There has been much speculation around Digital Realty Trust's (DLR) stock performance, considering marked fluctuations in its shares. Despite some experts predicting a fall in stock value, DLR managed to surpass Q2 FFO estimates and outperformed its competitors, although some losses were reported. Various investment firms have adjusted their DLR price targets, with Wells Fargo & Company increasing it to $170.00, while TD Cowen decreased it to $120.00. Despite releasing Q2 earnings that beat expectations but missed revenues, DLR’s stock continues to thrive on the strength of positive Q2 Earnings news and investor confidence. Several investment entities, such as Acadian Asset Management and Advisors Asset Management, have adjusted their shares in DLR, while it reported some strategic alliances like Mitsubishi Corporation for a data center development joint venture. The outlook sees a potential increase in dividends, hinged on robust leasing rates.
Digital Realty Trust DLR News Analytics from Fri, 10 Nov 2023 08:00:00 GMT to Sun, 28 Jul 2024 13:10:08 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 6
