Truist Financial Corp decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 37.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 186,640 shares of the real estate investment trust’s stock after selling 110,866 shares during the period. Truist Financial Corp owned approximately 0.06% of Digital Realty Trust worth $18,349,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. RB Capital Management LLC raised its holdings in shares of Digital Realty Trust by 6.8% in the first quarter. RB Capital Management LLC now owns 3,003 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 192 shares during the last quarter. Prudential PLC purchased a new stake in shares of Digital Realty Trust in the first quarter valued at about $688,000. Cetera Investment Advisers raised its holdings in shares of Digital Realty Trust by 31.2% in the first quarter. Cetera Investment Advisers now owns 20,511 shares of the real estate investment trust’s stock valued at $2,909,000 after purchasing an additional 4,879 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in shares of Digital Realty Trust in the first quarter valued at about $424,000. Finally, Candriam Luxembourg S.C.A. grew its position in Digital Realty Trust by 2.7% during the first quarter. Candriam Luxembourg S.C.A. now owns 15,001 shares of the real estate investment trust’s stock valued at $2,127,000 after buying an additional 390 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.
Insider Buying and Selling at Digital Realty Trust
In related news, CAO Peter C. Olson sold 700 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $105.67, for a total transaction of $73,969.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,134 shares in the company, valued at approximately $753,849.78. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Peter C. Olson sold 700 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $105.67, for a total transaction of $73,969.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,134 shares in the company, valued at approximately $753,849.78. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jean F. H. P. Mandeville sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $97.47, for a total value of $146,205.00. Following the transaction, the director now owns 10,176 shares of the company’s stock, valued at $991,854.72. The disclosure for this sale can be found here. Insiders sold a total of 4,970 shares of company stock worth $566,424 in the last three months. 0.39% of the stock is currently owned by company insiders.
Digital Realty Trust Trading Up 0.8 %
Digital Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 30th. Shareholders of record on Thursday, June 15th were paid a dividend of $1.22 per share. The ex-dividend date was Wednesday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 4.04%. Digital Realty Trust’s dividend payout ratio is currently 378.30%.
Wall Street Analysts Forecast Growth
DLR has been the subject of several research reports. StockNews.com upgraded shares of Digital Realty Trust to a “sell” rating in a research report on Monday. Raymond James reduced their price target on shares of Digital Realty Trust from $155.00 to $140.00 in a research report on Friday, July 28th. 22nd Century Group restated a “reiterates” rating on shares of Digital Realty Trust in a research report on Tuesday, May 30th. Royal Bank of Canada increased their price target on shares of Digital Realty Trust from $125.00 to $140.00 and gave the company an “outperformer” rating in a research report on Monday. Finally, Wells Fargo & Company cut their target price on shares of Digital Realty Trust from $115.00 to $105.00 and set an “equal weight” rating for the company in a research report on Friday, April 21st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust has an average rating of “Hold” and a consensus price target of $118.43.
View Our Latest Analysis on DLR
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.
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