Digital Realty Trust (NYSE:DLR) has tumbled 0.21% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 8.92% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.99% and the outperformance has advanced to 7.92% for the last 4 weeks period.
Digital Realty Trust (NYSE:DLR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $101.60 and $100.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $102.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $102.11, notching a gain of 0.43% for the day. The total traded volume was 3,924,547 . The stock had closed at $101.67 on the previous day.
The company shares have rallied 51.14% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $103.08 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $95.92 and the 200 Day Moving Average price is recorded at $84.68.
On the companys insider trading activities, The officer (Managing Director, EMEA & APAC), of Digital Realty Trust, Inc., Geoghegan Bernard had unloaded 586 shares at $90.7 per share in a transaction on May 4, 2016. The total value of transaction was $53,150. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Wells Fargo initiates coverage on Digital Realty Trust (NYSE:DLR). Wells Fargo has a Outperform rating on the shares. The rating by the firm was issued on June 1, 2016. Currently the company Insiders own 0.29% of Digital Realty Trust shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.54% . Institutional Investors own 95.92% of Digital Realty Trust shares. During last six month period, the net percent change held by insiders has seen a change of -42.59%.
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.