Digital Realty Trust Inc. Stock Falls Friday, Underperforms Market

Digital Realty Trust Inc

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DLR Digital Realty Trust Inc

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Company profile

Digital Realty Trust, Inc. is a real estate investment trust, which is engaged in the business of owning, acquiring, developing and operating data centers. The Company provides data center, colocation and interconnection solutions for customers across a range of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products. The Company portfolio consists of approximately 316 data centers, which are located across United States, Europe, Latin America, Africa, Asia, Australia and Canada. The Company’s PlatformDIGITAL is a global data center platform for scaling digital business which enables customers to deploy their critical infrastructure with a global data center provider. PlatformDIGITAL is also combines its global presence with Pervasive Data Center Architecture (PDx) solution for digital business and managing data.

Digital Realty Trust Inc. Stock Falls Friday, Underperforms Market

4:50 pm ET February 3, 2023 (MarketWatch) Print

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

Shares of Digital Realty Trust Inc. (DLR) slipped 3.93% to $115.21 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.04% to 4,136.48 and Dow Jones Industrial Average falling 0.38% to 33,926.01. The stock's fall snapped a three-day winning streak. Digital Realty Trust Inc. closed $38.29 short of its 52-week high ($153.50), which the company reached on April 20th.

The stock underperformed when compared to some of its competitors Friday, as Prologis Inc. (PLD) fell 2.13% to $131.62, Alexandria Real Estate Equities Inc. (ARE) fell 1.77% to $167.79, and Boston Properties Inc. (BXP) fell 3.69% to $75.48. Trading volume (2.0 M) eclipsed its 50-day average volume of 1.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled February 3, 2023.

(END) Dow Jones Newswires

February 03, 2023 16:50 ET (21:50 GMT)