Digital Realty Trust, Inc. (DLR) to Issue Quarterly Dividend of $0.93 on January 12th

Digital Realty Trust, Inc. (NYSE:DLR) announced a quarterly dividend on Thursday, November 2nd, RTT News reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.93 per share by the real estate investment trust on Friday, January 12th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Thursday, December 14th.

Digital Realty Trust has increased its dividend by an average of 4.4% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Digital Realty Trust has a payout ratio of 61.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Digital Realty Trust to earn $6.56 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 56.7%.

Shares of Digital Realty Trust (NYSE DLR) opened at $114.81 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $23,449.22, a P/E ratio of 19.09, a PEG ratio of 2.86 and a beta of -0.10. Digital Realty Trust has a 12 month low of $93.39 and a 12 month high of $127.23.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $1.11. The firm had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 earnings per share. research analysts predict that Digital Realty Trust will post 6.1 EPS for the current fiscal year.

A number of analysts have recently issued reports on DLR shares. Cowen reaffirmed a “buy” rating and issued a $126.00 price target on shares of Digital Realty Trust in a research note on Friday, August 25th. Barclays reaffirmed a “buy” rating and issued a $132.00 price target on shares of Digital Realty Trust in a research note on Friday, September 8th. ValuEngine downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. KeyCorp reiterated a “buy” rating and set a $130.00 price objective on shares of Digital Realty Trust in a research report on Friday, August 25th. Finally, BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Digital Realty Trust presently has an average rating of “Hold” and an average price target of $125.07.

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About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

Dividend History for Digital Realty Trust (NYSE:DLR)

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