Digital Realty Trust Inc. (NYSE:DLR) traded today at a new 52-week high of $164.25. This new high was reached on below average trading volume as 339,000 shares traded hands, while the average 30-day volume is approximately 983,000 shares.
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.
Based on a current price of $163.93, Digital Realty Trust Inc. is currently 39.3% above its average consensus analyst price target of $99.57.
Digital Realty Trust Inc. share prices have moved between a 52-week high of $164.25 and a 52-week low of $124.65 and are now trading 32% above that low price at $163.93 per share.
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