Taking a Closer Look At Digital Realty Trust Inc. (DLR) Following Its Recent Trade


Digital Realty Trust Inc.’s recently made public that its CHIEF EXECUTIVE OFFICER Stein A William acquired Company’s shares for reported $0.57 million on Sep 15. In the deal valued at $113.22 per share,5,000 shares were bought. As a result of this transaction, Stein A William now holds 10,000 shares worth roughly $ 0.97 million.

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Then, Corey Dyer sold 6,253 shares, generating $827,897 in total proceeds. Upon selling the shares at $132.40, the EVP, CHIEF REVENUE OFFICER now owns 11,689 shares.

Before that, Corey Dyer sold 2,504 shares. Digital Realty Trust Inc. shares valued at $343,724 were divested by the EVP, CHIEF REVENUE OFFICER at a price of $137.27 per share. As a result of the transaction, Corey Dyer now holds 11,689 shares, worth roughly $1.13 million.

Barclays downgraded its Digital Realty Trust Inc. [DLR] rating to an Underweight from a an Equal weight in a research note published on Friday, September 23, 2022; the price target was decreased to $91 from $126. PT values the company’s stock at a premium of -6.34 to its Friday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late June from “a Hold” to “a Buy”. Deutsche Bank also remained covering DLR and has increased its forecast on June 15, 2022 with a “Buy” recommendation from previously “Hold” rating. Wells Fargo maintained its rating on February 18, 2022. It rated DLR as “an Overweight”.

Price Performance Review of DLR

On Friday, Digital Realty Trust Inc. [NYSE:DLR] saw its stock jump 1.92% to $96.77. On the same session, the stock had its day’s lowest price of $94.8152, but rose to a high of $97.35. Over the last five days, the stock has lost -4.56%. Digital Realty Trust Inc. shares have fallen nearly -45.29% since the year began. Nevertheless, the stocks have fallen -38.03% over the past one year. While a 52-week high of $178.22 was reached on 01/03/22, a 52-week low of $85.76 was recorded on 10/13/22. SMA at 50 days reached $105.03, while 200 days put it at $128.45. A total of 1.8 million shares were traded, compared to the trading of 3.51 million shares in the previous session.

Levels Of Support And Resistance For DLR Stock

The 24-hour chart illustrates a support level at 95.27, which if violated will result in even more drops to 93.78. On the upside, there is a resistance level at 97.81. A further resistance level may holdings at 98.85. The Relative Strength Index (RSI) on the 14-day chart is 45.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.62%. Stochastics %K at 34.53% indicates the stock is a holding.

How much short interest is there in Digital Realty Trust Inc.?

A steep rise in short interest was recorded in Digital Realty Trust Inc. stocks on Jul 14, 2022, growing by 0.15 million shares to a total of 9.29 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 9.14 million shares. There was a rise of 1.61%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.88% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.81.

Digital Realty Trust Inc. [DLR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 43,547,757 shares, or roughly 15.15% of the outstanding DLR shares. In other words, the investor’s shares have fallen by -506,361 from its previous 13-F filing of 44054118.0. Additionally, SSgA Funds Management, Inc. decreased -0.89% of its stake after which the total value it holdings stand at $1,882,150,662, while Cohen & Steers Capital Management added 22.61% of its stake to hold $1.7 billion in the firm. Over the last quarter, BlackRock Fund Advisors purchased 3,400 shares of Digital Realty Trust Inc., while APG Asset Management US, Inc. bought 63,364 shares. At present, Capital Research & Management Co is holding 9,619,790 shares valued at $954.09 million. Capital Research & Management Co owned 7,975,275 shares of the company at the time of its most recent 13F filing, worth $790.99 million.

According to FactSet, Digital Realty Trust Inc.’s share price will average $126.89 in the next year, based on opinions of analysts polled by the firm. This is up nearly 31.65 percent from its previous closing price of $94.95. Analysts expect Digital Realty Trust Inc. stock to reach the higher price of $190.00, while the lowest price estimate is $88.00. However, 24 analysts have rated DLR stock as an Overweight in their predictions for 2022. The most recent change occurred on February 18, 2022 when Stifel resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $170.


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