CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Buys Shares of 9,000 Digital Realty Trust, Inc. (NYSE:DLR)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 9,000 shares of the real estate investment trust’s stock, valued at approximately $1,456,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DLR. Bessemer Group Inc. raised its position in shares of Digital Realty Trust by 102.1% in the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock valued at $2,813,000 after buying an additional 9,865 shares in the last quarter. Cetera Investment Advisers increased its holdings in Digital Realty Trust by 295.5% in the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after buying an additional 23,659 shares during the period. QRG Capital Management Inc. raised its position in Digital Realty Trust by 652.4% during the second quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock valued at $4,454,000 after purchasing an additional 25,399 shares in the last quarter. Choreo LLC boosted its stake in Digital Realty Trust by 86.8% in the second quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock valued at $1,336,000 after buying an additional 4,081 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Digital Realty Trust by 11.2% in the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock worth $222,886,000 after purchasing an additional 147,689 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now 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 filing with the SEC, which is accessible through the SEC website. 0.17% of the stock is owned by insiders.

Digital Realty Trust Trading Up 0.0 %

NYSE:DLR traded up $0.04 during mid-day trading on Tuesday, hitting $165.24. 497,534 shares of the stock traded hands, compared to its average volume of 1,809,883. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $51.63 billion, a price-to-earnings ratio of 45.88, a PEG ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $166.29. The firm’s 50 day moving average is $156.16 and its two-hundred day moving average is $150.01.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business posted $1.68 earnings per share. Digital Realty Trust’s revenue was down .7% on a year-over-year basis. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. TD Cowen dropped their target price on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Stifel Nicolaus upped their price target on Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price objective for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $157.17.

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.