5 Best Data Center REITs to Buy According to Analysts

​3. Digital Realty Trust, Inc. (NYSE:DLR)

Analyst Upside: 12.64%

Number of Hedge Fund Holders: 43

​Digital Realty Trust, Inc. (NYSE:DLR) is one of the Best Data Center REITs to Buy According to Analysts. The company owns, acquires, develops, and operates data centers globally through its operating partnership.

​Recently, on April 27, Scotiabank raised the firm’s price target on Digital Realty Trust, Inc. (NYSE:DLR) from $195 to $222, while maintaining a Sector Perform rating on the shares. The firm raised the price target after the company exceeded expectations during its fiscal Q1 2026 earnings. The revenue for the quarter came in at $1.64 billion, reflecting 16.16% year-over-year growth and ahead of the consensus by $33.93 million. Moreover, the GAAP EPS of $0.46 also topped expectations by $0.01.

​Scotiabank cited Digital Realty Trust, Inc. (NYSE:DLR), which experienced strong demand for digital infrastructure. Moreover, the order intake also improved, taking the company’s total backlog to $1.8 billion and providing visibility into 2027 and 2028. Management noted that the total pipeline under construction is around $16.5 billion gross, reflecting 60% improvement from year-end.