Digital Realty Trust Set to Join the S&P 500
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Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 3.7%
EPS Growth %: +31.6%
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NEW YORK, May 13, 2016 /PRNewswire/ -- Digital Realty Trust Inc. (NYSE: DLR) will replace Time Warner Cable Inc. (NYSE: TWC) in the S&P 500 after the close of trading on Tuesday, May 17. Charter Communications Inc. (NASD: CHTR) is acquiring Time Warner Cable in a deal expected to be completed on or about that date pending final conditions.
Digital Realty Trust, a real estate investment trust (REIT), engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. Headquartered in San Francisco, CA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX – MAY 17, 2016 | |||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
ADDED |
Digital Realty Trust |
Financials |
Specialized REITs |
DELETED |
Time Warner Cable |
Consumer Discretionary |
Cable & Satellite |
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Soogyung JordanGlobal Head of Communications New York, USA (+1) 212 438 2297 [email protected]
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/digital-realty-trust-set-to-join-the-sp-500-300268640.html
SOURCE S&P Dow Jones Indices
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