120.72 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||120.66 x 800|
|Ask||120.63 x 900|
|Day's Range||120.27 - 123.57|
|52 Week Range||100.05 - 125.19|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||110.65|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||4.32 (3.52%)|
|1y Target Est||126.15|
Bill Stein became the CEO of Digital Realty Trust, Inc. (NYSE:DLR) in 2014. This analysis aims first to contrast CEO...
Though data-center demand surge will fuel Digital Realty's (DLR) growth, with the company also being well poised to bank on accretive buyouts and development moves, pricing pressure will linger.
Shares of CyrusOne Inc. , a date center real estate investment trust, rose more than 8% Friday, after a Bloomberg report that the company is exploring a sale after drawing takeover interest. The news sent rivals higher with QTS Realty Trust Inc. up 3.3%, Digital Realty Trust up 2.7%, CoreSite Realty Corp. up 2.9% and Equinix Inc. up 1%. Wells Fargo analysts said the report is likely true and there is a reasonable probability the company will be taken private by a group of private infrastructure investors. Among the reasons that a take-private deal would make sense for CyrusOne is that investors have been paying premiums for hyperscale assets compared with where they would trade in public markets, the analysts wrote in a note to clients. They tend to take a longer-term investment horizon and are less focused on quarter-to-quarter volatility and could lever up the company to enable it more aggressively expand in Europe and other international markets, said the note. "On the other hand, CONE itself has noted that large hyperscale customers prefer to work with other public companies and that their access to public capital should open up dramatically once they get a second investment-grade rating," they said. CyrusOne is trading at abut 19 times Wells Fargo's next twelve month EBITDA estimate, which compares with Digital Realty's acquisition of REIT DuPont Fabros Technology , which came at a roughly 20 times multiple. "CyrusOne in many ways deserves a premium over DuPont Fabros given it has a strategic international platform, less customer concentration than DFT (which had a large pending rent roll-down with Facebook) and a more diversified business model," said the note. "On the other hand, this would be an acquisition of significant size for a private infrastructure consortium, which could merit a slight discount (for instance, ZAYO sold at a notable discount to many smaller-scale fiber assets)." CyrusOne shares have gained 32% in 2019, while the S&P 500 has gained 15%.
Iron Mountain's (IRM) expansion of Phoenix data-center campus is a strategic fit as it is one of the largest data-center markets in the nation, enjoying lower costs and minimal natural disasters risk.
SAN FRANCISCO , Aug. 13, 2019 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today its board of directors has ...
Digital Realty's (DLR) expansion of IBM Cloud's Direct Link access and capabilities in Sydney likely to speed up the hybrid cloud adoption for local enterprises.
Connection to IBM Cloud Expected to Accelerate Hybrid Cloud Adoption for Digital Realty's Australian Customer Base SYDNEY , Aug. 12, 2019 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider ...
By John Jannarone Colony Capital Founder & CEO Thomas Barrack to Step Aside Following Activist Blackwells Capital's Influence Strategy Shift from Digital Bridge Acquisition Indicates Colony is Worth at Least $12.74 per Share in Sum of the Parts Analysis Blackwells Capital Likely to Nominate an Additional Four Directors to Board Colony Capital Inc. has taken […]
SAN FRANCISCO , Aug. 6, 2019 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today the appointment of Jeffrey ...
Digital Realty Trust's (DLR) Q2 performance reflects solid demand for data-center facilities, encouraging the company to reaffirm its core FFO projections for the current year.
Digital Realty Trust (DLR) delivered FFO and revenue surprises of 0.61% and -0.98%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
SAN FRANCISCO , July 30, 2019 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today financial results for the second ...
SAN FRANCISCO , July 30, 2019 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today it has entered into a definitive ...
Expands presence in Northeast Asia with carrier-neutral facility in Seoul SAN FRANCISCO , July 31, 2019 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, colocation ...
(Bloomberg Opinion) -- Hong Kong’s ambitions to be an international data-center hub are a potential casualty of the city’s mass protests. Privacy breaches stemming from a summer of clashes between demonstrators and police threaten to erode confidence in the city as a base for foreign companies to set up storage facilities. To alleviate concerns, the government needs to improve security and regulation in the handling of sensitive data.Last month, dozens of protesters were arrested after being treated in the emergency ward of a public hospital following battles with riot police. The city’s Hospital Authority subsequently denied leaking patient data – despite the discovery of an internal document labeled “for police” that listed names of protesters seeking medical treatment, according to the South China Morning Post. At around the same time, the personal information of more than 800 police officers was hacked and released online.Data centers are a fast-growing market, valued at $31 billion globally in 2017 and forecast by Zion Market Research to grow 14% annually to reach $105 billion by 2026. In Hong Kong, total revenue for data centers is expected to reach $1 billion this year, with three firms sharing 55% of the market: Japan’s NTT Communications Corp.; Sunevision Holdings Ltd., a unit of local developer Sun Hung Kai Properties Ltd.; and Silicon Valley-based Equinix Inc.The Hong Kong government has targeted the industry for growth, and the city has many advantages that make it an attractive location. The former British colony has a common-law legal system that’s recognized and trusted across the Western world, and its data-privacy laws are among the strictest in Asia. In addition, Hong Kong sits at the mouth of the Greater Bay Area, a grouping of 11 cities with a population of 69 million and annual GDP of $1.5 trillion that China plans to develop into an economic bloc. For multinationals, storing data in Hong Kong bypasses red tape and potential legal minefields in mainland China.Besides its legal system and geographic position, Hong Kong is well equipped with a highly reliable power supply – averaging only 1.5 minutes of unplanned power outages per year, according to one of the city’s two main electricity providers. This compares with 17 to 28 minutes in other major cities such as New York, Sydney and London. Consistent power enables strong broadband capacity and an established fiber-optic network. Another boast is Hong Kong’s low latency transfer in cloud computing – the speed at which information travels from place to place.The government has supported construction of data centers, by offering large financial incentives for companies to set up shop and specifying three locations to build such facilities. Unlike technology hubs such as Silicon Valley, these locations were intentionally set aside to accommodate the sector – no small feat, considering the diminishing supply of available land. Last year, Sunevision bought the last designated plot with a winning bid of $697 million – 45% higher than the estimate of Colliers International Group Inc., the South China Morning Post reported.The sale highlighted the perceived growth prospects for Hong Kong's data-center business. Companies such as Nvidia Corp. and Digital Realty Trust Inc. are also eyeing Hong Kong for expansion opportunities (though the city’s land shortages and red-hot property market may make that easier said than done).These advantages may count for little unless the government sustains confidence in the ability and willingness of authorities to protect data privacy. The leaking by hospitals of protesters’ identities – an apparently blatant privacy breach – caused widespread unease. In the case of the police hack, eight people were eventually charged with dishonest intent and criminal destruction. Still, the ease with which the intrusion took place shocked politicians and the public. Fears of further breaches could scare businesses away.Hong Kong needs to strengthen its data-security laws or risk international companies abandoning the city for more privacy-oriented locations, according to Padraig Walsh, a partner at legal firm Tanner De Witt who focuses on fintech and data privacy. Having been in the vanguard when it passed the Personal Data (Privacy) Ordinance in 1996, Hong Kong has been overtaken by jurisdictions such as the European Union, which adopted its General Data Protection Regulation in 2017, Walsh said.To remain competitive, the government should consider amending the Hong Kong ordinance to require data users to report breaches and to give the Privacy Commissioner stronger enforcement powers. Singapore will update its privacy laws next year, according to Walsh. If Hong Kong doesn’t adapt, companies will go elsewhere.(Ronald W. Chan and his firm, Chartwell Capital, do not hold positions in the companies he writes about for Bloomberg Opinion.)To contact the author of this story: Ronald W. Chan at email@example.comTo contact the editor responsible for this story: Matthew Brooker at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Ronald W. Chan is the founder and CIO of Chartwell Capital in Hong Kong. He is the author of “The Value Investors” and “Behind the Berkshire Hathaway Curtain.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Digital Realty Trust, Inc. New York, July 24, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Digital Realty Trust, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
While Digital Realty (DLR) will likely gain in Q2 from solid fundamentals of the industry and previous strategic acquisitions, aggressive pricing pressure remains a concern.
Digital Realty Trust, Inc. is a US$26b large-cap, real estate investment trust (REIT) based in San Francisco, United...
SÃO PAULO, July 18, 2019 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, and Ascenty, the leading provider of data center ...
Paris offers bright prospects for Digital Realty (DLR), backed by its position as a key technology and interconnection center, and rapid growth of enterprise colocation and hyperscale customer demand.
Construction to Commence Immediately on Twelve-Megawatt Facility in Top-Tier Global Metro SAN FRANCISCO , July 10, 2019 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, ...