Inspire Investing LLC Grows Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Inspire Investing LLC boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,607 shares of the real estate investment trust’s stock after acquiring an additional 244 shares during the quarter. Digital Realty Trust comprises about 0.6% of Inspire Investing LLC’s holdings, making the stock its 25th largest holding. Inspire Investing LLC’s holdings in Digital Realty Trust were worth $5,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its position in shares of Digital Realty Trust by 6.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after purchasing an additional 23,028 shares in the last quarter. Cumberland Partners Ltd raised its position in shares of Digital Realty Trust by 207.3% in the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after purchasing an additional 31,430 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of Digital Realty Trust by 26.4% in the 4th quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock valued at $9,682,000 after purchasing an additional 11,405 shares in the last quarter. TCW Group Inc. raised its position in shares of Digital Realty Trust by 161.0% in the 3rd quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust’s stock valued at $8,204,000 after purchasing an additional 31,272 shares in the last quarter. Finally, Prestige Wealth Management Group LLC raised its position in shares of Digital Realty Trust by 3,056.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust’s stock valued at $684,000 after purchasing an additional 4,095 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Down 0.6 %

Shares of Digital Realty Trust stock opened at $182.40 on Thursday. The stock has a 50-day moving average price of $183.25 and a 200 day moving average price of $167.42. The company has a market cap of $60.50 billion, a P/E ratio of 153.28, a P/E/G ratio of 4.61 and a beta of 0.64. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 earnings per share. As a group, analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Analyst Ratings Changes

A number of equities analysts have issued reports on DLR shares. Truist Financial upped their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price target on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Scotiabank upped their price target on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Evercore ISI upped their price target on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $177.32.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.