Digital Realty (DLR) Remains Bullish

Digital Realty Trust Inc. (NYSE: DLR) continues to have strong demand on account of renewed interest in R&D activities and increasing data storage needs. The firm is also likely to yield results from profitable acquisitions.

Digital Realty has received a new investment-grade rating which will help the firm in raising finances at competitive rates. Analysts at research firm Baird have rated Digital Realty as an ‘Outperformer’. The firm has been given a price target of $51, which has been calculated using a slight premium on a 14.4X multiple of Fwd NS FFO estimates of $3.53. Baird believes that Digital Realty is likely to trade on premium due to solid demand and a strong management team.