Canandaigua National Bank & Trust Co. Sells 6,811 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Canandaigua National Bank & Trust Co. lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 25.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,978 shares of the real estate investment trust's stock after selling 6,811 shares during the period. Canandaigua National Bank & Trust Co.'s holdings in Digital Realty Trust were worth $2,863,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fairway Wealth LLC bought a new position in Digital Realty Trust in the 4th quarter worth about $35,000. Opal Wealth Advisors LLC acquired a new position in shares of Digital Realty Trust during the first quarter worth approximately $38,000. SRS Capital Advisors Inc. increased its position in Digital Realty Trust by 502.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 201 shares during the period. Millstone Evans Group LLC bought a new stake in Digital Realty Trust during the 4th quarter valued at $43,000. Finally, Grove Bank & Trust boosted its position in Digital Realty Trust by 306.7% during the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 230 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 1.7%

Shares of DLR stock traded up $2.92 during trading on Monday, hitting $174.28. 2,505,682 shares of the company were exchanged, compared to its average volume of 2,014,448. The business's 50-day simple moving average is $168.80 and its 200 day simple moving average is $164.60. Digital Realty Trust, Inc. has a twelve month low of $123.33 and a twelve month high of $198.00. The firm has a market capitalization of $58.70 billion, a price-to-earnings ratio of 162.88, a P/E/G ratio of 2.61 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $1.67 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.80%. Digital Realty Trust's dividend payout ratio (DPR) is 456.07%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the transaction, the director directly owned 6,522 shares of the company's stock, valued at $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DLR shares. Barclays lowered their price target on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Truist Financial dropped their price target on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Scotiabank lowered their price objective on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, New Street Research raised Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $186.55.

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.