Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLRGet Rating) by 23.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,382 shares of the real estate investment trust’s stock after buying an additional 2,505 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Digital Realty Trust were worth $1,327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DLR. Daiwa Securities Group Inc. grew its holdings in shares of Digital Realty Trust by 37.8% during the third quarter. Daiwa Securities Group Inc. now owns 3,918,798 shares of the real estate investment trust’s stock valued at $388,666,000 after purchasing an additional 1,074,835 shares during the last quarter. Legal & General Group Plc grew its holdings in Digital Realty Trust by 6.0% in the 2nd quarter. Legal & General Group Plc now owns 3,514,371 shares of the real estate investment trust’s stock worth $456,271,000 after buying an additional 197,409 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in Digital Realty Trust by 29.4% in the 1st quarter. Centersquare Investment Management LLC now owns 2,685,997 shares of the real estate investment trust’s stock worth $380,875,000 after buying an additional 610,266 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Digital Realty Trust by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,664,491 shares of the real estate investment trust’s stock worth $377,825,000 after buying an additional 64,904 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Digital Realty Trust by 7.0% in the 1st quarter. Royal Bank of Canada now owns 2,553,683 shares of the real estate investment trust’s stock worth $362,113,000 after buying an additional 166,329 shares in the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DLR. Royal Bank of Canada decreased their price objective on Digital Realty Trust from $151.00 to $122.00 and set an “outperform” rating for the company in a report on Thursday, October 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Digital Realty Trust from $110.00 to $115.00 in a report on Friday, December 16th. Exane BNP Paribas began coverage on Digital Realty Trust in a research report on Wednesday, December 14th. They issued a “neutral” rating and a $128.00 target price for the company. Credit Suisse Group downgraded Digital Realty Trust from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $91.00 to $81.00 in a research report on Tuesday, January 3rd. Finally, Raymond James cut their target price on Digital Realty Trust from $182.00 to $165.00 and set a “strong-buy” rating for the company in a research report on Tuesday, October 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $131.73.

Digital Realty Trust Stock Performance

DLR stock traded down $1.78 during trading on Wednesday, reaching $105.22. 323,533 shares of the stock were exchanged, compared to its average volume of 1,766,178. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.94. The stock has a 50 day simple moving average of $105.56 and a 200-day simple moving average of $110.83. The company has a market capitalization of $30.25 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 2.28 and a beta of 0.48. Digital Realty Trust, Inc. has a twelve month low of $85.76 and a twelve month high of $153.85.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Thursday, December 15th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend was Wednesday, December 14th. Digital Realty Trust’s payout ratio is 100.21%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 1,000 shares of Digital Realty Trust stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $111.01, for a total transaction of $111,010.00. Following the sale, the director now directly owns 11,676 shares of the company’s stock, valued at $1,296,152.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Digital Realty Trust Company Profile

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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.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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