Shares of Digital Realty Trust Inc. (NYSE:DLR) traded today at $175.45, eclipsing its 52-week high. So far today approximately 201,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.
Digital Realty Trust Inc. (NYSE:DLR) is currently priced 53.5% above its average consensus analyst price target of $81.59.
In the past 52 weeks, Digital Realty Trust Inc. share prices are bracketed by a low of $124.65 and a high of $175.45 and is now at $175.30, 41% above that low price.
Digital Realty owns and operates nearly 300 data centers worldwide. It has more than 35 million rentable square feet across five continents. Digital’s offerings range from retail co-location, where an enterprise may rent a single cabinet and rely on Digital to provide all the accommodations, to “cold shells,” where hyperscale cloud service providers can simply rent much, or all, of a barren, power-connected building. In recent years, Digital Realty has de-emphasized cold shells and now primarily provides higher-level service to tenants, which outsource their related IT needs to Digital. Digital Realty has also moved more into the co-location business, increasingly serving enterprises and facilitating network connections. Digital Realty operates as a real estate investment trust.
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