Digital Realty Trust, Inc. (DLR) To Go Ex-Dividend on December 13th

Digital Realty Trust, Inc. (NYSE:DLR) declared 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 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, December 13th.

Digital Realty Trust has raised its dividend by an average of 2.9% annually over the last three years. Digital Realty Trust has a dividend payout ratio of 387.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Stock Down 1.3 %

Shares of Digital Realty Trust stock opened at $185.76 on Wednesday. Digital Realty Trust has a twelve month low of $130.00 and a twelve month high of $198.00. The stock has a market capitalization of $61.62 billion, a price-to-earnings ratio of 156.10, a PEG ratio of 5.11 and a beta of 0.62. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The business’s 50 day simple moving average is $176.64 and its 200-day simple moving average is $160.36.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Digital Realty Trust will post 6.71 earnings per share for the current year.

Analyst Ratings Changes

DLR has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday. Royal Bank of Canada lifted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Barclays increased their price target on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Raymond James lifted their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Finally, HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their target price for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $171.68.

Digital Realty Trust Company Profile

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.