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DLR

Digital Realty

$116.61

-1.14 (-0.97%)

, EQIX

Equinix

$427.28

-6.68 (-1.54%)

13:36
06/18/17
06/18
13:36
06/18/17
13:36

Data center REITs offer alternative to FANG trade, Barron's says

Data center REITs such as Digital Realty (DLR) offer "intriguing alternatives" for investors interested in the FANG rally but wary of stepping into the tech giants themselves, Barron's contends in a 'Technology Trader' column. Digital Realty is the only REIT rated investment-grade among peers including Equinix (EQIX), CyrusOne (CONE), CoreSite Realty (COR) and QTS Realty Trust (QTS), the publication notes. Reference Link

DLR

Digital Realty

$116.61

-1.14 (-0.97%)

EQIX

Equinix

$427.28

-6.68 (-1.54%)

CONE

CyrusOne

$57.93

0.34 (0.59%)

COR

CoreSite Realty

$109.10

1.3 (1.21%)

QTS

QTS Realty Trust

$52.10

-0.4 (-0.76%)

  • 20

    Jun

  • 13

    Nov

DLR Digital Realty
$116.61

-1.14 (-0.97%)

06/09/17
RHCO
06/09/17
NO CHANGE
RHCO
Interxion less likely to be bought by Digital Realty after deal, says SunTrust
After Digital Realty (DLR)and DuPont Fabros (DFT) agreed to merge, SunTrust believes that the chances of Digital Realty buying Interxion have dropped. However, the firm continues to view Interxion "as a likely acquisition candidate."
06/12/17
RBCM
06/12/17
NO CHANGE
RBCM
Digital Realty synergy guidance conservative, says RBC Capital
After Digital Realty (DLR) agreed to buy DuPont Fabros (DFT), RBC Capital analyst Joanthan Atkin says that the synergy guidance for the deal is conservative given DuPont Fabros' high general and administrative spending levels. The analyst adds that DuPont's development pipeline could help generate "top-line synergies and drive favorable commercial terms with tenants." The analyst keeps an Outperform rating on Digital Realty and downgraded his rating on DuPont to Sector Perform from Outperform today based on valuation.
06/12/17
RBCM
06/12/17
DOWNGRADE
RBCM
Sector Perform
DuPont Fabros downgraded on valuation at RBC Capital
As noted earlier, RBC Capital downgraded DuPont Fabros to Sector Perform from Outperform. Analyst Jonathan Atkin downgraded the stock based on valuation after the company agreed to be acquired by Digital Realty (DLR).
06/12/17
COWN
06/12/17
UPGRADE
Target $126
COWN
Outperform
Digital Realty upgraded to Outperform from Market Perform at Cowen
Cowen analyst Colby Synesael upgraded Digital Realty (DLR) to Outperform from Market Perform following its announcement of a deal to acquire DuPont Fabros (DFT). He believes the acquisition enhances its revenue and FFO/AFFO per share growth profile, its strategic value to hyper-scale customers, and DuPont's customer concentration risk becomes less concerning. Synesael raised his price target to $126 from $106 on Digital Realty shares.
EQIX Equinix
$427.28

-6.68 (-1.54%)

05/25/17
NOMU
05/25/17
INITIATION
Target $490
NOMU
Buy
Equinix initiated with a Buy at Nomura Instinet
Nomura initiated Jeffrey Kvaal initiated Equinix with a Buy and a $490 price target saying its scale positioned it well for the cloud migration, which the firm's networking coverage suggests is accelerating. The analyst's estimates are above consensus as each new connection raises the value of Equinix's connectivity.
05/02/17
OPCO
05/02/17
NO CHANGE
Target $472
OPCO
Outperform
Equinix price target raised to $472 from $440 at Oppenheimer
Oppenheimer analyst Timothy Horan raised his price target for Equinix (EQIX) to $472 from $440 after the company closed its acquisition of Verizon's (VZ) 29 data centers. The analyst sees upside from continued strong neutral datacenter demand with Verizon adding to Equinix's densely connected footprint, but also expanding its enterprise channel. He reiterates an Outperform rating on Equinix's shares.
04/27/17
RHCO
04/27/17
NO CHANGE
RHCO
Equinix weakness would create buying opportunity, says SunTrust
SunTrust analyst Greg Miller says that Equinix reported " strong normalized constant (currency) 1Q17 results." He expects the company to gain market share and recommends buying the shares on any weakness.
05/11/17
ADAM
05/11/17
NO CHANGE
Target $525
ADAM
Buy
Equinix price target raised to $525 from $465 at Canaccord
Canaccord analyst Paul Morgan raised his price target on Equinix to $525 from $465 following meetings with management. The analyst said he sees near-term upside from the portfolio's top asset, selling into 600 new customer logos, and absorbing capacity from other locations. Morgan sees Equinix as well positioned to deliver double digit secular growth and he reiterated his Buy rating on the shares.
CONE CyrusOne
$57.93

0.34 (0.59%)

06/12/17
LEHM
06/12/17
NO CHANGE
Target $64
LEHM
Overweight
CyrusOne price target raised to $64 from $58 at Barclays
Barclays analyst Amir Rozwadowski raised his price target for CyrusOne shares to $64 citing a continued positive view on tower fundamentals despite the year-to-date stock rallies. CyrusOne remains the analyst's preferred sector pick. He keeps an Overweight rating on the shares.
04/25/17
MUFG
04/25/17
INITIATION
Target $54
MUFG
Neutral
CyrusOne initiated with a Neutral at MUFG
MUFG analyst Stephen Bersey started CyrusOne with a Neutral rating and $54 price target.
04/06/17
MACQ
04/06/17
INITIATION
Target $58
MACQ
Outperform
CyrusOne initiated with an Outperform at Macquarie
Macquarie initiated CyrusOne with an Outperform and a $58 price target.
03/09/17
COWN
03/09/17
NO CHANGE
Target $60
COWN
Outperform
CyrusOne should be bought aggressively at current levels, says Cowen
Cowen analyst Colby Synesael said CyrusOne should be bought aggressively at current levels after attending a company event. The analyst believes the company is likely to experience a significant step up in leasing soon, will do a joint venture with a financial partner this year, and should generate near industry leading funds from operation per share growth next year despite trading at an industry low. Synesael reiterated his Outperform rating and $60 price target on CyrusOne shares.
COR CoreSite Realty
$109.10

1.3 (1.21%)

05/17/17
WELS
05/17/17
INITIATION
Target $94
WELS
Market Perform
CoreSite Realty initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Eric Luebch started CoreSite Realty with a Market Perform rating and $94 price target.
05/17/17
05/17/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. CoreSite Realty (COR) initiated with a Market Perform at Wells Fargo. 2. Acceleron (XLRN) initiated with a Sell at Goldman Sachs. 3. Cardinal Health (CAH) initiated with a Hold at Jefferies. 4. Concho Resources (CXO) assumed with an Overweight at Piper Jaffray. 5. Triangle Capital (TCAP) initiated with a Buy at Wunderlich. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/03/17
SBSH
05/03/17
DOWNGRADE
Target $103
SBSH
Neutral
CoreSite Realty downgraded to Neutral from Buy at Citi
Citi analyst Michael Rollins downgraded CoreSite Realty to Neutral saying the current valuation limits upside potential. The analyst raised his price target for the shares to $103 from $98 following the Q1 results.
05/02/17
KEYB
05/02/17
DOWNGRADE
KEYB
Sector Weight
CoreSite Realty downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Jordan Sadler downgraded CoreSite Realty to Sector Weight citing valuation. The analyst coupled the downgrade with an upgrade of DuPont Fabros (DFT) to Overweight.
QTS QTS Realty Trust
$52.10

-0.4 (-0.76%)

05/03/17
JPMS
05/03/17
DOWNGRADE
Target $56
JPMS
Neutral
QTS Realty Trust downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Richard Choe downgraded QTS Realty Trust to Neutral saying high churn, low signings and back-end loaded book-not-billed revenue will limit near-term growth. The analyst lowered his price target for the shares to $56 from $58 following the "soft" Q1 results.
04/06/17
MACQ
04/06/17
INITIATION
Target $55
MACQ
Outperform
QTS Realty Trust initiated with an Outperform at Macquarie
Macquarie analyst Andrew DeGasperi initiated QTS Realty Trust with an Outperform and a $55 price target.
04/24/17
STFL
04/24/17
NO CHANGE
STFL
QTS Realty Trust named top data center/hosting pick at Stifel
Stifel analyst MAtthew Heinz identifies QTS Realty as his top data center/hosting pick ahead of Q1 results. The analyst says that the sector's supply/demand dynamic remains favorable, while the company should benefit from its"ability to generate high transaction velocity across a wide range of deal sizes." However, he adds that there have been fewer large hyperscale deals in the sector in recent months than in 2016.
04/25/17
MUFG
04/25/17
INITIATION
Target $58
MUFG
Overweight
QTS Realty Trust initiated with an Overweight at MUFG
MUFG analyst Stephen Bersey started QTS Realty Trust with an Overweight rating and $58 price target.

TODAY'S FREE FLY STORIES

RGA

Reinsurance Group

$126.86

-0.36 (-0.28%)

04:55
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Conference/Events
Reinsurance Group management to meet with JPMorgan »

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  • 28

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SRCL

Stericycle

$77.24

-1.01 (-1.29%)

04:55
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Stericycle management to meet with Barrington »

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  • 28

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  • 03

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THO

Thor Industries

$107.33

-1.47 (-1.35%)

04:55
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Thor Industries management to meet with Cancaccord »

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  • 28

    Jun

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    Jul

IDCC

InterDigital

$79.80

-0.65 (-0.81%)

04:55
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04:55
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Conference/Events
InterDigital management to meet with Sidoti »

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  • 28

    Jun

NP

Neenah Paper

$77.80

-1.6 (-2.02%)

04:55
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06/28
04:55
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04:55
Conference/Events
Neenah Paper management to meet with Sidoti »

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  • 28

    Jun

AGCO

AGCO

$66.47

-0.67 (-1.00%)

04:55
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06/28
04:55
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04:55
Conference/Events
AGCO management to meet with William Blair »

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  • 28

    Jun

  • 10

    Aug

04:55
06/28/17
06/28
04:55
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04:55
General news
Pending Home Sales Index to be reported at 10:00 »

May Pending Home Sales…

PRTS

U.S. Auto Parts

$3.23

-0.02 (-0.62%)

04:55
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06/28
04:55
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04:55
Conference/Events
U.S. Auto Parts management to meet with Roth Capital »

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  • 28

    Jun

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
JPMorgan life sciences analyst holds an analyst/industry conference call »

Life Science Tools &…

STE

STERIS

$81.47

-1.64 (-1.97%)

04:55
06/28/17
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04:55
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04:55
Conference/Events
STERIS management to meet with Sidoti »

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  • 28

    Jun

VTR

Ventas

$71.17

-0.76 (-1.06%)

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
Ventas management to meet with Raymond James »

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  • 28

    Jun

  • 29

    Jun

SMTC

Semtech

$34.85

-0.6 (-1.69%)

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
Semtech management to meet with Oppenheimer »

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  • 28

    Jun

  • 29

    Jun

IVZ

Invesco

$34.77

-0.24 (-0.69%)

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
Invesco management to meet with Jefferies »

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  • 28

    Jun

  • 29

    Jun

DHXM

DHX Media

$4.30

0.15 (3.61%)

04:55
06/28/17
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04:55
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Conference/Events
DHX Media management to meet with Jefferies »

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  • 28

    Jun

04:55
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04:55
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General news
International Trade in Goods Balance to be reported at 08:30 »

May International Trade…

PODD

Insulet

$49.00

-1.22 (-2.43%)

04:55
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Conference/Events
Insulet participates in a conference call with Leerink »

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  • 28

    Jun

NFG

National Fuel

$55.85

-0.45 (-0.80%)

04:55
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04:55
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Conference/Events
National Fuel management to meet with Jefferies »

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  • 28

    Jun

OXY

Occidental Petroleum

$59.63

-0.38 (-0.63%)

04:55
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Occidental Petroleum management to meet with Evercore ISI »

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  • 28

    Jun

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NBIX

Neurocrine

$45.56

-1.75 (-3.70%)

04:55
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Conference/Events
Neurocrine management to meet with Oppenheimer »

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  • 28

    Jun

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LPI

Laredo Petroleum

$10.03

0.24 (2.45%)

04:55
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04:55
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Conference/Events
Laredo Petroleum management to meet with Piper Jaffray »

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  • 28

    Jun

MPWR

Monolithic Power

$96.84

-2.67 (-2.68%)

04:55
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04:55
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Monolithic Power management to meet with Oppeneimer »

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  • 28

    Jun

TRS

TriMas

$20.60

-0.1 (-0.48%)

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
TriMas management to meet with Barrington »

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  • 28

    Jun

ORCL

Oracle

$50.75

-0.11 (-0.22%)

04:55
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06/28
04:55
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04:55
Conference/Events
Oracle management to meet with Evercore ISI »

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  • 28

    Jun

UNFI

United Natural Foods

$34.95

-0.08 (-0.23%)

04:55
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04:55
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Conference/Events
United Natural Foods management to meet with Oppenheimer »

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  • 28

    Jun

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    Jul

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