RBC Capital Believes Digital Realty (NYSE: DLR) Still Has Room to Grow

By Austin Angelo

RBC Capital analyst Wes Golladay reiterated a Buy rating on Digital Realty (NYSE: DLR) today and set a price target of $127. The company’s shares opened today at $118.02, close to its 52-week high of $120.04.

According to TipRanks.com, Golladay is a 4-star analyst with an average return of 8.0% and a 67.6% success rate. Golladay covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, General Growth Properties Inc, and Seritage Growth Properties.

Currently, the analyst consensus on Digital Realty is Moderate Buy and the average price target is $119.33, representing a 1.1% upside.

In a report issued on May 25, Canaccord Genuity also reiterated a Buy rating on the stock with a $122 price target.

Digital Realty’s market cap is currently $18.83B and has a P/E ratio of 50.44. The company has a book value ratio of 4.6856.

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Digital Realty Trust, Inc. operates as a real estate investment trust. It owns, acquires, develops and manages technology related real estate. The company conducts its business and owns its assets through Digital Realty Trust L.P. Its solutions include turn-key datacenters, digital consulting services, build to suit datacenters, buy to suit /sale leaseback datacenters, powered base buildings and critical facilities management. Digital Realty Trust was founded on March 9, 2004 and is headquartered in San Francisco, CA.