Cim Investment Management Inc. Trims Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Cim Investment Management Inc. cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,556 shares of the real estate investment trust’s stock after selling 69 shares during the period. Digital Realty Trust accounts for 0.5% of Cim Investment Management Inc.’s investment portfolio, making the stock its 28th biggest position. Cim Investment Management Inc.’s holdings in Digital Realty Trust were worth $1,757,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Public Employees Retirement System of Ohio grew its position in shares of Digital Realty Trust by 1.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock valued at $79,074,000 after purchasing an additional 9,158 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Digital Realty Trust by 102.1% in the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after buying an additional 9,865 shares in the last quarter. Cetera Investment Advisers grew its stake in Digital Realty Trust by 295.5% during the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after acquiring an additional 23,659 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $3,167,000. Finally, Sun Life Financial Inc. purchased a new stake in Digital Realty Trust in the 4th quarter worth approximately $20,978,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

In related 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 stock was 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 of the company’s stock, valued at approximately $1,360,604.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

DLR stock opened at $161.14 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $50.34 billion, a price-to-earnings ratio of 44.76, a PEG ratio of 5.14 and a beta of 0.60. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $165.17. The firm’s 50-day moving average price is $152.44 and its two-hundred day moving average price is $147.67.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results 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). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm earned $1.68 EPS. The business’s revenue was down .7% on a year-over-year basis. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 3.03%. Digital Realty Trust’s payout ratio is 135.56%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Wells Fargo & Company lifted their price target on Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. TD Cowen decreased their price objective on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Truist Financial lifted their price objective on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $154.00.

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.