Digital Realty Trust, Inc. $DLR Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,217 shares of the real estate investment trust’s stock after acquiring an additional 1,375 shares during the period. Cullen Frost Bankers Inc.’s holdings in Digital Realty Trust were worth $12,590,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. acquired a new stake in Digital Realty Trust in the first quarter valued at approximately $26,000. WPG Advisers LLC acquired a new stake in Digital Realty Trust in the first quarter valued at approximately $30,000. 1 North Wealth Services LLC acquired a new stake in Digital Realty Trust in the first quarter valued at approximately $31,000. Key Financial Inc boosted its stake 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 acquiring an additional 138 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in Digital Realty Trust in the first quarter valued at approximately $38,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DLR. Citigroup restated a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Wells Fargo & Company lifted their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Digital Realty Trust in a research note on Wednesday, October 8th. Finally, Morgan Stanley assumed coverage on shares of Digital Realty Trust in a research note on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $193.05.

Insider Transactions at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Digital Realty Trust Trading Up 0.5%

NYSE DLR opened at $172.57 on Thursday. The company has a market capitalization 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 fifty day moving average of $170.23 and a 200 day moving average of $168.29. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.13. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 earnings per share. Research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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

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.