Digital Realty Trust Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

Austin, texas , may 8, 2024 /prnewswire/ --  digital realty (nyse: dlr), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today its board of directors has authorized quarterly cash dividends for common and preferred stock for the second quarter of 2024.     common stock  digital realty's board of directors authorized a cash dividend of $1.22 per share to common stockholders of record as of the close of business on june 14, 2024.

Austin, texas , may 8, 2024 /prnewswire/ -- digital realty (nyse: dlr), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today it has priced an underwritten registered public offering of 10,500,000 shares of its common stock for expected gross proceeds of approximately $1,470 million. bofa securities, citigroup global markets inc. and j.p.

Austin, texas , may 7, 2024 /prnewswire/ -- digital realty (nyse: dlr), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today that it has commenced an underwritten registered public offering to sell 10,500,000 shares of its common stock. the company intends to grant the underwriters in the offering a 30-day option to purchase up to an additional 1,575,000 shares of its common stock.

Austin, texas , may 2, 2024 /prnewswire/ -- digital realty (nyse: dlr), a global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, today announced a collaboration with oracle to accelerate the growth and adoption of artificial intelligence (ai) among enterprises. the strategic collaboration aims to develop hybrid integrated solutions that address data gravity challenges, expedite time to market for enterprises deploying next-generation ai services, and unlock data and ai-based business outcomes.

Austin, texas , may 2, 2024 /prnewswire/ -- digital realty (nyse: dlr), the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, announced today financial results for the first quarter of 2024. all per share results are presented on a fully diluted basis.

Shares of Digital Realty Trust Inc. were set to drop Wednesday, after the data-center real-estate investment trust announced the sale of roughly $1.5 billion worth of stock.

Real estate sector has underperformed this year, but I believe it is due to an erosion of perception, not value. Top real estate stocks have generally reported strong earnings results, beating estimates and raising guidance. Here are two top REITs to buy hand over fist.

Blackstone has been on a REIT buying spree. Its leaders are self-made billionaires, and they talk highly about REITs. This is not surprising given that they are trading at their lowest valuations in over a decade.

Digital Realty's (DLR) Q1 FFO per share outshine estimates. However, elevated operating expenses hurt the results to some extent.

Digital Realty Trust, Inc. (NYSE:DLR ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Jordan Sadler - SVP, Public & Private IR Andrew Power - President & CEO Matthew Mercier - CFO Christopher Sharp - Chief Technology Officer Colin McLean - Chief Revenue Officer Gregory Wright - Chief Investment Officer Conference Call Participants John Peterson - Jefferies Jonathan Atkin - RBC Capital Markets Eric Luebchow - Wells Fargo David Barden - Bank of America Irvin Liu - Evercore ISI Richard Choe - J.P. Morgan Michael Rollins - Citi Frank Louthan - Raymond James Simon Flannery - Morgan Stanley Ari Klein - BMO Capital Markets Matthew Niknam - Deutsche Bank Michael Elias - TD Cowen Nick Del Deo - MoffettNathanson Erik Rasmussen - Stifel Operator Good afternoon, and welcome to the Digital Realty First Quarter 2024 Earnings Call.

The headline numbers for Digital Realty Trust (DLR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Digital Realty Trust (DLR) came out with quarterly funds from operations (FFO) of $1.67 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to FFO of $1.66 per share a year ago.

There are some REITs to avoid in this continued “higher for longer” interest rate environment. These investment vehicles are particularly sensitive to rising interest rates due to their reliance on debt financing.

The Federal Reserve is not purposefully trying to crash the economy, but it might end up doing so anyway. Because out-of-hand government spending reignited inflation's rise, the Fed is no longer eager to cut sky-high interest rates.

Beyond analysts' top -and-bottom-line estimates for Digital Realty Trust (DLR), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.