Taylor Frigon Capital Management LLC Sells 261 Shares of Digital Realty Trust, Inc. $DLR

Taylor Frigon Capital Management LLC cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,507 shares of the real estate investment trust’s stock after selling 261 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Digital Realty Trust were worth $2,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GC Wealth Management RIA LLC grew its position in shares of Digital Realty Trust by 27.4% in the 2nd quarter. GC Wealth Management RIA LLC now owns 12,432 shares of the real estate investment trust’s stock worth $2,167,000 after buying an additional 2,674 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in Digital Realty Trust by 21.0% in the second quarter. V Square Quantitative Management LLC now owns 7,049 shares of the real estate investment trust’s stock valued at $1,229,000 after acquiring an additional 1,222 shares in the last quarter. Jackson Grant Investment Advisers Inc. increased its position in Digital Realty Trust by 159.5% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 449 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 276 shares during the period. First County Bank CT bought a new position in Digital Realty Trust in the 2nd quarter worth $323,000. Finally, Walker Asset Management LLC purchased a new stake in shares of Digital Realty Trust in the 2nd quarter worth about $223,000. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DLR shares. Guggenheim started coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a “neutral” rating for the company. Wells Fargo & Company upped their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Raymond James Financial raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Friday, July 25th. Citigroup reaffirmed a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Finally, Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the company a “buy” rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $190.74.

Digital Realty Trust Price Performance

NYSE DLR opened at $171.54 on Monday. The company has a 50-day moving average price of $170.60 and a 200-day moving average price of $165.36. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $58.51 billion, a P/E ratio of 45.02, a PEG ratio of 4.93 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $1.65 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Company Profile

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.