Cigna Investments Inc. New Has $717,000 Stake in DIGITAL RLTY TR/SH (DLR)
Cigna Investments Inc. New lowered its stake in DIGITAL RLTY TR/SH (NYSE:DLR) by 1.6% during the first quarter, HoldingsChannel.com reports. The firm owned 6,033 shares of the real estate investment trust’s stock after selling 100 shares during the period. Cigna Investments Inc. New’s holdings in DIGITAL RLTY TR/SH were worth $717,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of DIGITAL RLTY TR/SH by 21.8% in the 4th quarter. FMR LLC now owns 4,000,378 shares of the real estate investment trust’s stock valued at $426,240,000 after purchasing an additional 717,113 shares during the period. Geode Capital Management LLC raised its stake in DIGITAL RLTY TR/SH by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,250,993 shares of the real estate investment trust’s stock worth $345,892,000 after buying an additional 217,995 shares during the period. Dimensional Fund Advisors LP raised its stake in DIGITAL RLTY TR/SH by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,113,241 shares of the real estate investment trust’s stock worth $331,715,000 after buying an additional 11,115 shares during the period. Parnassus Investments CA raised its stake in DIGITAL RLTY TR/SH by 0.9% during the 1st quarter. Parnassus Investments CA now owns 3,101,104 shares of the real estate investment trust’s stock worth $369,031,000 after buying an additional 28,360 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in DIGITAL RLTY TR/SH by 575.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,664,148 shares of the real estate investment trust’s stock worth $283,842,000 after buying an additional 2,269,665 shares during the period. 99.17% of the stock is currently owned by institutional investors.
DLR has been the topic of several research analyst reports. ValuEngine downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. BMO Capital Markets reaffirmed a “hold” rating and set a $115.00 price objective on shares of DIGITAL RLTY TR/SH in a research note on Wednesday, February 6th. Barclays reaffirmed a “buy” rating and set a $143.00 price objective on shares of DIGITAL RLTY TR/SH in a research note on Tuesday, April 16th. Zacks Investment Research raised DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Thursday, April 11th. Finally, TheStreet downgraded DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a research note on Wednesday, February 6th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. DIGITAL RLTY TR/SH currently has a consensus rating of “Buy” and a consensus target price of $126.64.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.08. The firm had revenue of $814.50 million during the quarter, compared to analysts’ expectations of $800.13 million. DIGITAL RLTY TR/SH had a return on equity of 3.27% and a net margin of 10.95%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 EPS. As a group, sell-side analysts forecast that DIGITAL RLTY TR/SH will post 6.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Thursday, June 13th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is presently 65.45%.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 400 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $117.25, for a total transaction of $46,900.00. Following the completion of the transaction, the director now owns 400 shares in the company, valued at approximately $46,900. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Edward F. Sham sold 17,233 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $119.65, for a total value of $2,061,928.45. Following the transaction, the insider now owns 21,571 shares of the company’s stock, valued at approximately $2,580,970.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,633 shares of company stock valued at $3,300,928. Corporate insiders own 0.49% of the company’s stock.
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About DIGITAL RLTY TR/SH
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
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