Jefferies Rates Digital Realty Trust At Buy (DLR)

Jefferies & Co. has a Buy rating on shares of Digital Realty Trust, Inc.

. In the research report sent to investors, Jefferies writes, "We are bullish on the data center real estate market, which is poised to experience positive demand/supply fundamentals for the next five years, in our view. We have Buy ratings on CoreSite (

), Digital Realty (

), and DuPont Fabros Technology (

)." Jefferies goes on to say, "Los Angeles remains hot: There is 11 MW of demand and only 3 mega watts (

) under construction. 37% of COR's rents are in this market. DLR also has a presence with 5% of its rents coming from the market." Shares of DLR lost $1.13 yesterday to close at $50.98.