Inceptionr LLC Invests $1.07 Million in Digital Realty Trust, Inc. (NYSE:DLR)

Inceptionr LLC bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,019 shares of the real estate investment trust’s stock, valued at approximately $1,067,000.

Several other hedge funds have also recently modified their holdings of DLR. Farther Finance Advisors LLC lifted its holdings in shares of Digital Realty Trust by 32.9% in the third quarter. Farther Finance Advisors LLC now owns 2,320 shares of the real estate investment trust’s stock worth $375,000 after buying an additional 574 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Digital Realty Trust by 40.6% in the third quarter. Janney Montgomery Scott LLC now owns 43,440 shares of the real estate investment trust’s stock worth $7,030,000 after buying an additional 12,544 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Digital Realty Trust by 16.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 27,525 shares of the real estate investment trust’s stock worth $4,454,000 after buying an additional 3,923 shares in the last quarter. Catalina Capital Group LLC raised its stake in Digital Realty Trust by 3.8% during the third quarter. Catalina Capital Group LLC now owns 2,321 shares of the real estate investment trust’s stock valued at $376,000 after purchasing an additional 84 shares in the last quarter. Finally, Harvest Portfolios Group Inc. raised its stake in Digital Realty Trust by 102.4% during the third quarter. Harvest Portfolios Group Inc. now owns 10,272 shares of the real estate investment trust’s stock valued at $1,662,000 after purchasing an additional 5,196 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

DLR has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Truist Financial upped their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company cut their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $181.00.

Digital Realty Trust Stock Down 5.6 %

Shares of Digital Realty Trust stock opened at $148.50 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The firm’s 50-day moving average is $169.22 and its two-hundred day moving average is $169.86. The stock has a market cap of $49.99 billion, a price-to-earnings ratio of 91.67, a PEG ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s payout ratio is 301.23%.

Insider Buying and Selling at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.

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.