Barclays Gives a Buy Rating to Digital Realty

By Jason Carr

In a report issued on April 18, Ross L Smotrich from Barclays maintained a Buy rating on Digital Realty (NYSE: DLR), with a price target of $123. The company’s shares closed yesterday at $113.02.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 8.8% and a 68.0% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Apartment Investment & Management, and General Growth Properties Inc.

Currently, the analyst consensus on Digital Realty is Strong Buy and the average price target is $117.50, representing a 4.0% upside.

In a report issued on April 17, Canaccord Genuity also reiterated a Buy rating on the stock with a $122 price target.

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 4,189 shares for a total of $460,790.

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 conducts its business and owns its assets through Digital Realty Trust L.P. Its solutions include turn-key datacenters, digital consulting services, build to suit datacenters, buy to suit /sale leaseback datacenters, powered base buildings and critical facilities management. Digital Realty Trust was founded on March 9, 2004 and is headquartered in San Francisco, CA.