FY2018 EPS Estimates for DIGITAL RLTY TR/SH Lifted by Analyst (DLR)

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DIGITAL RLTY TR/SH (NYSE:DLR) – KeyCorp upped their FY2018 earnings estimates for shares of DIGITAL RLTY TR/SH in a research note issued on Sunday, October 28th. KeyCorp analyst J. Sadler now anticipates that the real estate investment trust will earn $6.65 per share for the year, up from their prior forecast of $6.63. KeyCorp also issued estimates for DIGITAL RLTY TR/SH’s Q4 2018 earnings at $1.73 EPS and Q3 2019 earnings at $1.80 EPS.

DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($1.29). DIGITAL RLTY TR/SH had a return on equity of 3.96% and a net margin of 11.78%. The business had revenue of $768.92 million for the quarter, compared to analyst estimates of $773.08 million.

A number of other equities research analysts have also commented on DLR. Zacks Investment Research upgraded DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Monday, July 16th. Stifel Nicolaus started coverage on DIGITAL RLTY TR/SH in a research report on Tuesday, July 17th. They set a “buy” rating and a $128.00 price objective for the company. BMO Capital Markets started coverage on DIGITAL RLTY TR/SH in a research report on Tuesday, July 17th. They set a “market perform” rating and a $120.00 price objective for the company. Guggenheim restated a “hold” rating and set a $125.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 20th. Finally, Jefferies Financial Group restated a “hold” rating and set a $125.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 27th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. DIGITAL RLTY TR/SH has an average rating of “Buy” and a consensus price target of $126.81.

Shares of NYSE DLR opened at $103.26 on Wednesday. DIGITAL RLTY TR/SH has a one year low of $96.56 and a one year high of $125.10. The stock has a market cap of $21.85 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 2.33 and a beta of 0.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.34 and a quick ratio of 0.30.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of DIGITAL RLTY TR/SH by 26.5% during the 2nd quarter. Parallel Advisors LLC now owns 2,079 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 436 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of DIGITAL RLTY TR/SH by 22.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,410 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 436 shares in the last quarter. Hunter Associates Investment Management LLC raised its stake in shares of DIGITAL RLTY TR/SH by 4.5% in the 2nd quarter. Hunter Associates Investment Management LLC now owns 10,500 shares of the real estate investment trust’s stock valued at $1,172,000 after acquiring an additional 450 shares in the last quarter. Advisor Partners LLC raised its stake in shares of DIGITAL RLTY TR/SH by 22.6% in the 2nd quarter. Advisor Partners LLC now owns 2,469 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 455 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of DIGITAL RLTY TR/SH by 11.5% in the 2nd quarter. IFP Advisors Inc now owns 4,716 shares of the real estate investment trust’s stock valued at $526,000 after acquiring an additional 485 shares in the last quarter. 98.36% of the stock is owned by institutional investors.

DIGITAL RLTY TR/SH Company Profile

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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