Cullen Frost Bankers Inc. Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

Cullen Frost Bankers Inc. lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.3% in the fourth quarter, Holdings Channel reports. The firm owned 68,986 shares of the real estate investment trust’s stock after purchasing an additional 2,866 shares during the period. Cullen Frost Bankers Inc.’s holdings in Digital Realty Trust were worth $9,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Operose Advisors LLC purchased a new stake in Digital Realty Trust during the third quarter worth approximately $27,000. Baldwin Brothers LLC MA lifted its holdings in shares of Digital Realty Trust by 528.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Bfsg LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth $31,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Digital Realty Trust in the 4th quarter valued at $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in Digital Realty Trust in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the transaction, the director now directly owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DLR shares. Truist Financial upped their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $135.00 to $155.00 in a research report on Tuesday, April 9th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Scotiabank lowered shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price objective on the stock. in a report on Friday, February 16th. Finally, TD Cowen raised their target price on Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $142.65.

Digital Realty Trust Stock Performance

NYSE:DLR traded down $4.45 during trading hours on Wednesday, reaching $140.18. 6,518,676 shares of the stock were exchanged, compared to its average volume of 2,013,553. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $43.80 billion, a P/E ratio of 38.94, a P/E/G ratio of 3.34 and a beta of 0.55. The firm has a 50 day simple moving average of $142.51 and a 200-day simple moving average of $137.93.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.48%. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.