Goldman Sachs Initiates Coverage Of DLR With A Buy Rating And $64 PT

Goldman Sachs is initiative coverage of Digital Realty Trust, Inc. (NYSE: DLR) with a Buy rating and has placed the shares on its Americas Conviction List.

“Our 12-month, $64 target is based on a 20% premium to our forward NAV of $53 (7.5% assumed cap rate),” Goldman Sachs writes.

Digital Realty Trust closed Tuesday at $51.45.