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DLR

Digital Realty

$112.85

-1.56 (-1.36%)

09:01
08/11/17
08/11
09:01
08/11/17
09:01

Digital Realty COO Jarrett Appleby departing mid-September

Digital Realty COO Jarrett Appleby will be leaving the company to pursue other opportunities, effective September 15. The company has initiated a search for a new COO and expects to retain an executive search firm to assist with the search. Members of Digital Realty's management team will assume Appleby's duties in the interim until a successor is identified.

DLR Digital Realty
$112.85

-1.56 (-1.36%)

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
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
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
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.

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