atlas Private Wealth Management now owns 8,848 shares of the real estate investment trust’s stock valued at $1,565,000 after buying an additional 72 shares during the last quarter. Finally, Unio Capital LLC increased its holdings in Digital Realty Trust by 2.9% in the third quarter. Unio Capital LLC now owns 2,595 shares of the real estate investment trust’s stock valued at $375,000 after buying an additional 73 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

About Digital Realty Trust (Get Rating)

Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.

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