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

Truist Financial Corp trimmed its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent 13F 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 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Digital Realty Trust during the 4th quarter valued at $29,000. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust during the 4th quarter worth $35,000. Versant Capital Management Inc grew its holdings in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 173 shares in the last quarter. First Financial Corp IN acquired a new position in Digital Realty Trust during the 4th quarter worth $42,000. Finally, Crews Bank & Trust acquired a new position in Digital Realty Trust during the 4th quarter worth $42,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded down $6.74 on Friday, hitting $165.26. The company's stock had a trading volume of 2,498,440 shares, compared to its average volume of 2,345,157. The firm has a market cap of $54.82 billion, a P/E ratio of 102.01, a price-to-earnings-growth ratio of 4.33 and a beta of 0.63. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company has a fifty day moving average price of $173.91 and a 200-day moving average price of $169.29. Digital Realty Trust, Inc. has a one year low of $135.54 and a one year high of $198.00.

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 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%. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price target for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. JMP Securities reiterated a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday. Royal Bank of Canada lifted their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Truist Financial lifted their price objective 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. Finally, UBS Group upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $179.95.

About Digital Realty Trust

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.