Digital Realty Trust, Inc. (DLR) Shares Sold by Comerica Bank

Comerica Bank cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 34.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,456 shares of the real estate investment trust’s stock after selling 39,768 shares during the period. Comerica Bank’s holdings in Digital Realty Trust were worth $8,475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of Digital Realty Trust by 49.3% in the third quarter. IFP Advisors Inc now owns 8,569 shares of the real estate investment trust’s stock worth $1,014,000 after purchasing an additional 2,829 shares during the last quarter. Confluence Investment Management LLC grew its holdings in shares of Digital Realty Trust by 1.7% in the fourth quarter. Confluence Investment Management LLC now owns 417,129 shares of the real estate investment trust’s stock worth $47,511,000 after purchasing an additional 7,088 shares during the last quarter. Strs Ohio grew its holdings in shares of Digital Realty Trust by 23.1% in the third quarter. Strs Ohio now owns 276,089 shares of the real estate investment trust’s stock worth $32,669,000 after purchasing an additional 51,720 shares during the last quarter. Lincoln National Corp bought a new position in shares of Digital Realty Trust in the third quarter worth about $368,000. Finally, Arcadia Investment Management Corp MI grew its holdings in shares of Digital Realty Trust by 2.4% in the third quarter. Arcadia Investment Management Corp MI now owns 26,144 shares of the real estate investment trust’s stock worth $3,094,000 after purchasing an additional 609 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Digital Realty Trust, Inc. (NYSE:DLR) opened at $98.96 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.85. Digital Realty Trust, Inc. has a 1-year low of $98.91 and a 1-year high of $127.23. The stock has a market cap of $21,400.96, a PE ratio of 17.42, a price-to-earnings-growth ratio of 2.12 and a beta of -0.11.

A number of research analysts have recently commented on DLR shares. Wells Fargo & Co upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $109.31 to $120.00 in a report on Friday, December 22nd. SunTrust Banks restated a “buy” rating and issued a $140.00 price target on shares of Digital Realty Trust in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Monday, October 30th. Deutsche Bank increased their target price on shares of Digital Realty Trust from $111.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, Jefferies Group reiterated a “hold” rating and set a $120.00 target price on shares of Digital Realty Trust in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. Digital Realty Trust has an average rating of “Buy” and a consensus price target of $122.94.

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About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

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

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