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

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) announced 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 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, March 14th.

Digital Realty Trust has raised its dividend payment by an average of 1.7% annually over the last three years. Digital Realty Trust has a dividend payout ratio of 314.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Down 0.6 %

Shares of NYSE DLR traded down $0.89 during mid-day trading on Friday, reaching $156.38. 5,768,691 shares of the company were exchanged, compared to its average volume of 2,477,492. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The stock has a market cap of $52.64 billion, a price-to-earnings ratio of 96.53, a P/E/G ratio of 4.38 and a beta of 0.63. Digital Realty Trust has a 1 year low of $135.54 and a 1 year high of $198.00. The firm has a 50-day moving average of $171.26 and a 200 day moving average of $170.02.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping 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%. On average, research analysts expect that Digital Realty Trust will post 7.07 earnings per share for the current year.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DLR has been the topic of several recent analyst reports. Truist Financial upped their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Tuesday, February 18th. StockNews.com lowered Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 22nd. 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 report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and upped their target price for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $181.00.

About Digital Realty Trust

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.