Inspire Investing LLC Has $5.08 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Inspire Investing LLC lowered its position in Digital Realty Trust, Inc. (NYSE:DLR) by 4.1% in the third quarter, HoldingsChannel.com reports. The fund owned 31,363 shares of the real estate investment trust’s stock after selling 1,349 shares during the quarter. Inspire Investing LLC’s holdings in Digital Realty Trust were worth $5,076,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Digital Realty Trust in the second quarter valued at $25,000. American Capital Advisory LLC bought a new stake in Digital Realty Trust during the 2nd quarter worth about $27,000. Private Ocean LLC bought a new position in shares of Digital Realty Trust in the second quarter worth about $27,000. Gradient Investments LLC lifted its position in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Rise Advisors LLC grew its stake in shares of Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 180 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Trading Up 1.2 %

Shares of Digital Realty Trust stock opened at $160.73 on Friday. The firm has a market capitalization of $52.62 billion, a PE ratio of 46.86, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The firm’s 50 day moving average is $154.35 and its 200 day moving average is $149.06. Digital Realty Trust, Inc. has a 1 year low of $113.94 and a 1 year high of $165.17.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business earned $1.68 EPS. The company’s revenue was down .7% compared to the same quarter last year. Equities research analysts forecast that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 3.04%. Digital Realty Trust’s dividend payout ratio is currently 142.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DLR shares. Mizuho started coverage on Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective on the stock. Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their target price for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. TD Cowen lowered their price target on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Finally, The Goldman Sachs Group began coverage on shares of Digital Realty Trust in a report on Monday, July 1st. They issued a “buy” rating and a $175.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $156.89.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. This represents a 0.00 % 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. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.