Digital Realty Trust, Inc. (DLR) To Go Ex-Dividend on March 14th

Digital Realty Trust, Inc. (NYSE:DLR) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors of record on Friday, March 14th will be paid a dividend of 1.22 per share by the real estate investment trust on Monday, March 31st. This represents a $4.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Friday, March 14th.

Digital Realty Trust has raised its dividend by an average of 1.7% per year over the last three years. Digital Realty Trust has a payout ratio of 310.8% indicating that 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 $7.65 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 63.8%.

Digital Realty Trust Stock Up 0.9 %

NYSE:DLR opened at $146.98 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The firm has a market cap of $49.48 billion, a P/E ratio of 90.73, a P/E/G ratio of 4.38 and a beta of 0.65. Digital Realty Trust has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The firm has a 50-day simple moving average of $167.42 and a two-hundred day simple moving average of $170.08.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Analysts predict that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of analyst reports. Stifel Nicolaus upped their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Wells Fargo & Company cut their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $180.11.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.