Digital Realty Trust, Inc. (DLR) to Issue Quarterly Dividend of $1.22 on January 17th

Digital Realty Trust, Inc. (NYSE:DLR) announced a quarterly dividend on Monday, November 4th, RTT News reports. Shareholders of record on Friday, December 13th will be paid a dividend of 1.22 per share by the real estate investment trust on Friday, January 17th. This represents a $4.88 annualized dividend and a yield of 2.70%.

Digital Realty Trust has increased its dividend by an average of 2.9% annually over the last three years. Digital Realty Trust has a payout ratio of 384.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Digital Realty Trust to earn $7.09 per share next year, which means the company should continue to be able to cover its $4.88 annual dividend with an expected future payout ratio of 68.8%.

Digital Realty Trust Trading Up 2.1 %

NYSE DLR opened at $181.06 on Wednesday. The stock’s 50-day simple moving average is $161.89 and its two-hundred day simple moving average is $152.79. Digital Realty Trust has a twelve month low of $126.22 and a twelve month high of $193.88. The company has a quick ratio of 1.78, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $59.28 billion, a price-to-earnings ratio of 152.15, a PEG ratio of 5.66 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.62 earnings per share. Research analysts forecast that Digital Realty Trust will post 6.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company raised their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. TD Cowen lifted their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $167.68.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.