DIGITAL RLTY TR/SH (DLR) Releases FY19 Earnings Guidance
DIGITAL RLTY TR/SH (NYSE:DLR) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.60-6.70 for the period, compared to the Thomson Reuters consensus estimate of $6.77. DIGITAL RLTY TR/SH also updated its FY18 guidance to $6.55-6.65 EPS.
DLR stock opened at $105.08 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.34 and a quick ratio of 0.34. DIGITAL RLTY TR/SH has a 1-year low of $96.56 and a 1-year high of $125.10. The firm has a market cap of $21.01 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 2.04 and a beta of 0.50.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($1.29). The business had revenue of $768.92 million for the quarter, compared to the consensus estimate of $773.08 million. DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. Equities research analysts predict that DIGITAL RLTY TR/SH will post 6.59 earnings per share for the current fiscal year.
Several research firms have recently commented on DLR. Barclays lowered their price target on shares of DIGITAL RLTY TR/SH from $132.00 to $131.00 and set an overweight rating for the company in a research report on Thursday, January 3rd. Guggenheim upgraded shares of DIGITAL RLTY TR/SH from a neutral rating to a buy rating and set a $125.00 price target for the company in a research report on Monday, October 22nd. Royal Bank of Canada lowered their price target on shares of DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an outperform rating for the company in a research report on Monday, November 5th. BMO Capital Markets set a $120.00 price target on shares of DIGITAL RLTY TR/SH and gave the stock a hold rating in a research report on Friday, October 26th. Finally, Credit Suisse Group set a $123.00 price target on shares of DIGITAL RLTY TR/SH and gave the stock a hold rating in a research report on Thursday, December 20th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $125.43.
In related news, insider Christopher Sharp sold 7,871 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were 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 $1,036,228. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Kennedy sold 400 shares of the company’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $114.51, for a total transaction of $45,804.00. Following the completion of the sale, the director now directly owns 400 shares of the company’s stock, valued at approximately $45,804. The disclosure for this sale can be found here. Insiders sold 13,271 shares of company stock valued at $1,508,840 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.
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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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