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

Principal Financial Group Inc. decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,916,933 shares of the real estate investment trust's stock after selling 33,304 shares during the quarter. Principal Financial Group Inc. owned about 1.16% of Digital Realty Trust worth $561,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at $35,000. Opal Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust in the first quarter valued at $38,000. SRS Capital Advisors Inc. grew its stake in shares of Digital Realty Trust by 502.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 201 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at $43,000. Finally, Grove Bank & Trust grew its stake in shares of Digital Realty Trust by 306.7% in the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Up 0.3%

NYSE DLR traded up $0.44 during trading on Friday, reaching $172.60. 780,879 shares of the company's stock were exchanged, compared to its average volume of 2,021,782. The stock has a market cap of $58.13 billion, a P/E ratio of 161.31, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. The company has a 50 day moving average price of $170.84 and a two-hundred day moving average price of $164.45. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business earned $1.67 EPS. Digital Realty Trust's revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's payout ratio is currently 456.07%.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of research reports. Barclays dropped their price objective on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. Mizuho boosted their target price on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Scotiabank lowered their target price on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. New Street Research raised Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $187.16.

Digital Realty Trust Profile

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.