The
Digital Realty Trust (NYSE:DLR) has been a focus of numerous market activities and observations lately.
Sumitomo Mitsui Trust Holdings and
Blue Trust Inc. have adjusted their stakes in Digital Realty with the former selling its shares and the latter holding a $269,000 stake. Despite exceeding Q2 earnings estimates, valuations suggest that the stock may be overvalued. Nonetheless, hedge funds are reportedly bullish, with Digital Realty's stocks scoring a relative strength rating upgrade. Mitigating the company's valuation concerns are its impressive profit reversal, which brought the stock near its 2-year high, and favorable expert ratings and recommendations. However, the firm's common stock offering indicates some risks.
Envestnet Portfolio Solutions and
Brookstone Capital Management increased their holdings, while
Truist Financial raised DLR's price target. Even as DLR reported mixed Q4 results and entered a joint venture with Mitsubishi for data center development, its strong dividend record suggests a consistent payout. Key metrics on the firm's Q1 and Q2 earnings look promising, all while AI demands for data centers boosting DLR’s prospects.
Digital Realty Trust DLR News Analytics from Fri, 10 Nov 2023 08:00:00 GMT to Sun, 18 Aug 2024 17:21:51 GMT -
Rating 6
- Innovation 4
- Information 5
- Rumor -4
