Digital Realty Trust (DLR) Set to Announce Quarterly Earnings on Thursday

Digital Realty Trust (NYSE:DLR) will be releasing its earnings data after the market closes on Thursday, October 24th. Analysts expect Digital Realty Trust to post earnings of $1.67 per share for the quarter. Digital Realty Trust has set its FY24 guidance at $6.60 to $6.75 EPS and its FY 2024 guidance at 6.600-6.750 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.43). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 EPS. On average, analysts expect Digital Realty Trust to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Digital Realty Trust Trading Up 0.6 %

Shares of NYSE:DLR opened at $162.17 on Thursday. The company has a 50 day moving average of $155.25 and a 200-day moving average of $149.43. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The firm has a market cap of $50.67 billion, a P/E ratio of 45.05, a P/E/G ratio of 5.08 and a beta of 0.60. Digital Realty Trust has a twelve month low of $113.94 and a twelve month high of $165.17.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 3.01%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Insider Activity at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the sale, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DLR shares. TD Cowen cut their price target on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a report on Friday, July 26th. Stifel Nicolaus upped their target price on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. The Goldman Sachs Group initiated coverage on shares of Digital Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $175.00 price objective for the company. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $156.89.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.