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Digital Realty Trust Inc DLR Stock Quote


Last close prices updated as of May 26, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 98.89
  • Sector Real Estate
  • Industry REIT - Specialty
  • Investment Style Mid Blend
  • Day Range 94.30  –  100.15
  • Year Range 85.76  –  141.77
  • Market Cap 28.8113 Bil
  • Volume / Avg 6.3 Mil /  2.7 Mil
  • Price / Sales 6.10
  • Price / Book 1.75
  • Forward Div Yield 4.93%
  • Trailing Div Yield 4.93%

Morningstar‘s Stock Analysis DLR

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Digital Realty Earnings: Weaker Leasing, but Stellar Pricing and Connectivity Shift in Full Force

Matthew Dolgin Equity Analyst

Analyst Note

| Matthew Dolgin |

Digital Realty had a good first quarter. Overall leasing was down, but leasing is often choppy, so we wouldn’t overemphasize a single quarter’s result. More important to us, pricing was the strongest in years, and Digital’s smaller co-location and interconnectivity deployments are currently the strongest parts of its business. We think those co-location and interconnection leases are more profitable and contribute to a data center's competitive advantages, supporting our rationale for a positive network effect moat trend rating for this narrow-moat firm. We are raising our fair value estimate to $135 per share from $133 and believe the current stock price provides a good entry point.

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Key Statistics DLR

Company Profile DLR

Business Description

Digital Realty owns and operates over 300 data centers worldwide. It has nearly 40 million rentable square feet across five continents. Digital's offerings range from retail co-location, where an enterprise may rent a single cabinet and rely on Digital to provide all the accommodations, to "cold shells," where hyperscale cloud service providers can simply rent much, or all, of a barren, power-connected building. In recent years, Digital Realty has de-emphasized cold shells and now primarily provides higher-level service to tenants, which outsource their related IT needs to Digital. Digital Realty has also moved more into the co-location business, increasingly serving enterprises and facilitating network and cloud connections. Digital Realty operates as a real estate investment trust.

5707 Southwest Parkway, Building 1, Suite 275
Austin, TX, 78735
Industry REIT - Specialty
Employees 3,412

Related Articles DLR

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of DLR’s competitive advantage.

Digital Realty Trust Inc


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Nextdc Ltd


Keppel DC REIT

+$6.67 (7.23%) +$21.89 (3.10%) +$0.42 (3.45%) +$0.05 (2.45%)
Market Cap
28.81 Bil68.19 Bil6.26 Bil3.60 Bil
REIT - Specialty REIT - Specialty Information Technology Services REIT - Office
Real Estate
Real Estate
Real Estate

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Digital Realty Trust Inc Stock

Yes. DLR has a forward dividend yield of 4.93%. See DLR’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

DLR’s market cap is 28.81 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

DLR’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

DLR’s price/sales is 6.10.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

DLR’s price/forward earnings is 89.90.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

DLR’s price/book is 1.75.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See DLR’s valuation ratios compared to the Market Index.

DLR’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare DLR’s historical performance against its industry peers and the overall market.