Recommended Mix Momentum Stocks: Digital Realty Trust (NYSE:DLR), Office Depot (NASDAQ:ODP)

Digital Realty Trust, Inc. (NYSE:DLR) [Trend Analysis] surged reacts as active mover, shares an advance 0.04% to traded at $108.04 and the percentage gap between open changing to regular change was -0.53%. Digital Realty (DLR) reported that its board of directors has authorized quarterly cash dividends for common and preferred stock for the first quarter of 2017.

“Our board of directors has authorized increase in our quarterly common stock cash dividend of 5.7% to $0.93 per share, reflecting our expectation of continued growth in cash flow,” commented Andrew P. Power, Chief Financial Officer. “This marks the 12thconsecutive year we have grown our dividend, and we are pleased to be among a select group of REITs to have raised the dividend each and every year since our initial public offering in 2004.”

Digital Realty’s board of directors authorized a cash dividend of $0.93 per share to common stockholders of record as of the close of business on March 15, 2017. The common stock cash dividend will be paid on March 31, 2017.

The company’s board of directors authorized a cash dividend of $0.414063 per share to holders of record of the company’s 6.625% Series F Cumulative Redeemable Preferred Stock as of the close of business on March 15, 2017. The Series F Cumulative Redeemable Preferred Stock cash dividend will be paid on March 31, 2017. The firm past twelve months price to sales ratio was 8.02 and price to cash ratio remained 1635.59. As far as the returns are concern, the return on equity was recorded as 9.30% and return on investment was 4.90% while its return on asset stayed at 2.80%. The firm has total debt to equity ratio measured as 1.43.

Office Depot, Inc. (NASDAQ:ODP) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 15.83% to close at $4.83 with the total traded volume of 16.9 Million shares. Office Depot Inc. (ODP) said it expects total company sales in 2017 to be lower than 2016, primarily due to the impact of store closures, prior year contract consumer losses, one less selling week and continued challenging market conditions.

However, the company expects the rate of sales decline to improve throughout 2017 based on improvements in consumer retention, implementation of new consumer wins and continued growth in the contract channel sales pipeline. The company closed 123 retail stores in 2016, of which 72 stores were part of the second phase of the retail optimization plan reported in the third quarter of 2016.

The company expects to close approximately 75 stores in 2017. Through the end of 2016, Office Depot has achieved over $700 million in annual synergy benefits from the OfficeMax integration. The company continues to expect total annual run-rate merger synergy benefits of more than $750 million, with the majority of the remaining benefits expected to be achieved by the end of 2017. Merger integration expenses are expected to total approximately $45 million in 2017 with approximately $25 million in capital expenditures. The firm has institutional ownership of 92.20%, while insider ownership included 1.40%. Its price to sales ratio ended at 0.20. ODP attains analyst recommendation of 2.90 with week’s performance of 4.09%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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