Principal Financial Group Inc. Reduces Holdings in Digital Realty Trust, Inc. $DLR

Principal Financial Group Inc. reduced its position in Digital Realty Trust, Inc. (NYSE:DLR) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,708,714 shares of the real estate investment trust’s stock after selling 77,225 shares during the period. Principal Financial Group Inc. owned approximately 1.09% of Digital Realty Trust worth $641,164,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Summit Place Financial Advisors LLC raised its position in shares of Digital Realty Trust by 2.0% in the 2nd quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 57 shares in the last quarter. Riverbend Wealth Management LLC increased its stake in shares of Digital Realty Trust by 3.0% in the second quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 60 shares during the last quarter. Security National Bank of Sioux City Iowa IA raised its holdings in Digital Realty Trust by 0.4% in the third quarter. Security National Bank of Sioux City Iowa IA now owns 14,335 shares of the real estate investment trust’s stock valued at $2,478,000 after acquiring an additional 60 shares in the last quarter. Telos Capital Management Inc. boosted its stake in Digital Realty Trust by 0.8% during the 2nd quarter. Telos Capital Management Inc. now owns 8,089 shares of the real estate investment trust’s stock valued at $1,410,000 after acquiring an additional 64 shares during the last quarter. Finally, Horst & Graben Wealth Management LLC grew its holdings in Digital Realty Trust by 0.4% during the 2nd quarter. Horst & Graben Wealth Management LLC now owns 16,030 shares of the real estate investment trust’s stock worth $2,795,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DLR. KeyCorp restated a “sector weight” rating on shares of Digital Realty Trust in a research note on Thursday. Daiwa Capital Markets initiated coverage on Digital Realty Trust in a research note on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price objective on the stock. UBS Group set a $189.00 target price on Digital Realty Trust in a research report on Wednesday, January 14th. Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target on the stock in a research report on Monday, October 20th. Finally, Loop Capital set a $205.00 price objective on Digital Realty Trust in a research note on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.22.

Digital Realty Trust Stock Performance

DLR stock opened at $165.92 on Friday. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $182.48. The stock has a market capitalization of $56.99 billion, a price-to-earnings ratio of 42.87, a PEG ratio of 3.91 and a beta of 1.11. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.02 and a current ratio of 2.02. The stock’s fifty day moving average is $157.81 and its two-hundred day moving average is $165.99.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. The business had revenue of $1.58 billion for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. On average, research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, December 15th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 2.9%. Digital Realty Trust’s payout ratio is presently 126.10%.

Insider Transactions at Digital Realty Trust

In other news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

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.