Deutsche Bank Downgrades Digital Realty Trust (DLR) to Hold; Shares Look Fairly Valued as Risks to Growth Increase

Deutsche Bank downgraded Digital Realty Trust (NYSE: DLR) from Buy to Hold.

Deutsche analyst says, "We are moving to the sidelines on DLR given what we view as a more balanced risk/reward. To be clear, our positive long-term view of the company remains intact. However, at a 6.2% implied cap rate, we think further upside is balanced by the risks to growth and potential supply that had previously pushed the stock into the low $50/sh level."

For an analyst ratings summary and ratings history on Digital Realty Trust click here. For more ratings news on Digital Realty Trust click here.

Shares of Digital Realty Trust closed at $67.32 yesterday.

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