DLR Stock Summary and Trading Ideas (Digital Realty Trust | NYSE:DLR)

Digital Realty owns and operates over 300 data centers worldwide. It has nearly 40 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. The company operates as a real estate investment trust.

Digital Realty Trust trades on the NYSE stock market under the symbol DLR.

As of April 19, 2024, DLR stock price climbed to $136.83 with 1,396,811 million shares trading.

DLR has a beta of 1.11, meaning it tends to be more sensitive to market movements. DLR has a correlation of 0.20 to the broad based SPY ETF.

DLR has a market cap of $42.73 billion. This is considered a Large Cap stock.

In the last 3 years, DLR stock traded as high as $178.22 and as low as $85.76.

The top ETF exchange traded funds that DLR belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.

DLR has outperformed the market in the last year with a price return of +45.2% while the SPY ETF gained +21.2%. However, in the short term, DLR had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.6% vs +4.3% return in SPY. But in the last 2 weeks, DLR shares have fared better than the market returning -2.2% compared to SPY -3.5%.

DLR support price is $134.34 and resistance is $138.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DLR stock will trade within this expected range on the day.