Digital Realty Trust, Inc. DLR, the San Francisco, CA-based real estate investment trust (“REIT”) has announced its initial 2017 outlook. The company anticipates 2017 core funds from operations (“FFO”) per share to be in the range of $5.90–$6.10, indicating year-over-year growth of more than 5% from the midpoint of the 2016 figure. Secular positive trend in demand is responsible for this robust growth assumption.
In 2017, foreign currency conversion related headwind is likely to range between 1–3%. In fact, on a constant-currency basis, FFO per share growth is anticipated to be around 7% year over year. Continuous progress made by Digital Realty Trust in expanding EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) margin as well as solid execution of its strategies are behind this positive outlook.
Shares of Digital Realty Trust outperformed the Zacks categorized REIT and Equity Trust - Other industry, over the past one year. During the same time span, shares of the company grew 38.2%, whereas the industry gained 11.4%.
Digital Realty Trust currently carries a Zacks Rank # 3 (Hold). Over the past 60 days, estimates for 2016 declined 0.2% to $5.71 per share.
Some better-ranked stocks in the real estate space include AGNC Investment Corp. AGNC, Seritage Growth Properties SRG and Brandywine Realty Trust BDN. All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
AGNC Investment’s 2016 estimates have moved up 2.6% to $2.36 per share, over the past 60 days.
Seritage Growths’ 2016 estimates have moved up 0.9% to $2.34 per share, over the past 60 days.
Brandywine Realty’s 2016 estimates have remained unchanged at $1.29 per share, over the past 60 days.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks’ private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks’ private trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AGNC INVESTMENT (AGNC): Free Stock Analysis Report
DIGITAL RLTY TR (DLR): Free Stock Analysis Report
BRANDYWINE RT (BDN): Free Stock Analysis Report
SERITAGE GROWTH (SRG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research