Digital Realty Trust (DLR) has seen significant market movements recently. Entities including Atlantic Union Bankshares Corp and Occidental Asset Management have changed their stakes in the company. Notably, the company has been upgraded to 'Overweight' by JP Morgan, and to 'Outperform' at BMO Capital Markets, signifying a positive market outlook, largely because of its role in supporting AI and data centers. Some investors and firms such as AMF Tjanstepension AB and G&S Capital LLC have reduced their stakes in the company. Notwithstanding the divestments, GoalVest Advisory LLC, among others, invested anew in DLR. Meanwhile, the company posted its Q1 2024 earnings call transcript, indicating its financial performance. Further, the company partnered with Mitsubishi Corporation to form a data center development joint venture. The company's growth is underpinned by a solid rise in its RS rating. The company has seen varied insider activity with some investors increasing their holdings while others selling off. It is pertinent to note that DLR's Q1 earnings outperformed estimates. However, certain insiders have sold off a significant amount of stock, which could suggest potential weaknesses in the future.
Digital Realty Trust DLR News Analytics from Thu, 12 Oct 2023 07:00:00 GMT to Sat, 29 Jun 2024 12:18:32 GMT -
Rating 7
- Innovation 5
- Information 7
- Rumor 3
