Digital Realty Trust, Inc. (NYSE:DLR) – Investment analysts at Jefferies Financial Group cut their Q1 2021 earnings estimates for shares of Digital Realty Trust in a research report issued on Friday, April 16th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $1.59 per share for the quarter, down from their prior forecast of $1.61. Jefferies Financial Group also issued estimates for Digital Realty Trust’s FY2021 earnings at $6.48 EPS, Q1 2022 earnings at $1.66 EPS, Q2 2022 earnings at $1.73 EPS, Q4 2022 earnings at $1.76 EPS, FY2022 earnings at $6.92 EPS, Q1 2023 earnings at $1.78 EPS and FY2023 earnings at $7.37 EPS.
A number of other research analysts also recently weighed in on DLR. Wolfe Research initiated coverage on Digital Realty Trust in a report on Thursday, March 18th. They set a “peer perform” rating on the stock. Raymond James dropped their price target on Digital Realty Trust from $175.00 to $168.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, February 16th. They noted that the move was a valuation call. Mizuho decreased their price objective on Digital Realty Trust from $165.00 to $157.00 and set a “buy” rating for the company in a report on Thursday, March 18th. Evercore ISI initiated coverage on Digital Realty Trust in a research report on Wednesday, March 17th. They set an “in-line” rating and a $145.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Digital Realty Trust from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, February 16th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Digital Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $161.89.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, February 11th. The real estate investment trust reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($1.36). Digital Realty Trust had a return on equity of 5.31% and a net margin of 17.50%.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Digital Realty Trust by 5.2% during the 4th quarter. BlackRock Inc. now owns 26,509,610 shares of the real estate investment trust’s stock valued at $3,698,356,000 after buying an additional 1,322,107 shares during the last quarter. FMR LLC increased its position in Digital Realty Trust by 6.9% during the fourth quarter. FMR LLC now owns 10,151,781 shares of the real estate investment trust’s stock valued at $1,416,275,000 after acquiring an additional 651,934 shares during the last quarter. Northern Trust Corp lifted its holdings in Digital Realty Trust by 0.7% in the fourth quarter. Northern Trust Corp now owns 5,167,111 shares of the real estate investment trust’s stock valued at $720,863,000 after acquiring an additional 36,923 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Digital Realty Trust by 15.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 3,848,086 shares of the real estate investment trust’s stock valued at $536,847,000 after acquiring an additional 517,002 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Digital Realty Trust by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,765,248 shares of the real estate investment trust’s stock worth $525,284,000 after purchasing an additional 84,165 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.
In other news, EVP Dyer Corey sold 867 shares of Digital Realty Trust stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $135.02, for a total value of $117,062.34. Following the completion of the sale, the executive vice president now directly owns 9,478 shares in the company, valued at $1,279,719.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin Kennedy sold 200 shares of the business’s stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $134.58, for a total transaction of $26,916.00. Following the transaction, the director now directly owns 200 shares of the company’s stock, valued at $26,916. The disclosure for this sale can be found here. In the last three months, insiders sold 55,780 shares of company stock valued at $7,466,129. Corporate insiders own 0.61% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 15th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, March 12th. This represents a $4.64 annualized dividend and a yield of 3.07%. Digital Realty Trust’s dividend payout ratio is 69.77%.
Digital Realty Trust Company Profile
Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.
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