On Friday, Shares of Digital Realty Trust (NYSE: DLR) showed the bullish trend with a higher momentum of 0.45% to $119.33. The company traded total volume of 12,292 shares as contrast to its average volume of 1.34M shares. The company has a market value of $25.37B and about 213.55M shares outstanding.
Digital Realty Trust Inc. (DLR) stated it had funds from operations of $361.40M, or $1.68 per share, in the period. The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of $1.67 per share. Funds from operations are a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $31.20M, or 15 cents per share.
The real estate investment trust posted revenue of $778.30M in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $790.0M.
For the year, the company stated funds from operations of $1.420B, or $6.60 per share. Revenue was stated as $3.050B. The company anticipates full-year funds from operations in the range of $6.60 to $6.70 per share.
The Company offered net profit margin of 8.90% while its gross profit margin was 64.30%. ROE was recorded as 3.10% while beta factor was 0.52. The stock, as of recent close, has shown the weekly downbeat performance of -0.84% which was maintained at 11.50% in this year.