12,203 Digital Realty Trust, Inc. $DLR Shares Bought by Inspire Investing LLC

Inspire Investing LLC increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 20.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 72,214 shares of the real estate investment trust’s stock after purchasing an additional 12,203 shares during the quarter. Digital Realty Trust accounts for about 0.5% of Inspire Investing LLC’s holdings, making the stock its 26th biggest holding. 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 also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Digital Realty Trust during the 2nd quarter valued at $7,277,032,000. Bank of America Corp DE purchased a new position in shares of Digital Realty Trust in the 2nd quarter valued at $1,605,671,000. Canada Pension Plan Investment Board bought a new position in shares of Digital Realty Trust in the 2nd quarter worth $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Digital Realty Trust by 17,256.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,890,993 shares of the real estate investment trust’s stock worth $878,325,000 after acquiring an additional 4,862,814 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Digital Realty Trust during the 2nd quarter worth $691,559,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

DLR has been the topic of a number of recent research reports. KeyCorp reaffirmed a “sector weight” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. HSBC reduced their target price on shares of Digital Realty Trust from $240.00 to $235.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Wall Street Zen raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. BTIG Research raised their price target on shares of Digital Realty Trust from $215.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $219.78.

Digital Realty Trust Stock Performance

Shares of DLR opened at $172.51 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The firm has a market cap of $64.00 billion, a PE ratio of 83.74, a P/E/G ratio of 3.29 and a beta of 0.99. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The stock has a fifty day moving average price of $182.88 and a 200-day moving average price of $186.93.

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

Digital Realty Trust Announces Dividend

The firm also recently declared 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 yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 236.89%.

Insiders Place Their Bets

In other news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the sale, the director owned 6,322 shares in the company, valued at approximately $1,226,215.12. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

About Digital Realty Trust

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.