Digital Stock To Go Ex-dividend Tomorrow (DLR)

NEW YORK ( TheStreet) -- The ex-dividend date for Digital Realty (NYSE: DLR) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $71.41 as of 9:30 a.m. ET, the dividend yield is 4.1%.

The average volume for Digital has been 1.1 million shares per day over the past 30 days. Digital has a market cap of $7.1 billion and is part of the financial sector and real estate industry. Shares are up 7.1% year to date as of the close of trading on Friday.

Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. The company has a P/E ratio of 54.5, above the average real estate industry P/E ratio of 54.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Digital as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Digital Ratings Report.

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