Cullen Frost Bankers Inc. lifted its position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 76.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,022 shares of the real estate investment trust’s stock after buying an additional 5,629 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in DIGITAL RLTY TR/SH were worth $1,690,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of DIGITAL RLTY TR/SH by 1.2% during the second quarter. Vanguard Group Inc. now owns 33,699,413 shares of the real estate investment trust’s stock valued at $3,969,454,000 after buying an additional 388,759 shares during the last quarter. APG Asset Management US Inc. raised its position in DIGITAL RLTY TR/SH by 3.5% in the second quarter. APG Asset Management US Inc. now owns 9,304,500 shares of the real estate investment trust’s stock worth $1,095,977,000 after acquiring an additional 313,000 shares during the period. Parnassus Investments CA raised its position in DIGITAL RLTY TR/SH by 16.8% in the third quarter. Parnassus Investments CA now owns 3,572,590 shares of the real estate investment trust’s stock worth $463,758,000 after acquiring an additional 513,401 shares during the period. Northern Trust Corp raised its position in shares of DIGITAL RLTY TR/SH by 1.7% in the second quarter. Northern Trust Corp now owns 3,328,399 shares of the real estate investment trust’s stock valued at $392,052,000 after purchasing an additional 57,232 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of DIGITAL RLTY TR/SH by 1.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,303,216 shares of the real estate investment trust’s stock valued at $389,086,000 after purchasing an additional 51,251 shares during the period.
In other news, Director Kevin Kennedy sold 300 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $125.00, for a total value of $37,500.00. Following the completion of the sale, the director now owns 300 shares of the company’s stock, valued at approximately $37,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by corporate insiders.
Shares of DIGITAL RLTY TR/SH stock traded down $1.88 during trading on Friday, reaching $116.80. The company’s stock had a trading volume of 98,367 shares, compared to its average volume of 1,582,672. DIGITAL RLTY TR/SH has a 52-week low of $100.05 and a 52-week high of $136.32. The company has a market cap of $24.51 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.69 and a beta of 0.38. The firm’s 50-day moving average is $129.09 and its two-hundred day moving average is $122.12. The company has a quick ratio of 0.36, a current ratio of 0.33 and a debt-to-equity ratio of 1.20.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.03. DIGITAL RLTY TR/SH had a net margin of 9.22% and a return on equity of 2.69%. The company had revenue of $806.50 million during the quarter, compared to analysts’ expectations of $814.47 million. During the same quarter in the prior year, the company earned $0.33 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. On average, equities research analysts anticipate that DIGITAL RLTY TR/SH will post 6.61 EPS for the current year.
Several analysts have recently issued reports on the stock. Guggenheim lowered shares of DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and boosted their price target for the company from $127.00 to $132.00 in a research report on Wednesday, September 11th. Royal Bank of Canada set a $130.00 price target on shares of DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a research note on Friday, August 9th. William Blair raised shares of DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 30th. Barclays set a $162.00 price target on shares of DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, Morgan Stanley cut shares of DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and boosted their price target for the stock from $118.00 to $122.00 in a research note on Thursday, September 19th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $131.21.
About DIGITAL RLTY TR/SH
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
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