HSBC Downgrades Digital Realty Trust to Hold Amid Concerns About Sustaining AFFO Growth
HSBC downgraded Digital Realty Trust (DLR) to Hold from Buy, citing concerns that the company's strong AFFO per share growth may already be priced into the stock. The stock fell 1.6% following the downgrade. The analyst believes the data center REIT may struggle to maintain its current AFFO growth trajectory.
Tickers: $DLR PRJ
Topics: analyst downgrade data center REIT Digital Realty Trust HSBC stock rating