Barclays Sees Asia Bolstering Returns on Digital Realty Trust (DLR); Raises Estimates & PT
Tweet
Share
E-mailGet Alerts DLR Hot Sheet
Price: $200.15 +1.30%
Rating Summary:
30 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
30 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Barclays maintains an 'Overweight' on Digital Realty Trust (NYSE: DLR) price target raised from $74 to $77.
Analyst, Ross L. Smotrich, said, "DLR continues to execute on its strategy of pursuing relatively high risk-adjusted returns via acquisitions and development. Internationally, the company is investing in several markets in Europe, Asia, and Australia, where high demand and significant barriers to entry have driven data center rents up..."
|
"DLR trades at 22.0x our 2012E CAD, a 3% discount to the wider REIT sector at 22.7x. In our view, the discount is unwarranted, given DLR's better growth profile and ability to invest accretively to its cost of capital." (Barclays raises FY12 estimates from $4.35 to $4.41)
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 $69.93 yesterday.
Analyst, Ross L. Smotrich, said, "DLR continues to execute on its strategy of pursuing relatively high risk-adjusted returns via acquisitions and development. Internationally, the company is investing in several markets in Europe, Asia, and Australia, where high demand and significant barriers to entry have driven data center rents up..."
|
"DLR trades at 22.0x our 2012E CAD, a 3% discount to the wider REIT sector at 22.7x. In our view, the discount is unwarranted, given DLR's better growth profile and ability to invest accretively to its cost of capital." (Barclays raises FY12 estimates from $4.35 to $4.41)
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 $69.93 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Upgrades Digital Realty Trust (DLR) to Buy
- Apollo Hospitals (APLH:IN) PT Raised to INR8,500 at ICICI Securities
- Freedom Broker Upgrades Serve Robotics (SERV) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
