Published on 14 Jul 2023 on Benzinga via Yahoo Finance
Need More Fiber In Your Portfolio? BMO Initiates Coverage On 3 Data REITs
It's always newsworthy when a brokerage announces coverage on a stock for the first time. It signifies increased attention and, depending on the rating given, often generates more trading volume and positive price action on a stock.
On July 13, BMO Capital Markets analyst Ari Klein initiated coverage on three real estate investment trusts (REITs) that specialize in owning and operating the communications infrastructure that allows for the transmission of data across networks in the U.S. and other countries.