Truist Financial Corp Has $10.43 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Truist Financial Corp decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,825 shares of the real estate investment trust’s stock after selling 2,559 shares during the period. Truist Financial Corp’s holdings in Digital Realty Trust were worth $10,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc boosted its position in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 173 shares in the last quarter. First Financial Corp IN acquired a new stake in Digital Realty Trust in the fourth quarter valued at approximately $42,000. Finally, Crews Bank & Trust acquired a new stake in Digital Realty Trust in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 1.4 %

DLR opened at $171.94 on Friday. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-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 company has a market cap of $57.03 billion, a P/E ratio of 106.13, a price-to-earnings-growth ratio of 4.23 and a beta of 0.63. The company 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) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Analysts predict that Digital Realty Trust, Inc. will post 7.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DLR. Truist Financial raised their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. StockNews.com upgraded shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a research report on Tuesday. Finally, Raymond James raised their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. 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 company’s stock. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.95.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.

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.