Digital Realty jumps on 2025 forecast boost

** Digital Realty's DLR.N shares up 5.3% premarket to $161.90, a two-month high, after data center landlord raised annual funds from operations forecast

** Texas-based real estate investment trust late Thurs said now sees 2025 core FFO/sh of $7.05-$7.15 vs prior outlook of $7.00-$7.10, betting on continued strong demand

** Adj FFO, a key measurement for REITs, came in at $1.77 in Q1, up 10 cents from $1.67 a year ago

** Stifel maintains 'buy' rating and bumps PT by $5 to $190, saying record backlog drives visibility for 2025 and momentum for 2026

** Jefferies, which has 'buy' on the stock, lifted its PT by $3 to $193

** DLR had another strong leasing qtr, and eased concerns about hyperscalers slowing their investments, Jefferies said in note

** 19 of 25 brokerages rate DLR "strong buy" or "buy", 5 rate "hold". while 1 recommends "sell" and their median PT is $187, LSEG data currently shows

** Through Thurs close, stock down 13% YTD vs 0.5% decline in S&P 500 real estate sector .SPLRCR and 6.7% drop in S&P 500 .SPX