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In a report published Tuesday, Morgan Stanley analyst Vance H. Edelson reiterated an Overweight rating on
Digital Realty TrustDLR, but removed the $73.00 price target.
In the report, Morgan Stanley noted, “Core FFO of $1.26 per share easily beat our $1.15 and the Street's $1.14, partially driven by lower financing costs and bonus accruals. Most importantly, another quarter of record leasing activity and pricing growth caps a strong year for the group fundamentally, with customer outsourcing seemingly picking up steam. Full-year Guidance was left entirely unchanged and at $4.75-4.90, suggests potential upside to consensus and may ultimately prove conservative in our view. We remain Overweight.”
Digital Realty Trust closed on Monday at $54.14.
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