M&T Bank Corp Sells 1,746 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

M&T Bank Corp lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,060 shares of the real estate investment trust's stock after selling 1,746 shares during the period. M&T Bank Corp's holdings in Digital Realty Trust were worth $16,056,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in Digital Realty Trust by 18.4% in the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock valued at $692,630,000 after acquiring an additional 607,132 shares in the last quarter. Pacific Heights Asset Management LLC boosted its holdings in Digital Realty Trust by 33.3% in the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $14,329,000 after acquiring an additional 25,000 shares in the last quarter. Vectors Research Management LLC boosted its holdings in Digital Realty Trust by 15.8% in the first quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock valued at $3,082,000 after acquiring an additional 2,930 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Digital Realty Trust by 3.5% in the first quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock valued at $92,196,000 after acquiring an additional 21,598 shares in the last quarter. Finally, Sovran Advisors LLC boosted its holdings in Digital Realty Trust by 58.9% in the first quarter. Sovran Advisors LLC now owns 6,594 shares of the real estate investment trust's stock valued at $994,000 after acquiring an additional 2,444 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Oppenheimer assumed coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective for the company. Mizuho raised their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Jefferies Financial Group reissued a "buy" rating and set a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Finally, New Street Research raised Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $187.16.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares in the company, valued at $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Performance

NYSE:DLR traded down $2.15 during mid-day trading on Friday, reaching $168.33. The company's stock had a trading volume of 1,493,984 shares, compared to its average volume of 2,017,222. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The firm's fifty day moving average price is $171.73 and its two-hundred day moving average price is $164.18. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. The stock has a market cap of $56.69 billion, a P/E ratio of 157.32, a PEG ratio of 2.59 and a beta of 0.95.

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 for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $1.67 EPS. Digital Realty Trust's revenue was up 5.7% on a year-over-year basis. On average, equities 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 announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is 456.07%.

Digital Realty Trust 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.