Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Cigna Investments Inc. New

Cigna Investments Inc. New boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,287 shares of the real estate investment trust’s stock after acquiring an additional 95 shares during the quarter. Cigna Investments Inc. New’s holdings in Digital Realty Trust were worth $500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Digital Realty Trust during the fourth quarter worth about $2,141,890,000. Vanguard Group Inc. lifted its position in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Digital Realty Trust in the 4th quarter valued at approximately $107,372,000. Kodai Capital Management LP purchased a new position in Digital Realty Trust in the fourth quarter valued at $59,087,000. Finally, Russell Investments Group Ltd. grew its stake in Digital Realty Trust by 13.6% during the 4th quarter. Russell Investments Group Ltd. now owns 2,118,834 shares of the real estate investment trust’s stock worth $285,513,000 after purchasing an additional 253,755 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DLR shares. Truist Financial raised their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from $144.00 to $170.00 in a research note on Wednesday, June 26th. The Goldman Sachs Group assumed coverage on Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 price objective for the company. Royal Bank of Canada raised their target price on Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Finally, Barclays boosted their target price on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Hold” and an average target price of $154.00.

Digital Realty Trust Stock Performance

DLR stock traded down $1.34 during trading on Thursday, hitting $149.84. The company had a trading volume of 1,504,734 shares, compared to its average volume of 1,887,610. The firm has a 50-day moving average price of $150.88 and a 200-day moving average price of $145.46. The company has a quick ratio of 1.29, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The firm has a market cap of $46.81 billion, a PE ratio of 41.62, a price-to-earnings-growth ratio of 10.97 and a beta of 0.59. Digital Realty Trust, Inc. has a 1-year low of $113.94 and a 1-year high of $162.58.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.43). The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. Digital Realty Trust’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $1.68 EPS. On average, analysts expect that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

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.