Digital Realty Trust (DLR) Expected to Announce Earnings on Thursday

Digital Realty Trust (NYSE:DLR) will likely be releasing its earnings data after the market closes on Thursday, February 13th. Analysts expect Digital Realty Trust to post earnings of $0.27 per share and revenue of $1.46 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $167.34 on Thursday. Digital Realty Trust has a 1-year low of $131.42 and a 1-year high of $198.00. The company’s 50-day moving average is $179.79 and its 200 day moving average is $168.16. The firm has a market capitalization of $55.51 billion, a P/E ratio of 140.62, a price-to-earnings-growth ratio of 4.16 and a beta of 0.63. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DLR shares. Evercore ISI increased their target price on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. TD Cowen upped their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Scotiabank lifted their price target on shares of Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.70.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

About Digital Realty Trust

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.