Digital Realty Trust, Inc. (NYSE:DLR) Plans Quarterly Dividend of $1.22

Digital Realty Trust, Inc. (NYSE:DLR) announced a quarterly dividend on Thursday, February 19th. Investors of record on Friday, March 13th will be given a dividend of 1.22 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, March 13th.

Digital Realty Trust has increased its dividend payment by an average of 0.0%per year over the last three years. Digital Realty Trust has a dividend payout ratio of 305.0% 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 research 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 Performance

Digital Realty Trust stock traded down $0.36 during mid-day trading on Friday, hitting $176.54. 384,710 shares of the company’s stock traded hands, compared to its average volume of 2,099,087. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.59 and a quick ratio of 2.02. The firm has a 50 day simple moving average of $161.58 and a two-hundred day simple moving average of $165.70. Digital Realty Trust has a fifty-two week low of $129.95 and a fifty-two week high of $184.79. The stock has a market cap of $60.66 billion, a price-to-earnings ratio of 49.04, a P/E/G ratio of 3.89 and a beta of 1.12.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.03. Digital Realty Trust had a net margin of 21.41% and a return on equity of 5.88%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the business posted $1.73 earnings per share. Digital Realty Trust’s revenue was up 13.8% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. On average, research analysts expect that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DLR shares. HSBC set a $193.00 price objective on shares of Digital Realty Trust and gave the stock a “buy” rating in a report on Thursday, January 15th. Jefferies Financial Group raised their price objective on shares of Digital Realty Trust from $184.00 to $189.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Loop Capital set a $205.00 price target on shares of Digital Realty Trust in a research note on Monday, October 27th. Mizuho reduced their price objective on Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Finally, Truist Financial boosted their target price on Digital Realty Trust from $200.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.33.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.