Canandaigua National Bank & Trust Co. Decreases Stock Holdings in Digital Realty Trust, Inc. $DLR

Canandaigua National Bank & Trust Co. reduced its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,795 shares of the real estate investment trust’s stock after selling 183 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Digital Realty Trust were worth $3,451,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DLR. Greykasell Wealth Strategies Inc. acquired a new position in Digital Realty Trust in the 1st quarter valued at $26,000. WPG Advisers LLC acquired a new position in Digital Realty Trust in the 1st quarter valued at $30,000. 1 North Wealth Services LLC acquired a new position in Digital Realty Trust in the 1st quarter valued at $31,000. Key Financial Inc raised its stake in Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 138 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust in the 1st quarter worth $38,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DLR has been the subject of a number of recent research reports. Raymond James Financial raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 25th. Citigroup reaffirmed a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Wells Fargo & Company raised their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Finally, Bank of America assumed coverage on Digital Realty Trust in a research note on Monday, May 19th. They issued a “buy” rating and a $210.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $190.74.

Digital Realty Trust Stock Down 0.7%

Shares of NYSE:DLR opened at $173.50 on Monday. The business has a 50-day moving average price of $170.48 and a 200 day moving average price of $163.85. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $59.17 billion, a price-to-earnings ratio of 45.54, a PEG ratio of 4.99 and a beta of 0.96. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business posted $1.65 EPS. Digital Realty Trust’s revenue for the quarter was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 128.08%.

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.