CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Acquires 3,000 Shares of Digital Realty Trust, Inc. $DLR

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 21.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,000 shares of the real estate investment trust’s stock after purchasing an additional 3,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Digital Realty Trust were worth $2,964,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust during the first quarter valued at approximately $26,000. WPG Advisers LLC purchased a new position in Digital Realty Trust in the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC bought a new position in Digital Realty Trust in the 1st quarter valued at approximately $31,000. Key Financial Inc lifted its position in Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 138 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in Digital Realty Trust in the 1st quarter valued at approximately $38,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.6%

DLR opened at $172.43 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The firm’s fifty day moving average is $170.71 and its 200 day moving average is $164.48. The stock has a market cap of $58.81 billion, a price-to-earnings ratio of 45.26, a price-to-earnings-growth ratio of 4.95 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company earned $1.65 EPS. Digital Realty Trust’s revenue for the quarter was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.22 per share. The ex-dividend date is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust’s payout ratio is 128.08%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DLR. Guggenheim began coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They issued a “neutral” rating on the stock. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the company a “buy” rating in a research report on Wednesday, July 30th. Citigroup reaffirmed a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Raymond James Financial upped their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Friday, July 25th. Finally, Barclays raised their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.74.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust 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.