Jefferies Says Hold Digital Reality Trust Through Change in Leadship

In their morning summary Tuesday, Jefferies maintained its Hold rating on Digital Reality Trust DLR amid news that CEO Mike Foust will step down effective immediately. Digital Reality will be putting CFO Bill Stein in the position of interim CEO until new leadership can be determined. In respect to this news, Jefferies analyst Omotayo Okusanya stated, "While it appears that the board is taking action to correct missteps from the past, this could create some additional uncertainty regarding Digital Reality Trust's future strategic direction." Possibly reacting to this news, Digital Reality is trading down ~2.5 percent at last check.