In a report released today, Jennifer Fritzsche from Wells Fargo maintained a Buy rating on Digital Realty (NYSE: DLR). The company’s shares opened today at $118.75.
According to TipRanks.com, Fritzsche is a 4-star analyst with an average return of 13.7% and a 71.3% success rate. Fritzsche covers the Technology sector, focusing on stocks such as Sprint Corp, T Mobile US, and Verizon.
Digital Realty has an analyst consensus of Moderate Buy, with a price target consensus of $127.29, implying a 7.2% upside from current levels. In a report issued on July 17, Stifel Nicolaus also maintained a Buy rating on the stock with a $128 price target.
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Digital Realty’s market cap is currently $24.09B and has a P/E ratio of 114.71. The company has a Price to Book ratio of 2.68.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Joshua Mills, the SVP & GC of DLR sold 2,500 shares for a total of $287,500.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Digital Realty Trust, Inc. operates as a real estate investment trust. It owns, acquires, develops and manages technology related real estate. The company provides data center, colocation, and interconnection solutions. Digital Realty Trust was founded on March 9, 2004 and is headquartered in San Francisco, CA.
