Inspire Investing LLC Reduces Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Inspire Investing LLC trimmed its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 15.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 32,712 shares of the real estate investment trust's stock after selling 5,785 shares during the quarter. Digital Realty Trust comprises about 0.6% of Inspire Investing LLC's holdings, making the stock its 29th biggest holding. Inspire Investing LLC's holdings in Digital Realty Trust were worth $4,974,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DLR. Meeder Asset Management Inc. purchased a new stake in Digital Realty Trust during the 2nd quarter valued at about $25,000. Gradient Investments LLC grew its position in Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. American Capital Advisory LLC purchased a new stake in Digital Realty Trust during the 2nd quarter valued at about $27,000. Private Ocean LLC purchased a new stake in Digital Realty Trust during the 2nd quarter valued at about $27,000. Finally, Rise Advisors LLC lifted its stake in Digital Realty Trust by 1,125.0% during the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 180 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the business's 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 completion of the transaction, the director now directly owns 9,055 shares of the company's stock, valued at $1,360,604.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Digital Realty Trust Stock Up 0.4 %

Shares of DLR stock traded up $0.65 during trading hours on Thursday, reaching $158.90. 1,796,326 shares of the company's stock were exchanged, compared to its average volume of 1,833,473. Digital Realty Trust, Inc. has a 1 year low of $113.94 and a 1 year high of $162.58. The stock has a market cap of $49.64 billion, a PE ratio of 44.14, a PEG ratio of 5.06 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 stock's fifty day moving average price is $152.14 and its two-hundred day moving average price is $147.31.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. Digital Realty Trust's revenue was down .7% on a year-over-year basis. Research analysts predict that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust's payout ratio is presently 135.56%.

Analyst Ratings Changes

DLR has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on shares of Digital Realty Trust from $155.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, July 23rd. Mizuho initiated coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They set an "outperform" rating and a $170.00 price objective for the company. TD Cowen cut their price objective on shares of Digital Realty Trust from $122.00 to $120.00 and set a "hold" rating for the company in a report on Friday, July 26th. BMO Capital Markets raised shares of Digital Realty Trust from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $144.00 to $170.00 in a report on Wednesday, June 26th. Finally, Argus lowered shares of Digital Realty Trust from a "buy" rating to a "hold" rating in a report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Hold" and an average price target of $154.00.

Digital Realty Trust 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.