Cypress Capital Group Lowers Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Cypress Capital Group cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,470 shares of the real estate investment trust’s stock after selling 64 shares during the period. Cypress Capital Group’s holdings in Digital Realty Trust were worth $238,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Digital Realty Trust during the second quarter worth $25,000. Gradient Investments LLC boosted its holdings in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust in the second quarter valued at about $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust during the second quarter worth about $27,000. Finally, Asset Dedication LLC acquired a new stake in Digital Realty Trust in the second quarter valued at about $31,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DLR. Truist Financial increased their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. TD Cowen boosted their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group raised their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $170.37.

Digital Realty Trust Price Performance

NYSE DLR opened at $187.49 on Friday. The stock has a market cap of $62.19 billion, a price-to-earnings ratio of 157.55, a PEG ratio of 4.97 and a beta of 0.59. The business has a 50 day simple moving average of $168.94 and a 200 day simple moving average of $156.03. Digital Realty Trust, Inc. has a 52-week low of $130.00 and a 52-week high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 earnings per share. Analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

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.