CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Raises Position in Digital Realty Trust, Inc. (NYSE:DLR)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 55.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,000 shares of the real estate investment trust’s stock after buying an additional 5,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Digital Realty Trust were worth $2,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Adirondack Trust Co. raised its holdings in shares of Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 81 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust in the 4th quarter worth $35,000. Versant Capital Management Inc lifted its position in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Digital Realty Trust during the 3rd quarter valued at about $38,000. Finally, First Financial Corp IN acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at about $42,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on DLR. Royal Bank of Canada upped their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Jefferies Financial Group raised their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company upped their price target on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Finally, Truist Financial raised their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average target price of $178.89.

Digital Realty Trust Stock Performance

NYSE DLR opened at $180.56 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00. The company has a market cap of $59.89 billion, a PE ratio of 151.73, a price-to-earnings-growth ratio of 4.64 and a beta of 0.64. The stock’s 50 day simple moving average is $183.35 and its 200-day simple moving average is $167.53.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.62 EPS. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.70%. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Digital Realty Trust Company Profile

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.