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. Stockholders of record on Tuesday, December 15th will be paid a dividend of $1.22 per share by the real estate investment trust on Friday, January 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, December 15th.

Digital Realty Trust has a 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 $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 Stock Performance

DLR stock opened at $183.66 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The firm has a market cap of $69.48 billion, a P/E ratio of 76.84, a P/E/G ratio of 3.55 and a beta of 0.97. Digital Realty Trust has a 12-month low of $146.23 and a 12-month high of $208.14. The stock’s 50 day simple moving average is $179.87 and its 200 day simple moving average is $183.77.

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

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the sale, the director owned 6,322 shares of the company’s stock, valued at $1,226,215.12. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Digital Realty Trust

Large investors have recently made changes to their positions in the company. Provenance Wealth Advisors LLC raised its stake in Digital Realty Trust by 3,600.0% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 148 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 144 shares in the last quarter. Gables Capital Management Inc. bought a new position in shares of Digital Realty Trust in the second quarter valued at approximately $29,000. Bell Investment Advisors Inc bought a new position in shares of Digital Realty Trust in the second quarter valued at approximately $31,000. Ashurst Perkins Coie Trust Co bought a new position in shares of Digital Realty Trust in the third quarter valued at approximately $31,000. Finally, First Community Trust NA acquired a new position in shares of Digital Realty Trust during the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

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.