There have been recent key developments in the operations and financial performance of Digital Realty Trust, Inc. (DLR). The company has bolstered its relationship with Azure ExpressRoute by expanding global peering via three additional locations. Signing off on the first quarter of 2025, DLR reported earnings that trumped estimates. Acknowledging this strong performance, Stifel Nicolaus reiterated its Buy rating for the company. A record backlog worth $919M was secured, motivating DLR to raise its 2025 outlook as Core FFO jumped 6%. Despite this, the company experienced some notable investment decreases with Adage Capital Partners GP L.L.C and Pinebridge Investments L.P reducing their holdings. However, Natixis and Mariner LLC grew their stakes. Uplifted by global AI investment, DLR's robust growth showed in the Q1 2025 results and reports suggest Demand for Data Centers is bullish. With Q1 earnings beating estimates and an adjusted 2025 outlook, DLR could be underperforming within the Real Estate sector. Noting these dynamics, multiple institutions including Dimensional Fund Advisors LP and Van Lanschot Kempen Investment Management N.V. increased their investments in the company. Securities LLC, and Bridgewater Associates LP too have significantly increased their positions despite challenges such as the recent decrease in DLR's price target by Scotiabank.
Digital Realty Trust DLR News Analytics from Wed, 06 Nov 2024 08:00:00 GMT to Sat, 26 Apr 2025 12:19:44 GMT - Rating 6 - Innovation 5 - Information 8 - Rumor -2
