Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,870,915 shares of the real estate investment trust's stock after selling 122,351 shares during the quarter. Principal Financial Group Inc. owned approximately 1.18% of Digital Realty Trust worth $626,427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DLR. Jackson Square Capital LLC purchased a new stake in Digital Realty Trust during the third quarter worth approximately $740,000. Graypoint LLC boosted its holdings in shares of Digital Realty Trust by 6.7% in the 3rd quarter. Graypoint LLC now owns 2,393 shares of the real estate investment trust's stock valued at $387,000 after buying an additional 150 shares in the last quarter. Forte Capital LLC ADV grew its position in shares of Digital Realty Trust by 1.8% in the 3rd quarter. Forte Capital LLC ADV now owns 14,275 shares of the real estate investment trust's stock valued at $2,310,000 after buying an additional 253 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in Digital Realty Trust by 94.6% in the third quarter. Concurrent Investment Advisors LLC now owns 6,420 shares of the real estate investment trust's stock valued at $1,039,000 after acquiring an additional 3,121 shares during the last quarter. Finally, Armor Investment Advisors LLC boosted its stake in Digital Realty Trust by 1.5% in the third quarter. Armor Investment Advisors LLC now owns 30,876 shares of the real estate investment trust's stock valued at $4,997,000 after acquiring an additional 462 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 2.8 %

NYSE DLR traded up $4.81 during mid-day trading on Thursday, reaching $178.43. 3,310,500 shares of the stock were exchanged, compared to its average volume of 1,852,500. The business's fifty day simple moving average is $162.36 and its 200 day simple moving average is $152.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.61. The stock has a market capitalization of $59.19 billion, a PE ratio of 150.54, a PEG ratio of 5.70 and a beta of 0.59. Digital Realty Trust, Inc. has a 1-year low of $126.22 and a 1-year high of $193.88.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by ($1.58). The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.62 EPS. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's payout ratio is currently 410.08%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DLR. Mizuho initiated coverage on Digital Realty Trust in a research report on Thursday, July 11th. They issued an "outperform" rating and a $170.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Raymond James upped their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a "strong-buy" rating in a report on Friday, October 25th. Truist Financial boosted their price target on Digital Realty Trust from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. Finally, Hsbc Global Res raised Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $167.68.

About Digital Realty Trust

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.