Taylor Frigon Capital Management LLC Has $2.45 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Taylor Frigon Capital Management LLC lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,799 shares of the real estate investment trust’s stock after selling 506 shares during the period. Digital Realty Trust accounts for 1.2% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 29th largest holding. Taylor Frigon Capital Management LLC’s holdings in Digital Realty Trust were worth $2,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its position in Digital Realty Trust by 2.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after buying an additional 117,461 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after buying an additional 3,607,802 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Digital Realty Trust by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock worth $700,486,000 after purchasing an additional 79,322 shares during the period. Pathway Financial Advisers LLC lifted its holdings in shares of Digital Realty Trust by 15,301.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after purchasing an additional 1,838,278 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Digital Realty Trust by 2.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,123 shares of the real estate investment trust’s stock worth $261,375,000 after purchasing an additional 40,491 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 0.6 %

DLR opened at $159.16 on Thursday. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The company has a market cap of $52.80 billion, a P/E ratio of 98.25, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. The company has a fifty day moving average price of $172.10 and a two-hundred day moving average price of $169.78.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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%. Analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.07%. Digital Realty Trust’s payout ratio is presently 301.23%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DLR. Truist Financial lifted their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. JMP Securities reiterated a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a report on Tuesday, February 18th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Insider Transactions at Digital Realty Trust

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

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.