CIBC Asset Management Inc Purchases 2,610 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

CIBC Asset Management Inc boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,707 shares of the real estate investment trust's stock after purchasing an additional 2,610 shares during the quarter. CIBC Asset Management Inc's holdings in Digital Realty Trust were worth $8,460,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc grew its holdings in Digital Realty Trust by 17.7% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust's stock valued at $11,768,000 after purchasing an additional 9,959 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of Digital Realty Trust by 26.4% in the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust's stock valued at $9,682,000 after buying an additional 11,405 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Digital Realty Trust by 6.4% in the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust's stock valued at $61,643,000 after buying an additional 23,028 shares during the period. Cumberland Partners Ltd boosted its holdings in shares of Digital Realty Trust by 207.3% in the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust's stock valued at $7,540,000 after buying an additional 31,430 shares during the period. Finally, Leavell Investment Management Inc. boosted its holdings in shares of Digital Realty Trust by 74.1% in the fourth quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust's stock valued at $3,262,000 after buying an additional 7,781 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Analysts Set New Price Targets

DLR has been the subject of several recent research reports. JMP Securities restated a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Tuesday. Stifel Nicolaus increased their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and increased their target price for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. Finally, Barclays upped their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an "underweight" rating in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $179.95.

Digital Realty Trust Trading Down 3.9 %

DLR traded down $6.74 during trading on Friday, reaching $165.26. 2,498,440 shares of the company's stock were exchanged, compared to its average volume of 2,345,157. Digital Realty Trust, Inc. has a one year low of $135.54 and a one year high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $54.82 billion, a PE ratio of 102.01, a price-to-earnings-growth ratio of 4.33 and a beta of 0.63. The firm has a fifty day moving average price of $173.91 and a two-hundred day moving average price of $169.29.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Company Profile

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.