Inspire Investing LLC Purchases 3,515 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Inspire Investing LLC increased its stake in Digital Realty Trust by 11.1% in the first quarter, acquiring an additional 3,515 shares and raising its total holdings to 35,122 shares valued at approximately $5 million.
• Several institutional investors, including Vanguard Group and Canada Pension Plan Investment Board, have significantly increased their positions in Digital Realty Trust during the same period, highlighting growing institutional interest in the stock.
• Digital Realty Trust recently reported earnings of $1.87 per share for the last quarter, surpassing analysts' expectations, and announced a quarterly dividend of $1.22 per share, reinforcing its commitment to returning value to shareholders.

Inspire Investing LLC lifted its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,122 shares of the real estate investment trust's stock after buying an additional 3,515 shares during the period. Inspire Investing LLC's holdings in Digital Realty Trust were worth $5,033,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Digital Realty Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock worth $7,505,367,000 after buying an additional 925,674 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Digital Realty Trust by 63.0% during the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock valued at $1,023,769,000 after purchasing an additional 2,760,286 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Digital Realty Trust by 4.3% during the first quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust's stock valued at $759,609,000 after purchasing an additional 220,649 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Digital Realty Trust by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock valued at $854,661,000 after purchasing an additional 492,692 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Digital Realty Trust by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust's stock valued at $675,456,000 after purchasing an additional 57,312 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DLR. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a report on Friday, July 25th. Mizuho boosted their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a report on Tuesday, June 17th. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Barclays upped their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Finally, Citigroup reaffirmed a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of "Moderate Buy" and a consensus price target of $190.74.

Digital Realty Trust Stock Performance

DLR opened at $174.66 on Friday. The firm has a market cap of $59.57 billion, a P/E ratio of 45.84, a PEG ratio of 5.00 and a beta of 0.96. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a 50 day simple moving average of $170.46 and a two-hundred day simple moving average of $163.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. Digital Realty Trust's dividend payout ratio is currently 128.08%.

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.

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