Digital Realty Trust, Inc. (NYSE:DLR) announced a quarterly dividend on Thursday, November 2nd, RTT News reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.93 per share by the real estate investment trust on Friday, January 12th. This represents a $3.72 annualized dividend and a dividend yield of 3.14%.

Digital Realty Trust has raised its dividend payment by an average of 4.4% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Digital Realty Trust has a dividend payout ratio of 62.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Digital Realty Trust to earn $6.57 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 56.6%.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $1.11. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The business had revenue of $609.90 million during the quarter, compared to analyst estimates of $595.49 million. During the same quarter in the previous year, the business earned $1.44 EPS. Digital Realty Trust’s quarterly revenue was up 11.6% compared to the same quarter last year.

In related news, Director William G. Laperch purchased 1,200 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average cost of $25.00 per share, with a total value of $30,000.00. Following the completion of the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at $30,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Sharp sold 25,733 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the sale, the insider now directly owns 25,733 shares in the company, valued at $2,996,350.52. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

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A number of research analysts have weighed in on the stock. KeyCorp set a $130.00 price objective on shares of Digital Realty Trust and gave the company a “buy” rating in a research report on Sunday. Zacks Investment Research lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday. TheStreet cut shares of Digital Realty Trust from a “b” rating to a “c+” rating in a research note on Monday. Citigroup Inc. reissued a “neutral” rating and issued a $127.00 target price on shares of Digital Realty Trust in a research note on Tuesday, September 26th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $120.00 target price on shares of Digital Realty Trust in a research note on Tuesday, October 24th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $124.00.

About Digital Realty Trust

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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