Principal Financial Group Inc. Has $570.97 Million Holdings in Digital Realty Trust, Inc. $DLR

Principal Financial Group Inc. cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,690,547 shares of the real estate investment trust’s stock after selling 18,167 shares during the quarter. Principal Financial Group Inc.’s holdings in Digital Realty Trust were worth $570,966,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Bison Wealth LLC boosted its stake in Digital Realty Trust by 17.2% during the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 390 shares in the last quarter. Empowered Funds LLC boosted its stake in Digital Realty Trust by 9.4% during the first quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock worth $972,000 after acquiring an additional 584 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Digital Realty Trust by 23.0% during the second quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust’s stock worth $3,790,000 after acquiring an additional 4,069 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Digital Realty Trust by 3.9% during the second quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust’s stock worth $27,469,000 after acquiring an additional 5,909 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its stake in Digital Realty Trust by 0.8% during the second quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust’s stock worth $4,816,000 after acquiring an additional 231 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Down 1.1%

Digital Realty Trust stock opened at $198.51 on Tuesday. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14. The firm has a market capitalization of $69.27 billion, a price-to-earnings ratio of 52.38, a price-to-earnings-growth ratio of 5.46 and a beta of 1.06. The firm’s fifty day moving average price is $184.67 and its two-hundred day moving average price is $170.85. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the firm earned $1.77 earnings per share. The business’s quarterly revenue 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 predict that Digital Realty Trust, Inc. will post 8.05 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, March 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 128.76%.

Analyst Ratings Changes

Several brokerages recently issued reports on DLR. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Truist Financial began coverage on shares of Digital Realty Trust in a research note on Tuesday, March 31st. They set a “buy” rating and a $207.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Digital Realty Trust in a research note on Monday, January 5th. They set a “buy” rating and a $180.00 target price on the stock. Citigroup reissued an “outperform” rating on shares of Digital Realty Trust in a research note on Monday, April 27th. Finally, HSBC lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating and increased their target price for the stock from $193.00 to $210.00 in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $213.86.

Digital Realty Trust Company Profile

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.