RBC Capital analyst Jonathan Atkin reiterated a Buy rating on Digital Realty (NYSE: DLR) yesterday and set a price target of $131. The company’s shares closed on Friday at $120.96.
According to TipRanks.com, Atkin is a top 100 analyst with an average return of 17.1% and a 80.6% success rate. Atkin covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, Interxion Holding NV, and GDS Holdings Ltd.
Currently, the analyst consensus on Digital Realty is a Moderate Buy with an average price target of $128.80, representing a 6.5% upside. In a report issued on July 30, Citigroup also maintained a Buy rating on the stock with a $131 price target.
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Based on Digital Realty’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $85.46 million. In comparison, last year the company had a net profit of $78.65 million.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. Last 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.
