Digital Realty Trust (DLR) has had a mixed performance according to various reports. The company is introducing liquid-to-chip cooling technology and bringing its Points of Presence (PoPs) to APAC data centers. DLR also hosted an AI supercomputer in Denmark and established a $7 billion hyperscale data center development in a joint venture with Blackstone. Nevertheless, their stock showed weak performance compared to competitors on multiple occasions, and insiders sold USD$11m worth of stock.
There were several share purchase and sale activities by various entities including Private Advisor Group LLC, Ieq Capital LLC, Principal Securities Inc., Teacher Retirement System of Texas, Victory Capital Management Inc., and Principal Financial Group Inc. Additionally, their stock near a 2-year high after a profit reversal, but some believe it's not worth investing for the dividends.
Furthermore, a partnership with Mitsubishi Corporation has meliorated DLR's position. However, concerns persist about poor guidance and stagnating fundamentals despite soaring prices. On the bright side, DLR up 26.8% in 6 months and saw its RS rating jump to 83. Lastly, the company cheered investors with a 5% dividend hike but also had a Q4 earnings miss and underwhelming 2024 guidance.
Digital Realty Trust DLR News Analytics from Mon, 07 Aug 2023 07:00:00 GMT to Thu, 16 May 2024 19:54:02 GMT - Rating 6 - Innovation 4 - Information 8 - Rumor 3
