Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Canandaigua National Corp

Canandaigua National Corp cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLRGet Rating) by 4.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,127 shares of the real estate investment trust’s stock after selling 847 shares during the period. Canandaigua National Corp’s holdings in Digital Realty Trust were worth $2,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Digital Realty Trust by 1.5% during the first quarter. Vanguard Group Inc. now owns 45,440,352 shares of the real estate investment trust’s stock valued at $6,443,442,000 after purchasing an additional 661,206 shares during the period. BlackRock Inc. lifted its position in Digital Realty Trust by 5.3% during the fourth quarter. BlackRock Inc. now owns 27,078,699 shares of the real estate investment trust’s stock valued at $4,789,409,000 after purchasing an additional 1,360,474 shares during the period. State Street Corp lifted its position in Digital Realty Trust by 8.0% during the first quarter. State Street Corp now owns 19,146,859 shares of the real estate investment trust’s stock valued at $2,715,025,000 after purchasing an additional 1,425,990 shares during the period. Cohen & Steers Inc. lifted its position in Digital Realty Trust by 8.5% during the first quarter. Cohen & Steers Inc. now owns 13,978,576 shares of the real estate investment trust’s stock valued at $1,982,504,000 after purchasing an additional 1,100,311 shares during the period. Finally, Geode Capital Management LLC lifted its position in Digital Realty Trust by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 5,331,398 shares of the real estate investment trust’s stock valued at $940,538,000 after purchasing an additional 274,575 shares during the period. 95.03% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 0.2 %

Shares of DLR opened at $112.08 on Monday. Digital Realty Trust, Inc. has a 12-month low of $111.00 and a 12-month high of $178.22. The firm has a market capitalization of $32.21 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.42 and a beta of 0.33. The firm has a 50-day moving average price of $125.77 and a 200 day moving average price of $133.35. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.85.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 4.35%. Digital Realty Trust’s dividend payout ratio is currently 107.02%.

Insider Activity

In other Digital Realty Trust news, EVP Dyer Corey sold 6,253 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $132.40, for a total transaction of $827,897.20. Following the completion of the sale, the executive vice president now owns 11,689 shares of the company’s stock, valued at $1,547,623.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of Digital Realty Trust from $142.00 to $126.00 and set an “equal weight” rating for the company in a research report on Thursday, August 18th. Jefferies Financial Group upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $151.00 to $160.00 in a research report on Thursday, June 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Digital Realty Trust from $144.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Citigroup decreased their price objective on shares of Digital Realty Trust from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, June 10th. Finally, Morgan Stanley decreased their price objective on shares of Digital Realty Trust from $154.00 to $141.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $160.71.

Digital Realty Trust Profile

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Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.

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

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