NEW YORK (

TheStreet

) --

Digital Realty

(NYSE:

DLR

) hit a new 52-week high Wednesday as it is currently trading at $72.40, above its previous 52-week high of $72.39 with 397,171 shares traded as of 10:40 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Digital has a market cap of $7.1 billion and is part of the

financial

sector and

real estate

industry. Shares are up 6.4% year to date as of the close of trading on Tuesday.

Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. The company has a P/E ratio of 53.7, below the average real estate industry P/E ratio of 54.1 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Digital as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Digital Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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