Digital Realty Trust, Inc. (NYSE:DLR) declared a quarterly dividend on Monday, August 7th, RTT News reports. Investors of record on Friday, September 15th will be given a dividend of 0.93 per share by the real estate investment trust on Friday, September 29th. This represents a $3.72 dividend on an annualized basis and a yield of 3.25%.

Digital Realty Trust has increased its dividend by an average of 4.4% annually over the last three years and has raised its dividend every year for the last 12 years. Digital Realty Trust has a payout ratio of 61.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Digital Realty Trust to earn $1.93 per share next year, which means the company may not be able to cover its $3.72 annual dividend with an expected future payout ratio of 192.7%.

Digital Realty Trust (DLR) traded down 0.56% on Monday, reaching $114.56. The company had a trading volume of 673,350 shares. Digital Realty Trust has a 52-week low of $85.63 and a 52-week high of $121.53. The stock has a market capitalization of $18.58 billion, a PE ratio of 46.53 and a beta of -0.03. The stock has a 50 day moving average price of $114.34 and a 200 day moving average price of $110.74.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The firm had revenue of $565.99 million for the quarter, compared to analyst estimates of $559.93 million. During the same quarter last year, the business earned $1.42 earnings per share. Digital Realty Trust’s revenue was up 9.9% compared to the same quarter last year. Analysts expect that Digital Realty Trust will post $1.58 EPS for the current year.

A number of brokerages recently issued reports on DLR. Zacks Investment Research lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $117.00 price target on shares of Digital Realty Trust in a report on Friday, July 21st. Jefferies Group LLC reiterated a “hold” rating and issued a $120.00 price target on shares of Digital Realty Trust in a report on Friday, July 14th. Finally, Macquarie reiterated a “neutral” rating and issued a $105.00 price target on shares of Digital Realty Trust in a report on Tuesday, July 4th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Digital Realty Trust has a consensus rating of “Buy” and an average target price of $116.67.

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In related news, SVP Joshua A. Mills sold 9,211 shares of Digital Realty Trust stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following the transaction, the senior vice president now owns 13,377 shares in the company, valued at approximately $1,605,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

Digital Realty Trust Company Profile

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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