Digital Realty Trust (DLR) Scheduled to Post Quarterly Earnings on Thursday

Digital Realty Trust (NYSE:DLR) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Digital Realty Trust to post earnings of $1.63 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Digital Realty Trust Trading Down 2.5 %

Shares of DLR stock opened at $138.78 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $43.34 billion, a P/E ratio of 46.73, a P/E/G ratio of 3.25 and a beta of 0.54. Digital Realty Trust has a 12-month low of $86.33 and a 12-month high of $154.18. The firm has a 50-day moving average price of $142.00 and a 200 day moving average price of $137.12.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s payout ratio is presently 164.31%.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the transaction, the director now owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DLR has been the subject of several research reports. Morgan Stanley raised their price objective on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Truist Financial raised their price objective on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Royal Bank of Canada restated an “outperform” rating and issued a $144.00 price objective on shares of Digital Realty Trust in a research report on Friday, February 16th. Citigroup lifted their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $143.33.

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.