16,454 Shares of Digital Realty Trust, Inc. $DLR Purchased by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the third quarter, HoldingsChannel reports. The fund purchased 16,454 shares of the real estate investment trust’s stock, valued at approximately $2,888,000. Digital Realty Trust makes up approximately 1.6% of Canandaigua National Trust Co of Florida’s portfolio, making the stock its 15th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of DLR. BlackRock Inc. bought a new stake in Digital Realty Trust during the 2nd quarter valued at approximately $7,277,032,000. Cohen & Steers Inc. lifted its stake in shares of Digital Realty Trust by 18.0% in the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock valued at $4,332,366,000 after purchasing an additional 4,276,073 shares during the period. Bank of America Corp DE boosted its position in shares of Digital Realty Trust by 6.0% during the first quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust’s stock valued at $1,706,714,000 after purchasing an additional 534,158 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $1,178,095,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Digital Realty Trust by 17,256.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,890,993 shares of the real estate investment trust’s stock worth $878,325,000 after purchasing an additional 4,862,814 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DLR has been the subject of a number of research reports. TD Cowen upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $192.00 to $222.00 in a report on Friday, July 24th. Weiss Ratings cut shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Cantor Fitzgerald upped their target price on shares of Digital Realty Trust from $211.00 to $221.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Rothschild & Co Redburn assumed coverage on shares of Digital Realty Trust in a research note on Monday, September 21st. They issued a “buy” rating and a $227.00 price target for the company. Finally, Royal Bank Of Canada lifted their price target on shares of Digital Realty Trust from $207.00 to $227.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.69.

Get Our Latest Report on Digital Realty Trust

Digital Realty Trust Stock Down 2.3%

DLR stock traded down $4.24 on Wednesday, reaching $180.41. 1,771,722 shares of the company traded hands, compared to its average volume of 2,333,379. The firm has a fifty day simple moving average of $187.49 and a 200-day simple moving average of $187.16. The company has a market cap of $66.93 billion, a P/E ratio of 87.58, a price-to-earnings-growth ratio of 3.45 and a beta of 0.99. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06.

Digital Realty Trust (NYSE:DLR – Get Free Report) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.77). Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the firm posted $1.87 earnings per share. The company’s revenue was up 28.9% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Research analysts anticipate that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $1.22 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. Digital Realty Trust’s payout ratio is presently 236.89%.

Insider Buying and Selling

In related news, Director Mark Patterson sold 200 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the sale, the director directly owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. This represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

About Digital Realty Trust

(Free Report)

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers and related digital infrastructure. The company provides facilities and technology environments that support the computing, storage, networking and connectivity needs of enterprises, cloud service providers, telecommunications companies and other organizations.

Through its PlatformDIGITAL platform, Digital Realty offers data center colocation, interconnection and hyperscale data center solutions.

See Also

Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust, Inc. (NYSE:DLR – Free Report).

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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