US Bancorp DE Sells 112,675 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

US Bancorp DE reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 34.7% in the second quarter, Holdings Channel.com reports. The fund owned 212,178 shares of the real estate investment trust’s stock after selling 112,675 shares during the period. US Bancorp DE’s holdings in Digital Realty Trust were worth $24,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Digital Realty Trust by 0.7% during the first quarter. BlackRock Inc. now owns 27,569,868 shares of the real estate investment trust’s stock valued at $2,710,394,000 after buying an additional 185,845 shares during the period. State Street Corp lifted its stake in Digital Realty Trust by 0.5% during the first quarter. State Street Corp now owns 20,131,762 shares of the real estate investment trust’s stock worth $1,979,148,000 after purchasing an additional 96,038 shares during the last quarter. APG Asset Management US Inc. lifted its stake in Digital Realty Trust by 0.3% during the first quarter. APG Asset Management US Inc. now owns 10,020,960 shares of the real estate investment trust’s stock worth $985,161,000 after purchasing an additional 26,148 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Digital Realty Trust by 2.5% during the first quarter. Principal Financial Group Inc. now owns 7,170,504 shares of the real estate investment trust’s stock worth $704,925,000 after purchasing an additional 176,565 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Digital Realty Trust by 13.3% during the first quarter. Daiwa Securities Group Inc. now owns 6,100,440 shares of the real estate investment trust’s stock worth $599,734,000 after purchasing an additional 715,291 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DLR shares. Morgan Stanley dropped their price target on Digital Realty Trust from $102.00 to $98.00 and set an “equal weight” rating for the company in a research note on Monday, October 23rd. Royal Bank of Canada lifted their price objective on Digital Realty Trust from $125.00 to $140.00 and gave the stock an “outperformer” rating in a report on Monday, August 7th. Barclays lifted their price objective on Digital Realty Trust from $80.00 to $94.00 and gave the stock an “underweight” rating in a report on Wednesday, August 2nd. Deutsche Bank Aktiengesellschaft downgraded Digital Realty Trust from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $112.00 to $131.00 in a report on Friday, August 25th. 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 equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and an average target price of $121.71.

Digital Realty Trust Stock Performance

Shares of DLR opened at $134.53 on Friday. The stock has a market cap of $40.74 billion, a P/E ratio of 46.87, a P/E/G 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 company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average price is $124.30 and its 200-day moving average price is $116.39.

Digital Realty Trust Profile

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.