Cigna Investments Inc. New Has $602,000 Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Cigna Investments Inc. New raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,394 shares of the real estate investment trust’s stock after purchasing an additional 77 shares during the quarter. Cigna Investments Inc. New’s holdings in Digital Realty Trust were worth $602,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Digital Realty Trust by 501.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after buying an additional 3,607,802 shares in the last quarter. Pathway Financial Advisers LLC increased its position in shares of Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after purchasing an additional 1,838,278 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Digital Realty Trust in the third quarter worth $132,980,000. Sycomore Asset Management bought a new position in shares of Digital Realty Trust in the third quarter worth $80,915,000. Finally, abrdn plc increased its position in shares of Digital Realty Trust by 17.3% in the third quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock worth $315,999,000 after purchasing an additional 288,772 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on DLR shares. Truist Financial raised their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Stifel Nicolaus lifted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $179.70.

Digital Realty Trust Trading Down 1.1 %

NYSE DLR opened at $166.14 on Tuesday. The company has a market cap of $55.11 billion, a price-to-earnings ratio of 139.61, a P/E/G ratio of 4.27 and a beta of 0.63. Digital Realty Trust, Inc. has a 52 week low of $131.42 and a 52 week high of $198.00. The business has a 50 day moving average price of $178.14 and a 200-day moving average price of $168.45. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.