Digital Realty Trust (NYSE:DLR – Get Free Report) issued its quarterly earnings data 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 analysts’ expectations of $1.38 billion. Digital Realty Trust had a return on equity of 6.07% and a net margin of 20.58%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the business earned $1.68 earnings per share. 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 Down 1.2 %
NYSE DLR traded down $1.72 during trading hours on Friday, hitting $145.65. The company had a trading volume of 3,204,947 shares, compared to its average volume of 1,405,666. The firm’s 50 day moving average is $149.57 and its 200 day moving average is $144.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. Digital Realty Trust has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The company has a market capitalization of $45.51 billion, a price-to-earnings ratio of 40.46, a P/E/G ratio of 10.55 and a beta of 0.59.
Digital Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.35%. Digital Realty Trust’s payout ratio is 135.56%.
Analyst Ratings Changes
View Our Latest Analysis on DLR
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.
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