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    3 Top Stocks to Keep Your Portfolio Safe - 7/20

    Dylan Jovine
    Saturday, July 20, 20243 min read
    3 Top Stocks to Keep Your Portfolio Safe - 7/20

    If you’re retiring, already retired, or even thinking about retiring, it’s always a good idea to protect your portfolio. One way to do that is by buying safe dividend stocks.








    Company: Digital Realty (SYM: DLR)

    Look at artificial intelligence data center real estate investment trusts (REITs), like Digital Realty (SYM: DLR), for example. With a yield of 3.16%, DLR has been swept up in the artificial intelligence demand boom, where data center demand is expected to rise at a 15% CAGR through 2030, according to Goldman Sachs.



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    Or, look into other REITs such as:

    Company: Iron Mountain (SYM: IRM)


    Iron Mountain is another REIT, which is aggressively expanding its data center capacity to meet the demand of the generative artificial intelligence (AI) boom.


    Helping, analysts at Stifel just raised their price target on IRM to $103 from $86 a share, with a buy rating. Plus, earnings are still solid. 


    In its first quarter, the REIT reported funds from operations of $1.10, which beat by 18 cents. Revenue of $1.48 billion, up 12% year over year, beat by $30 million. Better, the REIT carries a yield of 2.66% at the moment. It also just paid a quarterly cash dividend of 65 cents, which was paid out on July 5 for the second quarter.



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    Company: Equinix (SYM: EQIX)


    There’s also Equinix (SYM: EQIX), which operates 248 data centers across 70 countries on six continents serving over 10,000 leading businesses. 


    Goldman Sachs just initiated a buy rating on EQIX with a price target of $879. The firm believes the REIT has the potential to continue delivering strong numbers thanks to favorable supply and demand dynamics in the data center market. Analysts at Mizuho also initiated coverage with an outperform rating, with data center fundamentals improving.


    Even Stifel analysts just reiterated a buy rating on the REIT, with a price target of $920.



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    Written by Dylan Jovine

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