Digital Realty Trust, Inc. (NYSE:DLR) – Research analysts at KeyCorp lowered their Q1 2018 earnings per share (EPS) estimates for Digital Realty Trust in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. KeyCorp analyst J. Sadler now anticipates that the real estate investment trust will earn $1.59 per share for the quarter, down from their prior forecast of $1.60.
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 the Zacks’ consensus estimate of $1.52 by ($1.18). The firm had revenue of $731.45 million for the quarter, compared to analyst estimates of $729.30 million. Digital Realty Trust had a return on equity of 4.03% and a net margin of 10.10%.
Shares of Digital Realty Trust (DLR) traded down $0.19 during mid-day trading on Monday, reaching $105.47. The company had a trading volume of 1,605,967 shares, compared to its average volume of 1,770,000. The firm has a market cap of $21,700.00, a PE ratio of 105.47, a PEG ratio of 2.35 and a beta of 0.01. Digital Realty Trust has a 1 year low of $96.56 and a 1 year high of $127.23. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.25 and a quick ratio of 0.25.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cohen & Steers Inc. boosted its stake in shares of Digital Realty Trust by 100.4% during the 3rd quarter. Cohen & Steers Inc. now owns 13,229,368 shares of the real estate investment trust’s stock worth $1,565,431,000 after acquiring an additional 6,626,871 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Digital Realty Trust by 41.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 6,474,187 shares of the real estate investment trust’s stock worth $766,091,000 after acquiring an additional 1,897,642 shares in the last quarter. AEW Capital Management L P boosted its stake in shares of Digital Realty Trust by 295.4% during the 3rd quarter. AEW Capital Management L P now owns 1,580,668 shares of the real estate investment trust’s stock worth $187,040,000 after acquiring an additional 1,180,868 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Digital Realty Trust by 79.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,332,689 shares of the real estate investment trust’s stock worth $276,860,000 after acquiring an additional 1,032,004 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Digital Realty Trust by 29.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,888,529 shares of the real estate investment trust’s stock worth $341,788,000 after acquiring an additional 664,982 shares in the last quarter. 99.99% of the stock is currently owned by institutional investors.
In other Digital Realty Trust news, SVP Christopher Kenney sold 10,000 shares of Digital Realty Trust stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $103.47, for a total value of $1,034,700.00. Following the sale, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $1,034,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from Digital Realty Trust’s previous quarterly dividend of $0.93. Digital Realty Trust’s payout ratio is currently 372.00%.
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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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