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

Key Points

• Digital Realty Trust declared a $1.22-per-share quarterly dividend, payable September 30 to shareholders of record September 15. The dividend equates to $4.88 annually and a 2.5% yield.
• The REIT’s current dividend payout ratio is a high 305% of earnings, though analysts expect earnings growth to reduce the projected payout ratio to 54.2% next year.
• Digital Realty’s shares recently traded at $196.56, while its latest quarterly revenue rose 28.9% year over year to $1.92 billion; however, adjusted earnings of $1.21 per share missed estimates of $1.98.

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) announced a quarterly dividend on Tuesday, August 11th. Stockholders of record on Tuesday, September 15th will be given a dividend of 1.22 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Digital Realty Trust has increased its dividend by an average of 0.0%per year over the last three years. Digital Realty Trust has a dividend 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. Analysts expect Digital Realty Trust to earn $9.01 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 54.2%.

Digital Realty Trust Stock Performance

DLR traded up $5.75 on Wednesday, reaching $196.56. The company had a trading volume of 441,317 shares, compared to its average volume of 2,422,308. The stock has a market cap of $72.73 billion, a P/E ratio of 95.42, a P/E/G ratio of 5.45 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. Digital Realty Trust has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The company's fifty day moving average is $185.07 and its 200 day moving average is $183.72.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.77). The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. Digital Realty Trust's revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. As a group, analysts predict that Digital Realty Trust will post 8.35 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source