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

Cypress Capital Group decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 4.2% in the third quarter, Holdings Channel reports. The firm owned 1,470 shares of the real estate investment trust’s stock after selling 64 shares during the quarter. Cypress Capital Group’s holdings in Digital Realty Trust were worth $238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new stake in Digital Realty Trust in the 2nd quarter worth approximately $25,000. Gradient Investments LLC grew its position in Digital Realty Trust by 75.2% in the 2nd 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 during the last quarter. American Capital Advisory LLC bought a new stake in Digital Realty Trust during the 2nd quarter valued at $27,000. Private Ocean LLC purchased a new stake in Digital Realty Trust during the second quarter worth $27,000. Finally, Asset Dedication LLC purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth approximately $31,000. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays boosted their price target on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday. Raymond James increased their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Royal Bank of Canada upped their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Jefferies Financial Group upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Stock Performance

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

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

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.60%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Digital Realty Trust 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.