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

Digital Realty Trust (NYSE:DLR) is set to issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce 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.Parties that wish to register for the company’s conference call can do so using this link.

Digital Realty Trust (NYSE:DLR) last announced 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 the consensus estimate of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm 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 Stock Performance

NYSE DLR opened at $165.16 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $51.60 billion, a P/E ratio of 45.88, a P/E/G ratio of 5.08 and a beta of 0.60. Digital Realty Trust has a 12-month low of $113.94 and a 12-month high of $165.65. The firm has a 50-day moving average price of $156.16 and a two-hundred day moving average price of $150.01.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the company’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 value of $90,156.00. Following the completion of the transaction, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. The Goldman Sachs Group initiated coverage on shares of Digital Realty Trust in a report on Monday, July 1st. They issued a “buy” rating and a $175.00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $157.17.

About Digital Realty Trust

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.