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Digital Realty Trust (DLR) Raises Quarterly Dividend by 5.7%
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Much to the delight of its shareholders, Digital Realty Trust, Inc. (DLR - Free Report) , the technology-related real estate investment trust (“REIT”), has announced first-quarter 2017 common stock cash dividend of 93 cents. This is the twelfth consecutive year that the company has hiked the dividend and marks an increase of 5.7% from the prior payment.
San Francisco, CA-based Digital Realty is responsible for owning, acquiring, repositioning and managing technology-related real estate. The REIT supports the data center, collocation and interconnection strategies of over 2,200 firms spread across North America, Europe, Asia and Australia. The latest hike in dividend indicates the company’s expectation of persistent improvement in cash flow. In fact, the company has hiked dividend every year since its initial public offering in 2004.
The new dividend will be paid on Mar 31 to shareholders of record as on Mar 15. Currently, Digital Realty carries a Zacks Rank #3 (Hold).
Shares of Digital Realty outperformed the Zacks categorized REIT and Equity Trust – Other industry over the past three months. During that time frame, the shares of the company returned 21.4%, whereas the industry gained 8.6%.
Over the past 30 days, Ashford Hospitality Prime’s funds from operations (FFO) per share for first-quarter 2017 escalated 10.8% to 41 cents.
Over the past 30 days, CoreSite Realty’s FFO per share for first-quarter 2017 escalated 5% to $1.06.
Hudson Pacific Properties’ first-quarter 2017 FFO per share estimates remained unchanged at 48 cents, over the past 30 days.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
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Digital Realty Trust (DLR) Raises Quarterly Dividend by 5.7%
Much to the delight of its shareholders, Digital Realty Trust, Inc. (DLR - Free Report) , the technology-related real estate investment trust (“REIT”), has announced first-quarter 2017 common stock cash dividend of 93 cents. This is the twelfth consecutive year that the company has hiked the dividend and marks an increase of 5.7% from the prior payment.
San Francisco, CA-based Digital Realty is responsible for owning, acquiring, repositioning and managing technology-related real estate. The REIT supports the data center, collocation and interconnection strategies of over 2,200 firms spread across North America, Europe, Asia and Australia. The latest hike in dividend indicates the company’s expectation of persistent improvement in cash flow. In fact, the company has hiked dividend every year since its initial public offering in 2004.
The new dividend will be paid on Mar 31 to shareholders of record as on Mar 15. Currently, Digital Realty carries a Zacks Rank #3 (Hold).
Shares of Digital Realty outperformed the Zacks categorized REIT and Equity Trust – Other industry over the past three months. During that time frame, the shares of the company returned 21.4%, whereas the industry gained 8.6%.
Investors interested in the REIT and Equity Trust – Other industry, may consider stocks like Ashford Hospitality Prime, Inc. , CoreSite Realty Corporation (COR - Free Report) and Hudson Pacific Properties, Inc. (HPP - Free Report) . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Over the past 30 days, Ashford Hospitality Prime’s funds from operations (FFO) per share for first-quarter 2017 escalated 10.8% to 41 cents.
Over the past 30 days, CoreSite Realty’s FFO per share for first-quarter 2017 escalated 5% to $1.06.
Hudson Pacific Properties’ first-quarter 2017 FFO per share estimates remained unchanged at 48 cents, over the past 30 days.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>