Digital Realty Trust, Inc. (DLR) has been amidst significant market activities according to recent reports. There have been numerous investments and equity purchases by prominent financial institutions. Important to note are investments by BTC Capital Management Inc, Contravisory Investment Management Inc. and Optimum Investment Advisors. Wedmont Private Capital and HighPoint Advisor Group LLC have also bought substantial new positions. Additionally, multiple companies including PNC Financial Services Group Inc., Massmutual Trust Co. FSB ADV, Trust Co. of Vermont and Trust Co. of Toledo NA OH have reportedly adjusted their stake in DLR. Despite mixed trading days, Digital Realty has frequently outperformed competitors. The Trust also reported beating Q2 and Q1 2024 FFO and revenue estimates and demonstrated strong profit reversal. Offering of common stock and announcement of a quarterly cash dividend showed proactive financial management. The Trust announced strategic developments such as the formation of data center development joint ventures with Mitsubishi Corporation and Blackstone. However, DLR also experienced a downgrade due to its dividends and it expects annual revenue to be downbeat as customers cut spending.
Digital Realty Trust DLR News Analytics from Thu, 12 Oct 2023 07:00:00 GMT to Sun, 23 Jun 2024 19:43:08 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor 1
