Monday, January 30, 2012

Chart of the Day - Digital Realty Trust (DLR)

The "Chart of the Day" is Digital Realty Trust (DLR), which showed up on Thursday's Barchart "All Time High" list. DLR on Thursday posted a new all-time high of $69.87 and closed up 1.09%. TrendSpotter has been Long since Oct 18 at $58.92. In recent news on the stock, Collins Stewart on Jan 19 initiated coverage with a Neutral and a target of $65. KeyBanc on Jan 12 downgraded DLR to Hold from Buy due to valuation but raised its target price to $68 from $66. Digital Realty Trust, with a market cap of $7.1 billion, owns, acquires, repositions and manages technology-related real estate, mainly data centers.


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