Cullen Frost Bankers Inc. Grows Holdings in Digital Realty Trust, Inc. $DLR

Cullen Frost Bankers Inc. raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,217 shares of the real estate investment trust’s stock after buying an additional 1,375 shares during the period. Cullen Frost Bankers Inc.’s holdings in Digital Realty Trust were worth $12,590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLR. Greykasell Wealth Strategies Inc. purchased a new position in Digital Realty Trust in the first quarter valued at $26,000. WPG Advisers LLC purchased a new position in Digital Realty Trust in the first quarter valued at $30,000. 1 North Wealth Services LLC purchased a new position in Digital Realty Trust in the first quarter valued at $31,000. Key Financial Inc increased its holdings in Digital Realty Trust by 114.0% in the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 138 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in Digital Realty Trust in the first quarter valued at $38,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.5%

Shares of NYSE DLR opened at $172.57 on Thursday. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The stock has a market cap of $58.85 billion, a PE ratio of 45.29, a P/E/G ratio of 4.83 and a beta of 0.96. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average of $170.23 and a 200 day moving average of $168.29.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the company earned $1.65 EPS. Digital Realty Trust’s revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s dividend payout ratio is currently 128.08%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DLR shares. Wolfe Research raised shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price objective for the company in a report on Monday. Guggenheim began coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a “neutral” rating for the company. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Barclays boosted their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 20th. Finally, Moffett Nathanson boosted their target price on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $193.05.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

Digital Realty Trust Company 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.