Digital Realty Trust (DLR) has been under a strong bear grip, hence the stock is down -4.11% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.21% in the past 1 week. The stock has risen by 2.27% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.12% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.81% and the 50-Day Moving Average is 1.12%. Digital Realty Trust (NYSE:DLR): stock turned positive on Friday. Though the stock opened at $102.24, the bulls momentum made the stock top out at $104.55 level for the day. The stock recorded a low of $101.67 and closed the trading day at $103.24, in the green by 1.57%. The total traded volume for the day was 1,327,627. The stock had closed at $101.64 in the previous days trading.
The company Insiders own 0.29% of Digital Realty Trust shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -40.68%. Also, Major Brokerage house, Barclays maintains its ratings on Digital Realty Trust (NYSE:DLR). In the latest research report, Barclays raises the target price from $118 per share to $126 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 12, 2016.
Digital Realty Trust, Inc. is a real estate investment trust (REIT) that owns, acquires, develops and manages technology-related real estate. The Companys services include implementation services, remote hands services, data center infrastructure management (DCIM), client services and digital realty partner network. The Company is a sole general partner of Digital Realty Trust, L.P. As of December 31, 2014, Digital Realty Trust, Inc. owned 97.8% common general partnership interest in Digital Realty Trust, L.P. The remaining 2.2% common limited partnership interests are owned by non-affiliated investors and certain directors and officers of Digital Realty Trust, Inc. The Company focuses on strategically located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users, including the information technology (IT) departments of Fortune 100 and financial services companies.