Taylor Frigon Capital Management LLC Cuts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Taylor Frigon Capital Management LLC lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 3.6% during the third quarter, Holdings Channel.com reports. The firm owned 14,305 shares of the real estate investment trust’s stock after selling 540 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Digital Realty Trust were worth $2,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its stake in shares of Digital Realty Trust by 543.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock valued at $220,068,000 after purchasing an additional 1,773,591 shares during the period. Vanguard Group Inc. boosted its position in shares of Digital Realty Trust by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after buying an additional 951,567 shares in the last quarter. Wulff Hansen & CO. grew its position in shares of Digital Realty Trust by 15,105.0% in the second quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock valued at $121,006,000 after purchasing an additional 790,596 shares during the last quarter. Electron Capital Partners LLC raised its holdings in shares of Digital Realty Trust by 220.7% in the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock worth $158,374,000 after acquiring an additional 716,816 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Digital Realty Trust by 16.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock valued at $718,584,000 after purchasing an additional 678,165 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the sale, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DLR. Truist Financial boosted their price objective on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $144.00 to $170.00 in a report on Wednesday, June 26th. Finally, Mizuho assumed coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust has a consensus rating of “Hold” and an average price target of $158.33.

Digital Realty Trust Stock Performance

DLR traded down $0.96 during trading on Thursday, reaching $164.84. 315,093 shares of the company were exchanged, compared to its average volume of 1,804,926. Digital Realty Trust, Inc. has a 52 week low of $116.18 and a 52 week high of $166.60. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $156.77 and a 200 day moving average of $150.27. The stock has a market cap of $51.50 billion, a P/E ratio of 46.06, a PEG ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted $1.68 EPS. The firm’s revenue was down .7% on a year-over-year basis. On average, sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.96%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Digital Realty Trust Company 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.