Posted by on Apr 30th, 2022
Digital Realty Trust (NYSE:DLRGet Rating) issued an update on its FY22 earnings guidance on Thursday morning. The company provided earnings per share guidance of $6.80 to $6.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.86. The company issued revenue guidance of $4.70 billion to $4.80 billion, compared to the consensus revenue estimate of $4.75 billion.
NYSE DLR traded down $5.38 during trading hours on Friday, reaching $146.12. 2,383,124 shares of the stock traded hands, compared to its average volume of 1,325,798. The stock has a 50 day simple moving average of $141.73 and a two-hundred day simple moving average of $152.37. Digital Realty Trust has a 1 year low of $130.10 and a 1 year high of $178.22. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market cap of $41.60 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 3.18 and a beta of 0.33.
Digital Realty Trust (NYSE:DLRGet Rating) last released its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($1.40). Digital Realty Trust had a net margin of 38.60% and a return on equity of 10.11%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the business earned $1.67 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, sell-side analysts forecast that Digital Realty Trust will post 6.87 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were given a dividend of $1.22 per share. This is an increase from Digital Realty Trust’s previous quarterly dividend of $1.16. The ex-dividend date was Monday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.34%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 101.25%.
Several research analysts have recently commented on DLR shares. Jefferies Financial Group downgraded Digital Realty Trust from a buy rating to a hold rating and decreased their price objective for the stock from $187.00 to $172.00 in a report on Monday, January 10th. TheStreet upgraded Digital Realty Trust from a c+ rating to a b- rating in a report on Tuesday, April 5th. Cowen decreased their price objective on Digital Realty Trust from $162.00 to $149.00 and set a market perform rating on the stock in a report on Friday, February 18th. Stifel Nicolaus decreased their price objective on Digital Realty Trust from $195.00 to $170.00 and set a buy rating on the stock in a report on Friday, February 18th. Finally, Credit Suisse Group decreased their price objective on Digital Realty Trust from $150.00 to $146.00 and set a neutral rating on the stock in a report on Friday, February 18th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and an average price target of $168.36.
A number of institutional investors have recently bought and sold shares of the business. Covington Capital Management boosted its position in Digital Realty Trust by 31.6% during the 4th quarter. Covington Capital Management now owns 625 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Digital Realty Trust by 5.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,710 shares of the real estate investment trust’s stock worth $833,000 after purchasing an additional 252 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of Digital Realty Trust by 4.1% in the 4th quarter. Glenmede Trust Co. NA now owns 8,631 shares of the real estate investment trust’s stock worth $1,526,000 after purchasing an additional 342 shares in the last quarter. Finally, Zullo Investment Group Inc. bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $66,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.
Digital Realty Trust Company Profile (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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Earnings History and Estimates for Digital Realty Trust (NYSE:DLR)

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