Canaccord Genuity Starts Digital Realty Trust (DLR) at Hold; Fairly Valued as 20%+ Annual Growth Challenging
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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
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Canaccord Genuity initiates coverage on Digital Realty Trust (NYSE: DLR) with a Hold. PT $70.00.
Analyst, Greg Miller, said, "With a secular tailwind of strong industry-wide data center demand, we believe DLR is uniquely positioned to benefit by leveraging its modular implementation process that can rapidly adapt to changing technologies. Future growth will likely continue be driven by acquisitions and subsequent conversion of re-development properties. However, with a portfolio of assets exceeding 17 million square feet, we believe continued 20%+ annual growth will be increasingly challenging. We believe the share price has fairly reflected the strong demand in the wholesale data center market and the fundamentals in the company's operations."
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 $73.34 yesterday.
Analyst, Greg Miller, said, "With a secular tailwind of strong industry-wide data center demand, we believe DLR is uniquely positioned to benefit by leveraging its modular implementation process that can rapidly adapt to changing technologies. Future growth will likely continue be driven by acquisitions and subsequent conversion of re-development properties. However, with a portfolio of assets exceeding 17 million square feet, we believe continued 20%+ annual growth will be increasingly challenging. We believe the share price has fairly reflected the strong demand in the wholesale data center market and the fundamentals in the company's operations."
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 $73.34 yesterday.
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