Analyst Price Target Update on Digital Realty Trust (NYSE:DLR)

Digital Realty Trust (NYSE:DLR) shares are expected to touch $97.82 in the short term. This short term price target has been shared by 11 analysts. However, the standard deviation of short term price estimate has been valued at 11.47. The target price could hit $110 on the higher end and $73 on the lower end.

Many analysts have stated their opinion on the company shares. Wells Fargo initiates coverage on Digital Realty Trust (NYSE:DLR) The brokerage firm has issued a Outperform rating on the shares. The rating by the firm was issued on June 1, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (Managing Director, EMEA & APAC) of Digital Realty Trust, Inc., Geoghegan Bernard sold 586 shares at $90.7 on May 4, 2016. The Insider selling transaction had a total value worth of $53,150. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Digital Realty Trust (NYSE:DLR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.2 points or 1.18% at $100.24 with 1,936,793 shares getting traded. Post opening the session at $101.99, the shares hit an intraday low of $100.07 and an intraday high of $101.99 and the price was in this range throughout the day. The company has a market cap of $14,718 million and the number of outstanding shares have been calculated to be 146,823,800 shares. The 52-week high of Digital Realty Trust (NYSE:DLR) is $103.08 and the 52-week low is $60.66.

Digital Realty Trust, Inc. is a real estate investment trust (REIT) that owns, acquires, develops and manages technology-related real estate. The Companys services include implementation services, remote hands services, data center infrastructure management (DCIM), client services and digital realty partner network. The Company is a sole general partner of Digital Realty Trust, L.P. As of December 31, 2014, Digital Realty Trust, Inc. owned 97.8% common general partnership interest in Digital Realty Trust, L.P. The remaining 2.2% common limited partnership interests are owned by non-affiliated investors and certain directors and officers of Digital Realty Trust, Inc. The Company focuses on strategically located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users, including the information technology (IT) departments of Fortune 100 and financial services companies.

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