Digital Realty Trust, Inc. (NYSE:DLR) Stock Holdings Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 8.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,320 shares of the real estate investment trust's stock after buying an additional 3,284 shares during the period. PNC Financial Services Group Inc.'s holdings in Digital Realty Trust were worth $6,525,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DLR. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust during the second quarter worth approximately $25,000. Gradient Investments LLC raised its stake in 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 during the period. American Capital Advisory LLC purchased a new position in Digital Realty Trust during the second quarter worth approximately $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust during the second quarter worth approximately $27,000. Finally, Asset Dedication LLC purchased a new position in Digital Realty Trust during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $189.84 on Friday. The firm has a market cap of $62.97 billion, a P/E ratio of 159.53, a P/E/G ratio of 4.97 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 1-year low of $130.00 and a 1-year high of $193.88. The firm has a fifty day moving average of $169.56 and a two-hundred day moving average of $156.43.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business earned $1.62 earnings per share. Digital Realty Trust's revenue was up 2.1% on a year-over-year basis. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.57%. Digital Realty Trust's payout ratio is currently 410.08%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DLR. Jefferies Financial Group increased their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Truist Financial increased their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Hsbc Global Res raised shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research report on Friday, October 4th. Scotiabank increased their price objective on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Finally, Raymond James increased their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a "strong-buy" rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Hold" and a consensus price target of $170.37.

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.