Digital Realty Trust Inc. Stock Falls Monday, Underperforms Market

Realty Income Corp

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Real Estate : Equity Real Estate Investment Trusts (REITs) | Large Cap Blend

Company profile

Realty Income Corporation is a real estate investment trust. The Company is engaged in acquiring and managing single-unit freestanding commercial properties under a long-term net lease agreement with its commercial clients. The Company owns and operates diversified portfolio of over 11,400 commercial properties. The Company’s properties are leased to over 1,100 different clients who operate in approximately 72 separate industries throughout all 50 states, as well as Puerto Rico, the United Kingdom and Spain. Its properties are leased to retail and industrial clients that have a service, non-discretionary and/or low-price-point component to their business. The Company’s property types include retail, industrial, and agriculture.

Digital Realty Trust Inc. Stock Falls Monday, Underperforms Market

4:54 pm ET November 28, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Digital Realty Trust Inc. (DLR) shed 3.41% to $107.48 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.54% to 3,963.94 and Dow Jones Industrial Average falling 1.45% to 33,849.46. The stock's fall snapped a two-day winning streak. Digital Realty Trust Inc. closed $70.74 below its 52-week high ($178.22), which the company reached on December 31st.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Prologis Inc. (PLD) fell 4.24% to $111.46, Alexandria Real Estate Equities Inc. (ARE) fell 3.32% to $149.01, and Boston Properties Inc. (BXP) fell 2.88% to $69.59. Trading volume (1.8 M) remained 604,340 below its 50-day average volume of 2.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 28, 2022.

(END) Dow Jones Newswires

November 28, 2022 16:54 ET (21:54 GMT)