CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Raises Holdings in Digital Realty Trust, Inc. $DLR

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 100.0% in the 3rd quarter, Holdings Channel reports. The firm owned 34,000 shares of the real estate investment trust’s stock after buying an additional 17,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Digital Realty Trust were worth $5,878,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in DLR. Vanguard Group Inc. lifted its stake in Digital Realty Trust by 1.0% in the second quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust’s stock valued at $9,220,759,000 after buying an additional 513,697 shares during the last quarter. Norges Bank acquired a new stake in Digital Realty Trust during the 2nd quarter worth $3,808,270,000. State Street Corp grew its position in Digital Realty Trust by 1.9% during the 2nd quarter. State Street Corp now owns 20,405,760 shares of the real estate investment trust’s stock worth $3,557,336,000 after purchasing an additional 376,699 shares during the last quarter. Geode Capital Management LLC increased its stake in Digital Realty Trust by 2.3% in the second quarter. Geode Capital Management LLC now owns 8,850,818 shares of the real estate investment trust’s stock valued at $1,536,795,000 after purchasing an additional 196,579 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Digital Realty Trust by 3.0% in the second quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust’s stock valued at $1,282,446,000 after buying an additional 211,692 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity

In other news, Director Mary Hogan Preusse sold 4,166 shares of Digital Realty Trust stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Up 0.5%

Digital Realty Trust stock opened at $156.38 on Wednesday. The stock’s 50 day moving average price is $161.34 and its 200 day moving average price is $168.13. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $187.74. The company has a market cap of $53.72 billion, a PE ratio of 40.41, a price-to-earnings-growth ratio of 4.02 and a beta of 1.11. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The company had revenue of $1.58 billion during the quarter. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Stifel Nicolaus set a $210.00 target price on Digital Realty Trust in a research note on Friday, October 24th. Truist Financial upped their price target on Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Moffett Nathanson lifted their price objective on shares of Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Weiss Ratings upgraded shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $197.55.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.