Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,215 shares of the real estate investment trust's stock after selling 11,898 shares during the quarter. Truist Financial Corp's holdings in Digital Realty Trust were worth $10,257,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in shares of Digital Realty Trust by 4.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 121,401 shares of the real estate investment trust's stock worth $14,692,000 after purchasing an additional 5,396 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Digital Realty Trust by 70.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 19,811 shares of the real estate investment trust's stock worth $2,398,000 after purchasing an additional 8,202 shares during the last quarter. Xponance Inc. lifted its stake in shares of Digital Realty Trust by 4.9% during the 3rd quarter. Xponance Inc. now owns 38,513 shares of the real estate investment trust's stock worth $4,661,000 after purchasing an additional 1,795 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Digital Realty Trust by 7.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 106,144 shares of the real estate investment trust's stock worth $12,846,000 after purchasing an additional 7,215 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Digital Realty Trust by 11.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,170 shares of the real estate investment trust's stock worth $868,000 after purchasing an additional 757 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DLR has been the subject of a number of analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $144.00 price objective on shares of Digital Realty Trust in a research note on Friday, February 16th. Evercore ISI reiterated an "outperform" rating and issued a $154.00 price target on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Raymond James increased their price target on Digital Realty Trust from $140.00 to $170.00 and gave the company a "strong-buy" rating in a research note on Friday, February 16th. Scotiabank cut Digital Realty Trust from a "sector outperform" rating to a "sector perform" rating and set a $157.00 price target for the company. in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $125.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of "Hold" and a consensus target price of $142.65.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the transaction, the director now owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is currently owned by company insiders.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded up $6.87 during midday trading on Friday, hitting $147.02. 3,309,689 shares of the company were exchanged, compared to its average volume of 1,971,045. The firm has a market capitalization of $45.93 billion, a PE ratio of 49.50, a price-to-earnings-growth ratio of 3.14 and a beta of 0.55. The business has a fifty day simple moving average of $142.09 and a two-hundred day simple moving average of $137.15. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. Digital Realty Trust, Inc. has a fifty-two week low of $86.33 and a fifty-two week high of $154.18.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.22 per share. The ex-dividend date was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.32%. Digital Realty Trust's dividend payout ratio is currently 164.31%.

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.