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

Canandaigua National Bank & Trust Co. boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 317.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,466 shares of the real estate investment trust’s stock after purchasing an additional 61,950 shares during the quarter. Digital Realty Trust accounts for about 1.3% of Canandaigua National Bank & Trust Co.’s investment portfolio, making the stock its 14th biggest holding. Canandaigua National Bank & Trust Co.’s holdings in Digital Realty Trust were worth $14,300,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DLR. BlackRock Inc. bought a new position in shares of Digital Realty Trust during the second quarter worth $7,277,032,000. Cohen & Steers Inc. increased its position in shares of Digital Realty Trust by 18.0% in the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock valued at $4,332,366,000 after buying an additional 4,276,073 shares in the last quarter. Bank of America Corp DE raised its stake in Digital Realty Trust by 6.0% during the 1st quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust’s stock worth $1,706,714,000 after buying an additional 534,158 shares during the period. Canada Pension Plan Investment Board bought a new position in Digital Realty Trust during the second quarter worth about $1,178,095,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Digital Realty Trust by 17,256.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,890,993 shares of the real estate investment trust’s stock worth $878,325,000 after acquiring an additional 4,862,814 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Down 2.3%

Shares of DLR stock traded down $4.24 on Wednesday, hitting $180.41. 1,771,722 shares of the stock were exchanged, compared to its average volume of 2,333,379. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $66.93 billion, a P/E ratio of 87.58, a price-to-earnings-growth ratio of 3.45 and a beta of 0.99. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The business has a 50-day moving average of $187.49 and a 200 day moving average of $187.16.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the business posted $1.87 EPS. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Equities analysts anticipate that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $1.22 per share. The ex-dividend date was Tuesday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.7%. Digital Realty Trust’s dividend payout ratio is presently 236.89%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DLR shares. Citigroup restated a “market outperform” rating on shares of Digital Realty Trust in a report on Friday, July 24th. Mizuho set a $223.00 price objective on Digital Realty Trust in a research report on Monday, August 10th. Wells Fargo & Company raised Digital Realty Trust from an “overweight” rating to a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings downgraded shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Finally, TD Cowen raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $192.00 to $222.00 in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $219.69.

Insiders Place Their Bets

In related news, Director Mark Patterson sold 200 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of the transaction, the director owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.15% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers and related digital infrastructure. The company provides facilities and technology environments that support the computing, storage, networking and connectivity needs of enterprises, cloud service providers, telecommunications companies and other organizations.

Through its PlatformDIGITAL platform, Digital Realty offers data center colocation, interconnection and hyperscale data center solutions.