Digital Realty Trust Inc (NYSE: DLR) Plunges -0.52% And Its 1.92% Stock Volatility Is Bewildering

Digital Realty Trust Inc (NYSE:DLR) does about 1.95M shares in volume on a normal day but saw 1070056 shares change hands in Friday’s trading. The company now has a market cap of 47.26B USD. Its current market price is $146.35, marking a decrease of -0.52% compared to the previous close of $147.12. The 52 week high reached by this stock is $154.18 whilst the lowest price level in 52 weeks is $100.30.

Digital Realty Trust Inc (DLR) has a 20-day trading average at $143.96 and the current price is -5.08% off the 52-week high compared with 45.91% distance from its 52-week low. The 50-day simple moving average of the closing price is $142.13 and its 200-day simple moving average is $135.76. If we look at the stock’s price movements over the week, volatility stands at 1.92%, which decreases to 1.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.27 to suggest the stock is neutral.

The consensus objective for the share price is $148.75, suggesting that the stock has a potential upside of 1.61% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 09, 2024 when Wells Fargo upgraded the stock to “Overweight” and issued a price target of between $135 and $155. Scotiabank downgraded the stock to “Sector Perform” from Sector Outperform on February 16, 2024 at a price target of $157. Scotiabank upgraded its price target at $132-$157.

Digital Realty Trust Inc (DLR) stock is up 0.69% over the week and 4.35% over the past month. Its price is 8.75% year-to-date and 41.24% over the past year.

To reach the target analysts have set, the stock logically needs to grow 1.61 percent from here.

The company has a return on investment of 3.08% and return on equity of 6.41%. The price to earnings ratio (P/E ratio) amounts to 41.03 while the forward price to earnings ratio is 114.18. The beta has a value of 0.60. Price to book ratio is 2.50 and price to sales ratio is 8.64.