Cigna Investments Inc. New Purchases 95 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Cigna Investments Inc. New grew its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 3.0% in the second quarter, HoldingsChannel reports. The fund owned 3,287 shares of the real estate investment trust’s stock after buying an additional 95 shares during the period. Cigna Investments Inc. New’s holdings in Digital Realty Trust were worth $500,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Rise Advisors LLC grew its position in shares of Digital Realty Trust by 1,125.0% during the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares in the last quarter. GoalVest Advisory LLC acquired a new stake in Digital Realty Trust during the first quarter worth approximately $29,000. Bfsg LLC bought a new position in Digital Realty Trust during the 4th quarter worth $31,000. Tennessee Valley Asset Management Partners acquired a new position in Digital Realty Trust in the 4th quarter valued at $32,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Digital Realty Trust during the 1st quarter valued at $34,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 0.9 %

DLR traded down $1.34 during trading on Thursday, reaching $149.84. 1,504,734 shares of the company’s stock were exchanged, compared to its average volume of 1,887,610. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $162.58. The firm has a fifty day moving average price of $150.88 and a two-hundred day moving average price of $145.46. The stock has a market capitalization 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 (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 the consensus estimate of $1.63 by ($1.43). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s 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 transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. TD Cowen dropped their price target on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, July 26th. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $150.00 to $175.00 in a report on Friday, June 28th. Mizuho initiated coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective on the stock. Barclays upped 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. Finally, The Goldman Sachs Group started coverage on Digital Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $175.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $154.00.

Digital Realty Trust Profile

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.