DIGITAL RLTY TR/SH (NYSE:DLR) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $6.55-6.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.68. The company issued revenue guidance of $3.2-3.3 billion, compared to the consensus revenue estimate of $3.28 billion.DIGITAL RLTY TR/SH also updated its FY 2019 guidance to $6.60-6.70 EPS.

Shares of DLR traded down $2.93 during trading hours on Wednesday, hitting $107.90. The company had a trading volume of 1,345,172 shares, compared to its average volume of 1,414,139. The company has a market cap of $22.86 billion, a P/E ratio of 17.57, a P/E/G ratio of 2.20 and a beta of 0.49. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.96. DIGITAL RLTY TR/SH has a 52-week low of $96.56 and a 52-week high of $125.10.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings data on Tuesday, February 5th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($1.52). DIGITAL RLTY TR/SH had a return on equity of 3.96% and a net margin of 11.78%. The company had revenue of $778.30 million during the quarter, compared to analysts’ expectations of $789.59 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that DIGITAL RLTY TR/SH will post 6.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Friday, December 14th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $4.04 dividend on an annualized basis and a yield of 3.74%. DIGITAL RLTY TR/SH’s dividend payout ratio is presently 65.80%.

A number of research analysts recently issued reports on the company. BMO Capital Markets restated a hold rating and set a $115.00 price target on shares of DIGITAL RLTY TR/SH in a report on Wednesday. Credit Suisse Group set a $123.00 price objective on DIGITAL RLTY TR/SH and gave the company a hold rating in a research note on Thursday, December 20th. ValuEngine upgraded DIGITAL RLTY TR/SH from a hold rating to a buy rating in a report on Thursday, December 6th. Citigroup reduced their target price on DIGITAL RLTY TR/SH from $131.00 to $126.00 and set a buy rating on the stock in a report on Tuesday, November 6th. Finally, Barclays reduced their target price on DIGITAL RLTY TR/SH from $132.00 to $131.00 and set an overweight rating on the stock in a report on Thursday, January 3rd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. DIGITAL RLTY TR/SH has a consensus rating of Buy and an average target price of $126.08.

In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 400 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $114.51, for a total value of $45,804.00. Following the completion of the sale, the director now owns 400 shares in the company, valued at approximately $45,804. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Sharp sold 7,871 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $116.00, for a total value of $913,036.00. Following the completion of the sale, the insider now owns 8,933 shares of the company’s stock, valued at approximately $1,036,228. The disclosure for this sale can be found here. Insiders sold a total of 13,271 shares of company stock valued at $1,508,840 over the last 90 days. 0.43% of the stock is currently owned by company insiders.

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About DIGITAL RLTY TR/SH

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 cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.

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Earnings History and Estimates for DIGITAL RLTY TR/SH (NYSE:DLR)

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