Digital Realty Trust, Inc. $DLR Stake Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,704,993 shares of the real estate investment trust’s stock after purchasing an additional 14,446 shares during the quarter. Principal Financial Group Inc.’s holdings in Digital Realty Trust were worth $667,679,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $3,402,995,000. Cohen & Steers Inc. boosted its holdings in shares of Digital Realty Trust by 18.0% in the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock valued at $4,332,366,000 after buying an additional 4,276,073 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Digital Realty Trust by 686.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock valued at $831,123,000 after buying an additional 4,195,862 shares during the last quarter. Viking Global Investors LP bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $233,301,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Digital Realty Trust by 78.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,190,797 shares of the real estate investment trust’s stock worth $493,650,000 after acquiring an additional 1,405,791 shares during the period. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of recent research reports. Barclays raised their target price on shares of Digital Realty Trust from $189.00 to $197.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. BMO Capital Markets increased their price target on Digital Realty Trust from $205.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Evercore raised their price target on Digital Realty Trust from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Wolfe Research boosted their price objective on Digital Realty Trust from $194.00 to $211.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $211.00 price objective on shares of Digital Realty Trust in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $216.75.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $177.78 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78. The stock has a 50 day simple moving average of $187.41 and a 200-day simple moving average of $179.38. The company has a market cap of $62.47 billion, a PE ratio of 46.91, a P/E/G ratio of 4.90 and a beta of 1.03. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. Digital Realty Trust had a return on equity of 6.05% and a net margin of 21.73%.The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the company posted $1.77 EPS. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 8.05 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.7%. Digital Realty Trust’s dividend payout ratio is presently 128.76%.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.