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Digital Realty: Jefferies Timely Upgrade

|Includes: Digital Realty Trust, Inc. (DLR)

Jefferies upgraded Digital Realty (NYSE:DLR) today to a buy and raised their price target from $55 to $68. DLR went ex-dividend on June 11th, which started their normal post dividend selloff. This upgrade appears to have been a small catalyst today with the stock up modestly on a red ticker. I closed out my covered call last week and will look to sell another if we get a rally toward $60. DLR has a 6% yield, has been rallying since December 2013 and has been a solid covered call stock.

Disclosure: The author is long DLR.