Digital Realty (DLR) Receives a Buy from Raymond James

In a report released yesterday, Frank Louthan from Raymond James maintained a Buy rating on Digital Realty (DLRResearch Report). The company’s shares closed last Thursday at $149.04.

According to, Louthan is a 3-star analyst with an average return of 2.0% and a 57.5% success rate. Louthan covers the Technology sector, focusing on stocks such as Rackspace Technology, Lumen Technologies, and GTT Communications.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Digital Realty with a $159.86 average price target, which is an 8.4% upside from current levels. In a report issued on April 21, Mizuho Securities also maintained a Buy rating on the stock with a $163.00 price target.

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Digital Realty’s market cap is currently $41.94B and has a P/E ratio of 133.30. The company has a Price to Book ratio of 7.90.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DLR in relation to earlier this year. Earlier this month, Kevin Kennedy, a Director at DLR sold 150 shares for a total of $22,500.

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California-based Digital Realty Trust, Inc. is a real estate investment trust, which provides data center, colocation and interconnection solutions for domestic and international customers. The company serves across a variety of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.