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

Taylor Frigon Capital Management LLC lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 3.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 SEC filing.

Several other large investors have also modified their holdings of the business. Gilman Hill Asset Management LLC boosted its position in shares of Digital Realty Trust by 1.1% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after purchasing an additional 65 shares during the period. Telos Capital Management Inc. boosted its position in shares of Digital Realty Trust by 0.8% during the third quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust’s stock worth $1,387,000 after buying an additional 71 shares during the period. Gradient Investments LLC grew its stake in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of Digital Realty Trust by 0.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 12,014 shares of the real estate investment trust’s stock valued at $1,820,000 after buying an additional 77 shares during the period. Finally, Garrison Asset Management LLC lifted its stake in Digital Realty Trust by 3.6% during the 2nd quarter. Garrison Asset Management LLC now owns 2,277 shares of the real estate investment trust’s stock worth $346,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

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

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. Digital Realty Trust’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 EPS. Equities research analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $1.22 dividend. 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 payout ratio is 135.56%.

Analysts Set New Price Targets

DLR has been the subject of several research reports. The Goldman Sachs Group began coverage on Digital Realty Trust in a research report on Monday, July 1st. They issued a “buy” rating and a $175.00 target price for the company. Mizuho assumed coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price on the stock. Evercore ISI raised their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their target price for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. Finally, Truist Financial lifted their price objective on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $158.33.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.17% of the company’s stock.

About Digital Realty Trust

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.