Goelzer Investment Management Inc. lowered its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 49,719 shares of the real estate investment trust’s stock after selling 715 shares during the period. Goelzer Investment Management Inc.’s holdings in Digital Realty Trust were worth $5,616,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Ledyard National Bank boosted its position in shares of Digital Realty Trust by 15.9% in the first quarter. Ledyard National Bank now owns 1,095 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 150 shares during the period. Muzinich & Co. Inc. boosted its position in shares of Digital Realty Trust by 37.1% in the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 383 shares during the period. Westside Investment Management Inc. bought a new position in shares of Digital Realty Trust during the first quarter worth about $160,000. AXA bought a new position in shares of Digital Realty Trust during the first quarter worth about $200,000. Finally, Exane Derivatives boosted its position in shares of Digital Realty Trust by 157.3% in the first quarter. Exane Derivatives now owns 1,909 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 1,167 shares during the period.

Digital Realty Trust, Inc. (NYSE DLR) opened at 115.20 on Monday. Digital Realty Trust, Inc. has a 12-month low of $85.63 and a 12-month high of $121.53. The stock’s 50 day moving average price is $114.34 and its 200 day moving average price is $110.74. The company has a market cap of $18.68 billion, a PE ratio of 46.79 and a beta of -0.03.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, beating the consensus estimate of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The company had revenue of $565.99 million for the quarter, compared to analyst estimates of $559.93 million. During the same quarter in the prior year, the company earned $1.42 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts anticipate that Digital Realty Trust, Inc. will post $1.58 EPS for the current year.

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A number of brokerages have issued reports on DLR. Royal Bank Of Canada restated a “buy” rating on shares of Digital Realty Trust in a report on Monday, May 1st. Macquarie restated a “neutral” rating and set a $105.00 target price on shares of Digital Realty Trust in a report on Tuesday, July 4th. BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Monday, July 17th. Finally, Deutsche Bank AG raised their target price on Digital Realty Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Digital Realty Trust currently has an average rating of “Buy” and a consensus target price of $116.67.

In related news, SVP Joshua A. Mills sold 9,211 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following the sale, the senior vice president now owns 13,377 shares in the company, valued at approximately $1,605,240. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by corporate insiders.

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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