Digital Realty Trust, Inc. $DLR Shares Acquired by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 317.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,466 shares of the real estate investment trust’s stock after purchasing an additional 61,950 shares during the quarter. Digital Realty Trust makes up 1.3% of Canandaigua National Bank & Trust Co.’s portfolio, making the stock its 14th largest holding. Canandaigua National Bank & Trust Co.’s holdings in Digital Realty Trust were worth $14,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Digital Realty Trust during the 2nd quarter worth about $7,277,032,000. Bank of America Corp DE acquired a new position in Digital Realty Trust in the second quarter worth about $1,605,671,000. Canada Pension Plan Investment Board bought a new position in Digital Realty Trust during the second quarter worth about $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Digital Realty Trust by 17,256.9% during 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 valued at $878,325,000 after purchasing an additional 4,862,814 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its holdings in Digital Realty Trust by 18.0% during the fourth 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 in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DLR. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the stock an “overweight” rating in a research 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 research note on Wednesday, August 12th. HSBC dropped their price objective on shares of Digital Realty Trust from $240.00 to $235.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Evercore reissued an “outperform” rating and issued a $240.00 target price on shares of Digital Realty Trust in a report on Tuesday, August 18th. Finally, Argus upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $219.69.

Digital Realty Trust Trading Down 2.3%

Shares of DLR traded down $4.24 during trading hours on Wednesday, hitting $180.41. 1,771,722 shares of the stock traded hands, compared to its average volume of 2,333,379. The business has a fifty day moving average of $187.49 and a 200-day moving average of $187.16. The firm has a market capitalization of $66.93 billion, a PE 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 1-year low of $146.23 and a 1-year high of $208.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.

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

Digital Realty Trust Dividend Announcement

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

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the sale, the director owned 6,322 shares in the company, valued at approximately $1,226,215.12. The trade was a 3.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Digital Realty Trust Profile

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.