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Citi analyst Michael Rollins maintains a Buy rating on Digital Realty with a $174 price target, citing the company's strong earnings and revenue growth. The analyst consensus is a Strong Buy with an average price target of $191.38. Despite a negative corporate insider sentiment with 19 insiders selling shares over the past quarter, Digital Realty's latest earnings release reported a quarterly revenue of $1.41 billion and a net profit of $109.97 million.
Austin, Texas-based Digital Realty Trust, Inc. (DLR), a leading provider of data center, colocation, and interconnection solutions, is set to release its second-quarter earnings results after the market closes on Thursday, July 24. Ahead of the event, analysts anticipate a core funds from operations (FFO) of $1.73 per share, representing a 4.9% increase from the $1.65 per share reported in the year-ago quarter [1]. This projection aligns with Digital Realty's consistent performance, as the company has met or exceeded Wall Street's FFO projections in each of the past four quarters.
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