Digital Realty Trust Inc. (NYSE:DLR) continues to command the interest of brokerages, with a consensus price target of $149.42, though some analysts have set a higher target of $175. Despite some daily gains, its stock performance lags behind competitors. In Q1 2024, DLR had several notable achievements, including a new 12-month high at $155.15, the acquisition of a data center campus in Slough enhancing its European colocation capabilities, and record leasing rates. News of unusually high options trading was reported alongside an average rating of 'Moderate Buy' from brokerages, suggesting a generally positive outlook, albeit tempered by some underperformance. DLR's expansion of AI advancements was praised, while their successful Q1 FFO beat estimates, indicating the firm's operational and financial resilience. Significant investments from multiple groups reflect DLR's strong positioning in the data center REIT market. However, despite Goldman Sachs's positive outlook centering on AI surge and tight market conditions, some voiced concerns over poor guidance. Notably, DLR announced offerings of common stock, signaling potential financial repositioning. Key partnerships were formed with Mitsubishi Corporation and Blackstone for the construction of state-of-the-art data centers. However, the dividends were perceived negatively by some, leading to a downgrade.
Digital Realty Trust DLR News Analytics from Thu, 12 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 06:14:10 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor -4
