Digital Realty Trust (DLR) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $1.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $1.35. The company posted revenue of $504.19 million in the period, compared to analysts expectations of $518.03 million. The company’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS.
Many Wall Street Analysts have commented on Digital Realty Trust. Company shares were Reiterated by Canaccord Genuity on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 102 from a previous price target of $79 .Digital Realty Trust was Downgraded by Stifel to ” Hold” on Mar 21, 2016. Company shares were Reiterated by Stifel on Feb 29, 2016 to “Buy”, Firm has raised the Price Target to $ 87 from a previous price target of $84 .
Digital Realty Trust opened for trading at $87.4 and hit $87.93 on the upside on Wednesday, eventually ending the session at $87.62, with a gain of 0.18% or 0.16 points. The heightened volatility saw the trading volume jump to 6,95,557 shares. Company has a market cap of $12,862 M.
In a different news, on Mar 16, 2016, Laurence A Chapman (director) sold 10,000 shares at $86.00 per share price. According to the SEC, on Mar 16, 2016, Bernard Geoghegan (Managing Director, EMEA & APAC) sold 6,565 shares at $86.53 per share price. On Mar 7, 2016, Kathleen Earley (director) purchased 1,000 shares at $25.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Digital Realty Trust Inc. is a real estate investment trust (REIT) that owns acquires develops and manages technology-related real estate. The Companys services include implementation services remote hands services data center infrastructure management (DCIM) client services and digital realty partner network. The Company is a sole general partner of Digital Realty Trust L.P. As of December 31 2014 Digital Realty Trust Inc. owned 97.8% common general partnership interest in Digital Realty Trust L.P. The remaining 2.2% common limited partnership interests are owned by non-affiliated investors and certain directors and officers of Digital Realty Trust Inc. The Company focuses on strategically located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users including the information technology (IT) departments of Fortune 100 and financial services companies.