Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 18.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,771 shares of the real estate investment trust’s stock after selling 1,282 shares during the period. Johnson Investment Counsel Inc.’s holdings in Digital Realty Trust were worth $657,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Digital Realty Trust in the 4th quarter valued at $442,477,000. Duff & Phelps Investment Management Co. raised its holdings in shares of Digital Realty Trust by 7,454.2% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,263,445 shares of the real estate investment trust’s stock valued at $143,868,000 after buying an additional 1,246,720 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Digital Realty Trust by 195.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,097,030 shares of the real estate investment trust’s stock worth $109,999,000 after buying an additional 726,325 shares during the period. FMR LLC grew its holdings in shares of Digital Realty Trust by 11.8% during the first quarter. FMR LLC now owns 5,875,817 shares of the real estate investment trust’s stock worth $577,652,000 after buying an additional 619,551 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its position in Digital Realty Trust by 29.4% in the 1st quarter. Centersquare Investment Management LLC now owns 2,685,997 shares of the real estate investment trust’s stock valued at $380,875,000 after acquiring an additional 610,266 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 1.0 %

NYSE:DLR opened at $135.93 on Tuesday. The company has a market capitalization of $41.17 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53. Digital Realty Trust, Inc. has a 52-week low of $86.33 and a 52-week high of $136.55. The stock has a fifty day simple moving average of $124.40 and a 200-day simple moving average of $116.97. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.94.

Analysts Set New Price Targets

Several research analysts have weighed in on DLR shares. Citigroup lifted their target price on Digital Realty Trust from $128.00 to $136.00 and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Raymond James cut their price objective on shares of Digital Realty Trust from $155.00 to $140.00 in a research report on Friday, July 28th. Royal Bank of Canada lifted their target price on shares of Digital Realty Trust from $125.00 to $140.00 and gave the company an “outperformer” rating in a report on Monday, August 7th. BNP Paribas raised shares of Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $138.00 price target for the company in a report on Friday, July 28th. Finally, Jefferies Financial Group lifted their price objective on Digital Realty Trust from $132.00 to $144.00 in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $121.71.

About Digital Realty Trust

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.