Digital Realty Trust, Inc. $DLR Stock: Inspire Investing LLC Raises Stake

Inspire Investing LLC boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 20.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,214 shares of the real estate investment trust’s stock after buying an additional 12,203 shares during the quarter. Digital Realty Trust accounts for approximately 0.5% of Inspire Investing LLC’s investment portfolio, making the stock its 26th largest position. Inspire Investing LLC’s holdings in Digital Realty Trust were worth $12,676,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Boomfish Wealth Group LLC raised its position in Digital Realty Trust by 1.0% in the 3rd quarter. Boomfish Wealth Group LLC now owns 10,338 shares of the real estate investment trust’s stock worth $1,815,000 after purchasing an additional 104 shares during the period. Lake Street Private Wealth LLC boosted its position in shares of Digital Realty Trust by 5.1% during the third quarter. Lake Street Private Wealth LLC now owns 2,515 shares of the real estate investment trust’s stock valued at $441,000 after buying an additional 122 shares during the period. Royal Fund Management LLC boosted its position in shares of Digital Realty Trust by 7.0% during the third quarter. Royal Fund Management LLC now owns 43,871 shares of the real estate investment trust’s stock valued at $7,701,000 after buying an additional 2,885 shares during the period. NBT Bank N.A. bought a new position in shares of Digital Realty Trust during the third quarter valued at approximately $252,000. Finally, Root Financial Partners LLC bought a new position in shares of Digital Realty Trust during the third quarter valued at approximately $40,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $172.51 on Friday. The firm’s 50 day simple moving average is $182.88 and its 200-day simple moving average is $186.93. 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, Inc. has a one year low of $146.23 and a one year high of $208.14. The firm has a market cap of $64.00 billion, a PE ratio of 83.74, a price-to-earnings-growth ratio of 3.29 and a beta of 0.99.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 EPS. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 8.37 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is currently 236.89%.

Insider Activity

In other news, Director Mark Patterson sold 200 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the transaction, the director owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. This represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DLR. Argus raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a research note on Wednesday, August 5th. Barclays upped their price objective on Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. Weiss Ratings lowered Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Mizuho set a $223.00 target price on Digital Realty Trust in a research note on Monday, August 10th. Finally, Cantor Fitzgerald lifted their target price on Digital Realty Trust from $211.00 to $221.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $219.78.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.

Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.

Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.