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

Inspire Investing LLC increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 31,607 shares of the real estate investment trust’s stock after acquiring an additional 244 shares during the period. Digital Realty Trust accounts for about 0.6% of Inspire Investing LLC’s holdings, making the stock its 25th largest position. Inspire Investing LLC’s holdings in Digital Realty Trust were worth $5,605,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Adirondack Trust Co. increased its holdings in shares of Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 81 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter valued at about $35,000. Versant Capital Management Inc grew its holdings in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 173 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Digital Realty Trust in the 3rd quarter valued at approximately $38,000. Finally, First Financial Corp IN acquired a new stake in Digital Realty Trust in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 0.6 %

NYSE DLR opened at $182.40 on Thursday. The stock has a fifty day moving average of $183.25 and a 200-day moving average of $167.42. The stock has a market capitalization of $60.50 billion, a P/E ratio of 153.28, a price-to-earnings-growth ratio of 4.61 and a beta of 0.64. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

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

Digital Realty Trust Dividend Announcement

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

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DLR. Royal Bank of Canada raised their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Stifel Nicolaus raised their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen raised their target price on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their target price on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus 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.