Canandaigua National Corp cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.8% in the 1st quarter, Holdings Channel reports. The fund owned 19,468 shares of the real estate investment trust’s stock after selling 764 shares during the quarter. Canandaigua National Corp’s holdings in Digital Realty Trust were worth $2,742,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. HBC Financial Services PLLC acquired a new position in Digital Realty Trust during the 4th quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new stake in Digital Realty Trust during the 4th quarter valued at $28,000. Salem Investment Counselors Inc. acquired a new stake in Digital Realty Trust during the 4th quarter valued at $28,000. Crescent Capital Consulting LLC acquired a new stake in Digital Realty Trust during the 4th quarter valued at $30,000. Finally, Merrion Investment Management Co LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter worth $32,000. 96.10% of the stock is owned by hedge funds and other institutional investors.
DLR has been the topic of a number of recent analyst reports. Evercore ISI initiated coverage on Digital Realty Trust in a research note on Wednesday, March 17th. They set an “in-line” rating and a $145.00 price target on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on Digital Realty Trust from $170.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, February 16th. Edward Jones raised Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 18th. Mizuho reduced their price target on Digital Realty Trust from $165.00 to $157.00 and set a “buy” rating on the stock in a research note on Thursday, March 18th. Finally, TD Securities raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Friday, December 18th. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $160.95.
NYSE DLR traded up $0.22 during trading hours on Thursday, reaching $143.12. The company’s stock had a trading volume of 8,794 shares, compared to its average volume of 1,784,305. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.74. The business has a 50-day simple moving average of $136.80 and a 200 day simple moving average of $140.86. Digital Realty Trust, Inc. has a 52 week low of $124.65 and a 52 week high of $165.49. The stock has a market cap of $40.23 billion, a PE ratio of 58.09, a PEG ratio of 3.01 and a beta of 0.10.
Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 11th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.52 by ($1.36). Digital Realty Trust had a return on equity of 5.31% and a net margin of 17.50%. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 6.13 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 15th were issued a $1.16 dividend. The ex-dividend date was Friday, March 12th. This represents a $4.64 dividend on an annualized basis and a yield of 3.24%. Digital Realty Trust’s dividend payout ratio is currently 69.77%.
In other news, Director Kevin Kennedy sold 200 shares of Digital Realty Trust stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $134.58, for a total transaction of $26,916.00. Following the sale, the director now owns 200 shares of the company’s stock, valued at $26,916. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David C. Ruberg sold 48,300 shares of Digital Realty Trust stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $133.38, for a total value of $6,442,254.00. Following the sale, the director now directly owns 719,808 shares in the company, valued at approximately $96,007,991.04. The disclosure for this sale can be found here. Insiders sold 55,780 shares of company stock worth $7,466,129 in the last three months. 0.61% of the stock is currently owned by corporate insiders.
Digital Realty Trust Company Profile
Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.
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