On the date of publication, Ian Cooper did not have (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999. Digital Realty Trust (DLR) Source: tokar / Shutterstock The last time I highlighted an opportunity in Digital Realty Trust (NYSE:DLR), it trad ...

Digital Realty Trust Inc (NYSE:DLR) is up nearly 2% before the opening bell, after JPMorgan Securities upgraded the real estate investment trust (REIT) to "overweight" from "neutral." The analyst in coverage also lifted its price target from $150 to $175 -- a 17.7% premium to last night's close -- noting artificial intelligence (AI) advancement and cloud growth could benefit the REIT stock. Coming into today, Digital Realty Trust stock boasted a 35.7% year-over-year lead and a 10.5% gain. Despite that, nine ...

Shares of Digital Realty (DLR) , currently carrying a Zacks Rank #3 (Hold), have soared 9% in the year-todate period against the industry's decline of 8%. Let us decipher the factors behind the surge in the stock price. Its tenant roster includes several behemoths and investment grade, and numerous customers use multiple locations across the portfolio. This assures stable revenue generation for the company. For 2024, management expects total revenues to grow 2% and adjusted EBITDA to grow 4% at the midpoint ...

Digital Realty's (DLR) portfolio of data centers globally is well-positioned to benefit from the growing reliance on technology and an acceleration in digital transformation strategies by enterprises. A solid tenant base assures stable revenues. It also carries out various development and redevelopment activities, which is encouraging. However, competition in its industry and high interest rate environment remain concerns. High growth in cloud computing, the Internet of Things and Big Data and the elevated ...

Artificial intelligence (AI) is Wall Street's new obsession, with companies discussing the technology in a snowballing fashion and helping to keep market sentiment positive. Interestingly enough, there are several stocks investors can tap into for exposure, including Vertiv (VRT) , Digital Realty Trust (DLR) , and Iron Mountain (IRM) . For those interested in exposure to the technology, let's take a closer look at each. Vertiv Vertiv provides services for data centers, communication networks, and commercial ...

Erik Isakson/DigitalVision via Getty Images Summary In our initial report on Digital Realty (NYSE:DLR), we rated the shares a Hold on valuation. We believed they were "too expensive to consider a Buy", though we acknowledged that the near-term fundamentals of the DC market were too strong to allow significant underperformance. We have updated our valuation for the recent earnings release, which saw record leasing activity and favorable pricing trends. Despite the strong quarter, and continued strength of th ...

Digital Realty Trust, Inc. (NYSE:DLR) Nareit REIT Week: 2024 Investor Conference June 4, 2024 8:45 AM ET Company Participants Andrew Power - President and CEO Matthew Mercier - CFO Conference Call Participants Matthew Niknam - Deutsche Bank Matthew Niknam Okay, everybody can go ahead and please take their seats, we're going to go ahead and get started with what I believe is the first session of the day. I'm Matt Niknam, Common Infrastructure Analyst here at Deutsche Bank, for those who don't know me. We're ...

Digital Realty Trust, Inc. (NYSE:DLR) Nareit REIT Week: 2024 Investor Conference June 4, 2024 8:45 AM ET Company Participants Andrew Power - President and CEO Matthew Mercier - CFO Conference Call Participants Matthew Niknam - Deutsche Bank Matthew Niknam Okay, everybody can go ahead and please take their seats, we're going to go ahead and get started with what I believe is the first session of the day. I'm Matt Niknam, Common Infrastructure Analyst here at Deutsche Bank, for those who don't know me. We're ...

Industry Insights - The demand for electricity is projected to double by 2030 due to the explosive growth of artificial intelligence, with AI tasks requiring approximately ten times the electricity of traditional internet searches [1] - The World Economic Forum indicates that achieving a tenfold improvement in AI model efficiency could lead to a surge in computational power demand by up to 10,000 times, with AI's energy consumption growing at an annual rate of 26% to 36% [1] - By 2028, AI could consume more power than Iceland did in 2021, highlighting the significant energy requirements associated with AI advancements [1] Company Highlights - Digital Realty Trust (DLR) is positioned to benefit from the AI boom, with a yield of 3.36% and a projected 15% CAGR in data center demand through 2030 according to Goldman Sachs [3] - AES, a Virginia-based utility, forecasts that data centers could account for up to 7.5% of total U.S. electricity consumption by 2030 [4] - First Solar (FSLR) has seen its shares rise from approximately $180 to a high of $286.60, with analysts from UBS and Piper Sandler reiterating buy ratings and raising price targets due to its direct benefits from AI's energy demands [5][6] - Enbridge (ENB) is expected to see increased demand for power generation from AI and data centers, with a current yield of 7.33% and a target price of $40 per share [6][7]

Core Viewpoint - There are several underappreciated stocks in the market, including Viking Therapeutics (VKTX), NewLake Capital Partners (NLCP), Digital Realty Trust (DLR), and SoundHound AI (SOUN), which present potential investment opportunities as their true value is not yet recognized by the market [1][2][3]. Group 1: Viking Therapeutics (VKTX) - VKTX was highlighted at a price of $22 per share in June 2023, nearing Phase 2 trials, with Phase 1 showing promising results for weight loss [1]. - The stock has risen to $63.81, with a high of nearly $100, yet it remains underappreciated despite favorable Phase 2 results [2]. - Long-term projections suggest VKTX could exceed $100 per share [3]. Group 2: NewLake Capital Partners (NLCP) - NLCP is a real estate investment trust (REIT) focused on the cannabis industry, currently yielding 8.55% [4]. - The REIT owns 31 properties, including 14 cultivation facilities and 17 dispensaries, with Q1 funds from operations (FFO) at $0.50, beating estimates, and revenue of $12.6 million, up 10.5% year-over-year [5]. - The cannabis industry is expected to grow, especially with potential regulatory changes, making NLCP a buy opportunity [6]. Group 3: Digital Realty Trust (DLR) - DLR is another underappreciated REIT with a yield of 3.45%, essential for the digital infrastructure, particularly with the rise of artificial intelligence [7]. - Data center demand is projected to grow at a 15% CAGR until 2030, indicating strong future prospects [8]. - Current stock price is $141.40, with an initial target of $150 [9]. Group 4: SoundHound AI (SOUN) - SOUN is trading at $4.70 and provides voice control and audio analytics software, backed by significant investments from Nvidia and SoftBank [10]. - Analysts at Wedbush have highlighted SOUN's strong position in the AI sector, giving it an outperform rating with a price target of $9 [11]. - The stock aims to retest a previous high of $10.25 [12].