Digital Realty Trust (DLR) to Release Earnings on Thursday

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

Digital Realty Trust Price Performance

NYSE:DLR opened at $165.38 on Wednesday. Digital Realty Trust has a 52-week low of $131.42 and a 52-week high of $198.00. The company has a market cap of $54.86 billion, a P/E ratio of 138.97, a P/E/G ratio of 4.27 and a beta of 0.63. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The stock’s 50-day simple moving average is $177.62 and its 200 day simple moving average is $168.59.

Wall Street Analyst Weigh In

Several research firms have recently commented on DLR. Evercore ISI increased their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Scotiabank lifted their price objective on shares of Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Raymond James lifted their price target on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Finally, UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.70.

Insider Activity

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by company insiders.

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.