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

Taylor Frigon Capital Management LLC cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,799 shares of the real estate investment trust’s stock after selling 506 shares during the quarter. Digital Realty Trust makes up about 1.2% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 29th biggest position. Taylor Frigon Capital Management LLC’s holdings in Digital Realty Trust were worth $2,447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Digital Realty Trust during the fourth quarter worth about $29,000. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust during the fourth quarter worth about $35,000. Versant Capital Management Inc boosted its holdings in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in Digital Realty Trust in the fourth quarter valued at about $37,000. Finally, First Financial Corp IN purchased a new position in Digital Realty Trust in the fourth quarter valued at about $42,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on DLR shares. JMP Securities reiterated a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, Barclays boosted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $159.16 on Thursday. The firm’s 50 day simple moving average is $172.10 and its 200 day simple moving average is $169.78. 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 firm has a market capitalization of $52.80 billion, a PE ratio of 98.25, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.07%. Digital Realty Trust’s payout ratio is 301.23%.

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.