Canandaigua National Bank & Trust Co. Grows Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Canandaigua National Bank & Trust Co. increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 5.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,321 shares of the real estate investment trust’s stock after purchasing an additional 1,475 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Digital Realty Trust were worth $3,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DLR. Operose Advisors LLC purchased a new position in Digital Realty Trust during the third quarter worth about $27,000. Baldwin Brothers LLC MA boosted its stake in Digital Realty Trust by 528.6% in the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 185 shares during the last quarter. Bfsg LLC purchased a new position in Digital Realty Trust in the fourth quarter valued at about $31,000. Turtle Creek Wealth Advisors LLC purchased a new position in Digital Realty Trust in the fourth quarter valued at about $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in Digital Realty Trust in the fourth quarter valued at about $32,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on DLR shares. TD Cowen boosted their target price on shares of Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Morgan Stanley boosted their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada boosted their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Finally, Barclays boosted their price target on shares of Digital Realty Trust from $119.00 to $123.00 and gave the company an “underweight” rating in a research report on Thursday, May 30th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Hold” and an average target price of $144.65.

Read Our Latest Research Report on Digital Realty Trust

Digital Realty Trust Price Performance

Digital Realty Trust stock traded up $1.05 during midday trading on Tuesday, reaching $150.06. 436,438 shares of the stock were exchanged, compared to its average volume of 1,973,169. The company’s fifty day moving average is $143.08 and its 200-day moving average is $140.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $46.88 billion, a PE ratio of 41.38, a PEG ratio of 19.73 and a beta of 0.57. Digital Realty Trust, Inc. has a 52 week low of $102.54 and a 52 week high of $154.18.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.25%. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Digital Realty Trust Company Profile

(Free Report)

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.

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

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