Pacific Heights Asset Management LLC Has $28.48 Million Stake in Digital Realty Trust, Inc. (DLR)

Pacific Heights Asset Management LLC decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 16.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 250,000 shares of the real estate investment trust’s stock after selling 50,000 shares during the quarter. Digital Realty Trust comprises approximately 2.8% of Pacific Heights Asset Management LLC’s portfolio, making the stock its 6th largest position. Pacific Heights Asset Management LLC’s holdings in Digital Realty Trust were worth $28,475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Scotia Capital Inc. boosted its position in shares of Digital Realty Trust by 1.7% in the second quarter. Scotia Capital Inc. now owns 10,399 shares of the real estate investment trust’s stock worth $1,175,000 after buying an additional 170 shares during the period. Pacer Advisors Inc. boosted its position in shares of Digital Realty Trust by 10.4% in the third quarter. Pacer Advisors Inc. now owns 4,298 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 405 shares during the period. Commerce Bank boosted its position in shares of Digital Realty Trust by 4.1% in the third quarter. Commerce Bank now owns 10,617 shares of the real estate investment trust’s stock worth $1,256,000 after buying an additional 415 shares during the period. LS Investment Advisors LLC boosted its position in shares of Digital Realty Trust by 8.3% in the third quarter. LS Investment Advisors LLC now owns 6,558 shares of the real estate investment trust’s stock worth $776,000 after buying an additional 500 shares during the period. Finally, DnB Asset Management AS boosted its position in shares of Digital Realty Trust by 2.6% in the fourth quarter. DnB Asset Management AS now owns 19,721 shares of the real estate investment trust’s stock worth $2,246,000 after buying an additional 500 shares during the period. 98.41% of the stock is owned by institutional investors.

Several research firms recently commented on DLR. ValuEngine upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Monday, October 30th. KeyCorp set a $130.00 price target on Digital Realty Trust and gave the stock a “buy” rating in a research note on Sunday, October 29th. SunTrust Banks reiterated a “buy” rating and issued a $135.00 price target on shares of Digital Realty Trust in a research note on Friday, November 24th. Finally, Deutsche Bank upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $122.94.

Shares of Digital Realty Trust, Inc. (NYSE:DLR) opened at $99.28 on Friday. Digital Realty Trust, Inc. has a one year low of $98.91 and a one year high of $127.23. The stock has a market capitalization of $21,400.96, a P/E ratio of 80.06, a price-to-earnings-growth ratio of 2.12 and a beta of -0.11. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.85.

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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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