BMO Capital Markets analyst Ari Klein reiterated a Buy rating on Digital Realty with a $220 price target, citing the data center operator's strategic positioning following a series of recent transactions. Klein's rating reflects confidence in Digital Realty's long-term growth prospects and capital deployment capabilities.

Digital Realty's $1.6 billion portfolio of transactions—including major land acquisitions in Kansas City and an incremental investment in South African data center operator Teraco—materially expands the company's development capacity to serve hyperscaler demand. Klein estimates that near-term Core FFO dilution from these moves will remain contained at approximately 0.5 percent. The analyst views the Columbia Capital acquisition as particularly significant, strengthening Digital Realty's strategic capital platform and reducing reliance on balance sheet financing for large-scale development projects. The enhanced financial flexibility, combined with the growth potential of the Kansas City market and the company's execution track record, positions Digital Realty for continued expansion and shareholder value creation.

According to TipRanks, Klein is a 4-star analyst with an average return of 7.4 percent and a 58.23 percent success rate. His research focuses on the real estate sector, including Digital Realty, SBA Communications, and Host Hotels & Resorts.

Bernstein also maintains a Buy rating on Digital Realty, with a $232 price target issued on June 8.