Digital Reaches New 52-Week High (DLR)

NEW YORK ( TheStreet) -- Digital Realty (NYSE: DLR) hit a new 52-week high Friday as it is currently trading at $73.79, above its previous 52-week high of $73.73 with 298,806 shares traded as of 11:59 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 9.4% year to date as of the close of trading on Thursday.

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 55.4, above the average real estate industry P/E ratio of 54.1 and above the S&P 500 P/E ratio of 17.7.

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, good cash flow from operations 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.

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