Cullen Frost Bankers Inc. Trims Stock Position in Digital Realty Trust, Inc. $DLR

Cullen Frost Bankers Inc. cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 52.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,355 shares of the real estate investment trust’s stock after selling 37,458 shares during the period. Cullen Frost Bankers Inc.’s holdings in Digital Realty Trust were worth $5,160,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DLR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Digital Realty Trust by 686.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock valued at $831,123,000 after acquiring an additional 4,195,862 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Digital Realty Trust by 5,759.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,357,805 shares of the real estate investment trust’s stock worth $210,066,000 after buying an additional 1,334,632 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Digital Realty Trust by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust’s stock worth $8,394,620,000 after buying an additional 854,828 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Digital Realty Trust by 581.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 961,121 shares of the real estate investment trust’s stock worth $166,159,000 after buying an additional 819,982 shares in the last quarter. Finally, Resolution Capital Ltd raised its stake in shares of Digital Realty Trust by 25.2% during the 2nd quarter. Resolution Capital Ltd now owns 2,967,618 shares of the real estate investment trust’s stock worth $517,345,000 after buying an additional 596,420 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DLR shares. Wolfe Research increased their target price on Digital Realty Trust from $194.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Morgan Stanley increased their target price on Digital Realty Trust from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. UBS Group increased their target price on Digital Realty Trust from $225.00 to $227.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Scotiabank increased their target price on Digital Realty Trust from $195.00 to $222.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $215.89.

Digital Realty Trust Stock Performance

NYSE DLR opened at $190.23 on Thursday. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14. The company has a market capitalization of $66.85 billion, a P/E ratio of 50.19, a PEG ratio of 5.06 and a beta of 1.06. The business has a 50 day moving average price of $188.25 and a 200 day moving average price of $172.48. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59.

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 the consensus estimate of $0.46. Digital Realty Trust had a return on equity of 6.05% and a net margin of 21.73%.The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the business posted $1.77 EPS. Digital Realty Trust’s quarterly revenue was up 16.2% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. Sell-side analysts expect that Digital Realty Trust, Inc. will post 8.06 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.76%.

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.