The analyst firm also raised its EPS estimates for the REIT through 2015. Coanchored analysts now expect Digital Realty Trust to report earnings of $3.82 a share for full year 2014, up from $3.69 a share. The analyst firm raised its 2015 EPS estimates to $4.02 a share from $3.95 a share.
"Following Digital Realty Trust's stronger-than-expected 3Q14 results, we have re-evaluated our model," analysts Greg Miller and Matthew Kahn wrote. "We believe management's discipline around square footage growth and portfolio pruning is becoming increasingly evident in results, which should lay the foundation for 2015 to be another solid year."
TheStreet Ratings team rates DIGITAL REALTY TRUST INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate DIGITAL REALTY TRUST INC (DLR) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
You can view the full analysis from the report here: DLR Ratings Report