Digital Realty Trust Inc. (DLR) has been notably active in the recent headlines, posting
varying market performance. Despite a 52-week low, its credibility as a Real Estate Investment Trust (REIT) remains high within the industry. Several high-profile investors, including billionaires, consider it a worthwhile stock to buy. Key stake movements include Franklin Resources Inc., Cinctive Capital Management LP, Westpac Banking Corp, and California Public Employees Retirement System reducing their positions, while Alliancebernstein L.P., National Bank of Canada FI, Geode Capital Management LLC and others significantly increased their stakes. Furthermore, the company has scheduled its Q1 2025 earnings release and conference call, indicating a clear future path. A prominent factor in DLR's potential upswing lies in its focus on
AI data centers. The company's formation of a new joint venture, allowing it to enter the Indonesian market, also holds potential for future expansion. Despite Mizuho's pessimistic forecast, other analysts are bullish, seen in UBS's upgrade of DLR to Buy status because of growing data center demand. There are some concerns over the company's valuation, but with the growing demand for AI and digital infrastructure, DLR appears poised for continued growth.
Digital Realty Trust DLR News Analytics from Wed, 18 Sep 2024 07:00:00 GMT to Sat, 05 Apr 2025 12:10:51 GMT -
Rating 4
- Innovation 0
- Information 2
- Rumor -1
