Digital Realty (NYSE:DLR) – Equities research analysts at Jefferies Group lifted their FY2018 EPS estimates for Digital Realty in a research report issued to clients and investors on Thursday, April 12th. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will earn $6.58 per share for the year, up from their previous estimate of $6.52.
Other analysts have also recently issued reports about the stock. Deutsche Bank raised shares of Digital Realty from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Wednesday, January 10th. Credit Suisse Group reaffirmed a “hold” rating and issued a $95.00 target price on shares of Digital Realty in a research note on Tuesday, January 23rd. ValuEngine cut shares of Digital Realty from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. Barclays decreased their price target on shares of Digital Realty from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Finally, TheStreet upgraded shares of Digital Realty from a “c+” rating to a “b” rating in a report on Thursday, February 15th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $121.82.
Digital Realty (NYSE:DLR) last released its earnings results on Thursday, February 15th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 had a return on equity of 4.03% and a net margin of 10.10%.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were issued a dividend of $1.01 per share. This is a positive change from Digital Realty’s previous quarterly dividend of $0.93. The ex-dividend date was Wednesday, March 14th. This represents a $4.04 annualized dividend and a dividend yield of 3.92%. Digital Realty’s payout ratio is presently 65.80%.
In related news, SVP Christopher Kenney sold 10,000 shares of Digital Realty stock in a transaction on Friday, March 9th. The shares were 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 in the company, valued at approximately $1,034,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.43% of the company’s stock.
Large investors have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC acquired a new position in shares of Digital Realty during the 4th quarter valued at $165,000. M&R Capital Management Inc. lifted its holdings in shares of Digital Realty by 111.4% during the 4th quarter. M&R Capital Management Inc. now owns 1,480 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 780 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Digital Realty during the 4th quarter valued at $208,000. Ausdal Financial Partners Inc. acquired a new position in shares of Digital Realty during the 4th quarter valued at $213,000. Finally, Verition Fund Management LLC acquired a new position in shares of Digital Realty during the 4th quarter valued at $215,000. Institutional investors and hedge funds own 99.97% of the company’s stock.
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About Digital Realty
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.
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