Jefferies analyst Omotayo Okusanya reiterated a Hold rating on Digital Realty (NYSE: DLR) yesterday and set a price target of $119. The company’s shares closed yesterday at $115.93.
According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 7.5% and a 60.8% success rate. Okusanya covers the Financial sector, focusing on stocks such as Easterly Government Properties, DCT Industrial Trust Inc, and Office Properties Trust.
Currently, the analyst consensus on Digital Realty is a Moderate Buy with an average price target of $120.40, which is a 3.9% upside from current levels. In a report released yesterday, BMO Capital also initiated coverage with a Hold rating on the stock with a $120 price target.
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Based on Digital Realty’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $107 million. In comparison, last year the company had a net profit of $78.65 million.
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.
