I guarantee it....... just give this a couple weeks, we will see $60 no problem. If you are not greedy, thats an 8% gain, rinse and repeat with other down and out equities. You can't go wrong with that approach. Don't waste your time trying to guess which stocks will miss, beat, whether its drugs will get approved, rejected, whether or not dividend will be increased, reduced, etc.
DLR is not going bankrupt any time soon, and it will never be a great company. But it is trading below a reasonable valuation currently due to fears of rising interest rates, which I my opinion, we will not see the 10 year T bill above 3 % for at least a year, and irrational fears of accounting tricks to boost eps.
Also, since May the 10 year treasury is up 100 basis points roughly, while the dividend yield of DLR is up around 170 basis points. Obviously the market is pricing in an even greater rise in interest rates in the future, however, the spread between the 10 year treasury and DLR's dividend yield should be closer to 250 basis points rather than the 300 basis point spread that we are seeing now.
Interest rates have already crushed them. Short term, we will see a pull back in the 10 year treasury which will propel DLR up to $60, I never said to hold this long term, I just think all REITS are oversold at this point. If you noticed, despite the 10 year treasury going up, gold and silver have finally stopped falling. Rising rates are no longer affecting gold, not that REITS are the same animal, but people will soon realize that they are oversold.