The five data center stocks to purchase for dividends are poised to “outperform” the market, according to ISI Evercore, an investment firm that has begun to cover the industry. ISI Evercore’s coverage will feature U.S.-headquartered colocation services providers, with the industry amassing a total available market of roughly $37 billion, fueled by a compound annual growth rate (CAGR) of 7%.
Equinix (NASDAQ: EQIX), of Redwood City, California, is a Silicon Valley, multi-tenant data center provider that allows competing networks to connect and share data traffic securely. San Francisco’s Digital Realty Trust, Inc. (NYSE: DLR) supports data center, colocation and interconnection strategies of customers worldwide, ranging from cloud and information technology services, communications and social networking. Dallas-based CyrusOne, Inc. (NASDAQ: CONE) has a vast portfolio that includes more than 40 enterprise-class facilities across three continents, and more than 4 million square feet of total net rentable square footage. ISI Evercore added Denver’s CoreSite Realty Corporation (COR) as a fourth data center stock that it included in its new coverage but rated it as an “in line” prospect, not one of the sector’s three stocks that it predicts will “outperform” the market. “Data centers and cell towers have been a focus of my preferred REIT mutual fund, Cohen & Steers Realty Shares (CSRSX), for a number of years,” said Bob Carlson. Jim Woods, who leads the Intelligence Report and Successful Investing newsletters, as well as the Bullseye Stock Trader advisory service, recommends American Tower (AMT).
Source: Dividend Investor
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