The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Digital Realty Trust Inc. shares valued at $566,100 were purchased by Stein A William on Sep 15. At $113.22 per share, Stein A William acquired 5,000 shares. The insider’s holdings grew to 10,000 shares worth approximately $1.07 million following the completion of this transaction.
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Also, Corey Dyer sold 6,253 shares, netting a total of over 827,897 in proceeds. Following the sale of shares at $132.40 each, the insider now holds 11,689 shares.
Before that, Corey Dyer had sold 2,504 shares from its account. In a trade valued at $343,724, the EVP, CHIEF REVENUE OFFICER traded Digital Realty Trust Inc. shares for $137.27 each. Upon closing the transaction, the insider’s holdings decreased to 2,504 shares, worth approximately $1.26 million.
As published in a research note from Jefferies on June 30, 2022, Digital Realty Trust Inc. [DLR] has been rated up from a Hold to a Buy and the price target has been revised to $160 from $151. This represents a 32.87% premium over Thursday’s closing price. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid June. As of February 18, 2022, Wells Fargo has reiterated its “an Overweight” rating for DLR. Earlier on February 18, 2022, Stifel resumed its rating. Their recommendation was “a Buy” for DLR stock.
Analyzing DLR’s Price Performance
On Thursday, Digital Realty Trust Inc. [NYSE: DLR] plunged -1.27% to $107.41. The stock’s lowest price that day was $106.15, but it reached a high of $108.26 in the same session. During the last five days, there has been a drop of approximately -4.00%. Over the course of the year, Digital Realty Trust Inc. shares have dropped approximately -39.27%. Shares of the company reached a 52-week high of $177.15 on 01/03/22 and a 52-week low of $106.15 on 09/22/22. A 50-day SMA is recorded $124.67, while a 200-day SMA reached $139.27. Nevertheless, trading volume fell to 2.99 million shares from 2.5 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 106.29, which, if violated, would cause prices to drop to 105.16. In the upper region, resistance lies at 108.40. The next price resistance is at 109.38. RSI (Relative Strength Index) is 26.51 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.83, which suggests the price will decrease in the coming days. Percent R is at 93.95%, indicating bearish price movement. Stochastics %K at buying 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 Jul 14, 2022 jumping by 0.15 million shares to 9.29 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 9.14 million shares. A jump of 1.61% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.81 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.81.
Which companies own the most shares of Digital Realty Trust Inc. (DLR)?
According to The Vanguard Group, Inc. filings, the company currently owns 43,547,757 shares, which is about 15.15% of the total DLR shares outstanding. The investor’s shares have plunged by -506,361 from its previous 13-F filing of 44054118.0 shares. With the completion of the sale transaction, SSgA Funds Management, Inc.’s stake is now worth $2,346,141,222. Cohen & Steers Capital Management acquire a 22.61% interest valued at $2.12 billion while BlackRock Fund Advisors purchased a 3,400 stake. A total of 63,364 shares of Digital Realty Trust Inc. were bought by APG Asset Management US, Inc. during the quarter, and -1,102,244 were sold by Capital Research & Management Co. In its current portfolio, Capital Research & Management Co holds 7,975,275 shares valued at $985.98 million.