Orlando, FL -- (SBWIRE) -- 09/04/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Digital Realty Trust, Inc. (NYSE:DLR), Lexington Realty Trust (NYSE:LXP).
Digital Realty Trust, Inc. (NYSE:DLR) shares dropped 2.70% to $54.10. The company on Sept. 3 announced the completion of the acquisition of a 15,000 square metre site in Osaka at a purchase price of $10.5 million. This acquisition represents Digital Realty's entrance into the Japan market.
Located less than 20 kilometres from Osaka's central business district, the new data centre is scheduled to open in the fourth quarter of 2014, and will feature a robust power architecture that can deliver 4.0 megawatts of IT capacity.
Additionally, the company on August 22 announced the launch of Digital Open Internet Exchange, a global, first of its kind in North America, open-interconnect and peering environment that aims to accommodate the Internet community's demand for more independent and cost-effective exchange options. The initiative is expected to strengthen the company's global ecosystem.
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Lexington Realty Trust (NYSE:LXP) shares decreased 2.56% to $11.42. Analysts at Ladenburg Thalmann cut their price target on shares of Lexington Realty Trust from $15.00 to $13.50 in a research report issued to clients and investors on August 26. The firm currently has a “buy” rating on the stock. Ladenburg Thalmann’s price target indicates a potential upside of 12.13% from the company’s current price.
Additionally, the company on August 7 said its second-quarter funds from operations increased to $43.35 million from last year's $41.10 million. But funds from operations per share declined to $0.19 from $0.23 last year. Adjusted Funds From Operations was $56.4 million, or $0.25 per share. Net loss for the quarter was $0.8 million, or break even per share, compared to net loss of $3.4 million, or a loss of $0.02 per share last year. Total gross revenues for the quarter grew to $99.4 million, from $80.8 million in the year ago quarter. Analysts expected the company to report earnings of $0.24 per share and revenues of $100.33 million for the quarter.
The company also declared a regular quarterly common share/unit dividend/distribution for the quarter ended June 30, 2013 of $0.15 per common share/unit, which was paid on July 15, 2013 to common shareholders/unitholders of record as of June 28, 2013.
Is LXP going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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