Digital Realty Trust registers resale of shares issued in Columbia Capital acquisition

Digital Realty Trust (DLR) has announced that it plans to register the resale of shares issued during its acquisition of Columbia Capital. The data center REIT, valued at $72.5 billion, is a significant player in the Specialized REITs industry. The registration is being conducted through a prospectus supplement filed with the Securities and Exchange Commission, and the company's legal opinion from Venable LLP addresses specific Maryland law issues related to the shares.

The company's current stock price of $192.35 is considered overvalued by InvestingPro analysis, but investors can access detailed valuation metrics and a comprehensive Pro Research Report for DLR. HSBC upgraded DLR's stock rating to Buy from Hold, citing a strong growth outlook and improved bottom-line projections, while Cantor Fitzgerald raised its price target to $221, maintaining an Overweight rating.

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