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Stocks To Watch: Digital Realty Trust, Inc. (DLR), WEC Energy Group, Inc. (WEC), Waste Management, Inc. (WM)

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Digital Realty Trust, Inc. (DLR) traded within a range of $102.82 to $105.59 after opening the day at $104.74. The company has seen its stock increase in value by 4.97% so far this year. The stock was down close to -1.24% on active volume in last trading session and closed at $103.14 per share. After the recent fall, the stock is currently holding -7.21% below its 52 week high of $113.21 and 39.18% above its 12-month low of $76.93. The shares are up by over 14.88% in the last three months, and the RSI indicator value of 42.96 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. It focuses on strategically located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users, including the information technology departments of Fortune 1000 companies, and financial services companies. The company’s property portfolio consists of Internet gateway properties, corporate datacenter properties, technology manufacturing properties, and regional or national offices of technology companies. As of December 31, 2008, Digital Realty’s portfolio consisted of 75 properties, including 62 located in North America and 13 located in Europe. Digital Realty Trust has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes at least 90% of its REIT taxable income to its stockholders. The company was founded in 2004 and is headquartered in San Francisco, California with additional offices in Boston, Chicago, Dallas, Los Angeles, New York, Northern Virginia, and Phoenix, as well as in Dublin, London, and Paris.

WEC Energy Group, Inc. (WEC) managed to rebound with the stock climbing 0.79% or $0.45 to close the day at $57.48 on active trading volume of 2.26M shares, compared to its three month average trading volume of 1.58M. The Milwaukee Wisconsin 53203 based company has been outperforming the electric utilities group over the past 52 weeks, with the stock gaining 5.01%, compared to the industry which has advanced 9.24% over the same period. With RSI of 49.27, the stock should still continue to rise and get closer to its one year target estimate of $59.5, making it a hold for now.

WEC Energy Group, Inc., through its subsidiaries, generates and distributes electric energy. The company operates through Wisconsin, Illinois, Other States, electric transmission, and We Power, Corporate and Other segments. It generates electricity from coal, natural gas, oil, hydroelectric, wind, and biomass. The company provides electric utility services to customers in the mining, paper, foundry, food products, and machinery production industries, as well as to health services, governmental, and large retail chains. It also provides retail natural gas distribution services in the state of Wisconsin, as well as transports customer-owned natural gas; and generates, distributes, and sells steam. The company serves approximately 1.6 million electric customers and 2.8 million natural gas customers. In addition, it invests in and develops real estate, including business parks and other commercial real estate projects primarily in southeastern Wisconsin. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1981 and is headquartered in Milwaukee, Wisconsin.

Waste Management, Inc. (WM) dropped $-0.17 to close the day at a new closing price of $71.18, a -0.24% decrease in value from its previous closing price that moved the stock 35.23% above its 52 week low of $54.86. A total of 2.25M shares exchanged hands during the day compared with its three month average trading volume of 1.65M. The stock, which fluctuated between $69.55 and $71.23 during the day, currently situated -0.84% below its 52 week high. The stock is up by 2.28% in the past one month and up by 4.29% over the past three months. With a one year target estimate of $73 and RSI of 67.46, the stock still has upside potential, making it a hold for now.

Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offer collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, and a material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations. As of December 31, 2015, the company owned or operated 104 MRFs; and 244 solid waste landfills and 5 secure hazardous waste landfills, as well as 297 transfer stations. It also provides materials processing and commodities recycling services; recycling brokerage services that comprise managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company offers construction and remediation services; services associated with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services, such as full-service waste management solutions and consulting services; and specialized disposal services for oil and gas exploration and production operations. Further, it provides portable self-storage, long distance moving, and fluorescent lamp recycling services; portable restroom services under the name of Port-o-Le; and street and parking lot sweeping services, as well as holds interests in oil and gas producing properties. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.

 

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