Investment and capital management firms, such as
Opal Wealth Advisors LLC and
QRG Capital Management Inc., are increasing their stakes in
Digital Realty Trust (DLR). Additionally, Digital Realty's stock, while underperforming in the market, has seen
improvements in relative price strength. The firm has also reported better-than-estimated earnings for Q2 2024 and a rise in FFO. A
boost in the
AI demand for data centers could potentially enhance Digital Realty's prospects, further strengthened by its acquisition of a data center campus and a joint venture with
Mitsubishi Corporation. A major financial move was when the firm initiated a
common stock offering and sold
$1.5 billion worth of stock. Despite certain metrics signalling fair value, leading to a rating downgrade,
Goldman Sachs initiated coverage of DLR's stock with a buy recommendation. DLR's Q2 FFO beat estimates, but revenues missed. The firm plans to offer
liquid-to-chip cooling technology, indicating that
innovations are on the horizon.
Digital Realty Trust DLR News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Sun, 11 Aug 2024 16:30:13 GMT -
Rating 4
- Innovation 3
- Information 6
- Rumor -2
