KeyBanc Reiterates Overweight Rating on Digital Realty Trust (DLR)

KeyBanc analyst Jordan Sadler reiterated an Overweight rating and $135.00 price target on Digital Realty Trust (NYSE: DLR) after meeting with management and investors. The story remains largely intact, as mgmt continues to anticipate that 2019 will see steady, consecutive growth in demand and leasing volume.

Management anticipates that the Company’s quarterly leasing volumes will continue to ramp over the course of 2H19. DLR has signed $112M of new leases through 2Q19 and expects the upward trajectory in leasing will continue into 2H19. DLR signed $62M of new leases in 2Q19 and $50M of new leases in 1Q19 vs. $94M of new leases in 2Q18 and $61M of new leases in 1Q18.

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 $129.31 yesterday.

You May Also Be Interested In

• 'We view Hinge Health Inc (HNGE) as one of our top ideas in the sector'; PT raised to $90 at KeyBanc
• CLSA Upgrades Sumitomo Electric Industries Ltd (5802:JP) (SMTOY) to Outperform (2)
• KeyBanc Reiterates Overweight Rating on ServiceTitan (TTAN)