M&T Bank Corp Sells 344 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

M&T Bank Corp reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 113,806 shares of the real estate investment trust’s stock after selling 344 shares during the period. M&T Bank Corp’s holdings in Digital Realty Trust were worth $20,181,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC lifted its holdings in Digital Realty Trust by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 59 shares during the last quarter. Stolper Co lifted its holdings in Digital Realty Trust by 0.5% during the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock valued at $2,243,000 after purchasing an additional 64 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock valued at $769,000 after purchasing an additional 64 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of Digital Realty Trust by 6.6% in the third quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust’s stock worth $176,000 after acquiring an additional 67 shares during the last quarter. Finally, Catalina Capital Group LLC raised its stake in shares of Digital Realty Trust by 3.1% in the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust’s stock worth $424,000 after acquiring an additional 72 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on DLR. Barclays boosted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Truist Financial boosted their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.00.

Insider Activity at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Up 1.2 %

Shares of NYSE DLR opened at $157.48 on Thursday. The stock has a market cap of $53.01 billion, a P/E ratio of 97.21, a P/E/G ratio of 4.38 and a beta of 0.65. The firm has a 50 day moving average price of $169.84 and a 200 day moving average price of $170.01. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

About Digital Realty Trust

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.