CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Invests $1.46 Million in Digital Realty Trust, Inc. (NYSE:DLR)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 9,000 shares of the real estate investment trust’s stock, valued at approximately $1,456,000.

Other institutional investors have also bought and sold shares of the company. Gilman Hill Asset Management LLC increased its holdings in shares of Digital Realty Trust by 1.1% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after buying an additional 65 shares during the last quarter. Telos Capital Management Inc. raised its position in Digital Realty Trust by 0.8% in the third quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust’s stock valued at $1,387,000 after purchasing an additional 71 shares during the period. Gradient Investments LLC lifted its stake in Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in shares of Digital Realty Trust by 0.6% during the second quarter. Pathway Financial Advisers LLC now owns 12,014 shares of the real estate investment trust’s stock worth $1,820,000 after buying an additional 77 shares during the period. Finally, Garrison Asset Management LLC grew its stake in shares of Digital Realty Trust by 3.6% in the second quarter. Garrison Asset Management LLC now owns 2,277 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 80 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DLR. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price target for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. TD Cowen cut 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. Finally, Wells Fargo & Company boosted their price objective on Digital Realty Trust from $170.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $157.17.

Digital Realty Trust Price Performance

Shares of DLR stock traded up $0.04 during trading hours on Tuesday, hitting $165.24. The company’s stock had a trading volume of 497,534 shares, compared to its average volume of 1,809,883. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $113.94 and a twelve month high of $166.29. The stock has a market cap of $51.63 billion, a price-to-earnings ratio of 45.88, a P/E/G ratio of 5.08 and a beta of 0.60. The business has a fifty day moving average of $156.16 and a 200-day moving average of $150.01.

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 (EPS) for the quarter, missing the consensus estimate of $1.63 by ($1.43). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 earnings per share. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s payout ratio is 135.56%.

Insider Buying and Selling 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 shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by company insiders.

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.