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

Digital Realty Trust, Inc. (NYSE:DLR) announced a quarterly dividend on Thursday, November 12th. Shareholders of record on Tuesday, December 15th will be given a dividend of $1.22 per share by the real estate investment trust on Friday, January 15th. This represents a $4.88 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, December 15th.

Digital Realty Trust has a payout ratio of 305.0% 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 $9.13 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 53.5%.

Digital Realty Trust Trading Up 1.4%

NYSE DLR opened at $183.66 on Friday. The stock has a market cap of $69.48 billion, a P/E ratio of 76.84, a price-to-earnings-growth ratio of 3.55 and a beta of 0.97. Digital Realty Trust has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The stock has a 50 day simple moving average of $179.87 and a two-hundred day simple moving average of $183.77. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.72.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the business posted $1.89 earnings per share. Digital Realty Trust’s quarterly revenue was up 20.6% compared to the same quarter last year. On average, analysts forecast that Digital Realty Trust will post 8.40 earnings per share for the current year.

About Digital Realty Trust

Digital Realty Trust, Inc. is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information. The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.