Cim Investment Management Inc. Sells 69 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Cim Investment Management Inc. trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,556 shares of the real estate investment trust’s stock after selling 69 shares during the quarter. Digital Realty Trust comprises approximately 0.5% of Cim Investment Management Inc.’s 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. Ninepoint Partners LP lifted its holdings in shares of Digital Realty Trust by 2.5% during the 2nd quarter. Ninepoint Partners LP now owns 8,156 shares of the real estate investment trust’s stock valued at $1,240,000 after buying an additional 200 shares during the period. Legal & General Group Plc grew its position in shares of Digital Realty Trust by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock valued at $719,222,000 after acquiring an additional 129,799 shares during the period. Mackenzie Financial Corp increased its stake in shares of Digital Realty Trust by 1.3% in the 2nd quarter. Mackenzie Financial Corp now owns 28,895 shares of the real estate investment trust’s stock worth $4,393,000 after purchasing an additional 367 shares in the last quarter. Makena Capital Management LLC bought a new position in Digital Realty Trust in the 2nd quarter worth $8,549,000. Finally, The Manufacturers Life Insurance Company lifted its position in Digital Realty Trust by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 498,830 shares of the real estate investment trust’s stock valued at $75,847,000 after purchasing an additional 13,616 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DLR. JPMorgan Chase & Co. raised Digital Realty Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $150.00 to $175.00 in a research report on Friday, June 28th. Stifel Nicolaus raised their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, July 12th. TD Cowen decreased their price target on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Wells Fargo & Company increased their price objective on shares of Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada raised their price objective on Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $154.00.

Insider Buying and Selling at Digital Realty Trust

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

Digital Realty Trust Stock Down 0.6 %

NYSE DLR opened at $161.14 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $165.17. The firm 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. The company has a fifty day moving average of $152.44 and a two-hundred day moving average of $147.67.

Digital Realty Trust (NYSE:DLR) last issued 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 firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 earnings per share. On average, analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm 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 dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

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.