Wells Fargo Analyst Lowers Price Targets On Two Data Center REITs

Start generating passive income through real estate.

Own a piece of your favorite cities through diversified real estate investments in the country's top markets

*Terms and conditions apply. Visit Nada's website for more details.

Loading...
Loading...

Wells Fargo analyst Eric Luebchow is lowering his price targets for two data center real estate investment trusts (REITs) that he follows.

He is maintaining his “overweight” rating on Equinix Inc. EQIX but reducing his price target on the REIT from $775 to $760, a 19% drop.

Luebchow also maintains his “overweight” rating on Digital Realty Trust Inc. DLR but lowers the price target on this one from $165 to $155, a 6% reduction. 

Equinix is a NASDAQ-traded digitally-oriented data center REIT with international operations. The company pays a 1.9% dividend.

Digital Realty Trust operates globally with 290 locations from corporate headquarters in Austin, Texas. The REIT is paying a dividend of 3.83%.

Looking for ways to boost your returns? Check out Benzinga's coverage on Alternative Real Estate Investments:

Or browse current investment options based on your criteria with Benzinga’s Offering Screener.

Not investment advice. For educational purposes only.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: REITReal EstateAlternative investments
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...