Digital Realty Trust (NYSE:DLR – Get Free Report) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43), Zacks reports. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 6.07%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $1.68 EPS. Digital Realty Trust updated its FY24 guidance to $6.60 to $6.75 EPS and its FY 2024 guidance to 6.600-6.750 EPS.
Digital Realty Trust Stock Performance
Digital Realty Trust stock traded down $1.72 on Friday, reaching $145.65. 3,204,947 shares of the stock were exchanged, compared to its average volume of 1,405,666. The stock has a market cap of $45.51 billion, a PE ratio of 40.46, a PEG ratio of 10.55 and a beta of 0.59. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust has a twelve month low of $113.94 and a twelve month high of $162.58. The firm has a fifty day moving average price of $149.57 and a two-hundred day moving average price of $144.48.
Digital Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s dividend payout ratio is 135.56%.
Wall Street Analysts Forecast Growth
Digital Realty Trust Company Profile
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.
Further Reading
- Five stocks we like better than Digital Realty Trust
- Profitably Trade Stocks at 52-Week Highs
- Is Crypto Cool Again? What Stocks You Should Be Watching
- Consumer Discretionary Stocks Explained
- Why Call Options Volume for These 2 Stocks Spiked Together
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- MarketBeat Week in Review – 7/22 – 7/26
Receive News & Ratings for Digital Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.