Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Digital Realty Trust Inc. shares valued at $3,492,000 were sold by RUBERG DAVID C on May 27. At $139.68 per share, RUBERG DAVID C sold 25,000 shares. The insider’s holdings dropped to 175,000 shares worth approximately $23.15 million following the completion of this transaction.
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Also, RUBERG DAVID C sold 50,000 shares, netting a total of over 6,877,365 in proceeds. Following the sale of shares at $137.55 each, the insider now holds 200,000 shares.
Before that, Stein A William had added 5,000 shares to its account. In a trade valued at $629,750, the CHIEF EXECUTIVE OFFICER bought Digital Realty Trust Inc. shares for $125.95 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $0.66 million.
As published in a research note from Deutsche Bank on June 15, 2022, Digital Realty Trust Inc. [DLR] has been rated up from a Hold to a Buy and the price target has been revised to $144 from $150. This represents a 8.13% premium over Wednesday’s closing price. Analysts at Wells Fargo resumed the stock at ‘”an Overweight”‘ outlook in a report released in mid February. As of February 18, 2022, Stifel has reiterated its “Buy” rating for DLR. Earlier on February 18, 2022, Credit Suisse resumed its rating. Their recommendation was “a Neutral” for DLR stock.
Analyzing DLR’s Price Performance
On Wednesday, Digital Realty Trust Inc. [NYSE: DLR] rose 3.24% to $132.29. The stock’s lowest price that day was $127.14, but it reached a high of $133.90 in the same session. During the last five days, there has been a surge of approximately 6.20%. Over the course of the year, Digital Realty Trust Inc. shares have dropped approximately -25.20%. Shares of the company reached a 52-week high of $177.15 on 01/03/22 and a 52-week low of $124.11 on 06/14/22. A 50-day SMA is recorded $137.46, while a 200-day SMA reached $148.80. Nevertheless, trading volume fell to 1.8 million shares from 1.65 million shares the previous day.
Support And Resistance Levels for Digital Realty Trust Inc. (DLR)
According to the 24-hour chart, there is a support level at 128.32, which, if violated, would cause prices to drop to 124.35. In the upper region, resistance lies at 135.08. The next price resistance is at 137.87. RSI (Relative Strength Index) is 49.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.80, which suggests the price will decrease in the coming days. Percent R is at 42.72%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Digital Realty Trust Inc. subject to short interest?
Stocks of Digital Realty Trust Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 1.05 million shares to 8.77 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 7.72 million shares. A jump of 11.97% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.08 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.08.
Which companies own the most shares of Digital Realty Trust Inc. (DLR)?
According to The Vanguard Group, Inc. filings, the company currently owns 44,054,118 shares, which is about 15.48% of the total DLR shares outstanding. The investor’s shares have appreciated by 694,441 from its previous 13-F filing of 43359677.0 shares. With the completion of the buy, SSgA Funds Management, Inc.’s stake is now worth $2,672,710,048. BlackRock Fund Advisors acquire a 1.08% interest valued at $2.35 billion while Cohen & Steers Capital Management purchased a 1,100,311 stake. A total of 6,161 shares of Digital Realty Trust Inc. were bought by Capital Research & Management Co during the quarter, and -6,707,898 were sold by Capital Research & Management Co. In its current portfolio, APG Asset Management US, Inc. holds 10,004,944 shares valued at $1.4 billion.
On February 18, 2022, Cowen assigned a price target of “a Market perform” to the stock and reiterated coverage with a $149.