Digital Realty Trust, Inc. (NYSE:DLR) announced a quarterly dividend on Thursday, November 2nd, RTT News reports. Investors 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 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, December 14th.
Digital Realty Trust has raised its dividend payment by an average of 4.4% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Digital Realty Trust has a dividend payout ratio of 61.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Digital Realty Trust to earn $6.57 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 56.6%.
Shares of Digital Realty Trust (DLR) traded down $1.39 during mid-day trading on Friday, reaching $120.85. The company had a trading volume of 988,900 shares, compared to its average volume of 1,273,525. Digital Realty Trust has a 1-year low of $85.63 and a 1-year high of $127.23. The company has a market capitalization of $19,826.74, a PE ratio of 20.44, a PEG ratio of 3.60 and a beta of -0.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.46 and a quick ratio of 0.32.
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, beating the Thomson Reuters’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The firm had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. During the same period in the previous year, the firm earned $1.44 earnings per share. The company’s revenue was up 11.6% compared to the same quarter last year. sell-side analysts predict that Digital Realty Trust will post 6.09 earnings per share for the current year.
In related news, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the sale, the insider now owns 25,733 shares in the company, valued at $2,996,350.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.40% of the company’s stock.
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DLR has been the topic of several recent analyst reports. Deutsche Bank AG boosted their price target on Digital Realty Trust from $111.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Barclays PLC reissued a “buy” rating and issued a $132.00 price target on shares of Digital Realty Trust in a research note on Friday, September 8th. William Blair initiated coverage on Digital Realty Trust in a research note on Friday, September 22nd. They issued a “market perform” rating on the stock. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $127.00 price target on shares of Digital Realty Trust in a research note on Tuesday, September 26th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Digital Realty Trust has a consensus rating of “Hold” and a consensus target price of $125.43.
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.
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