On July 29, Digital Realty Trust Inc declined 3.02% in regular trading, trading at $187.18/share, with turnover of $44.25 million. The stock retreated after surging from the $175 level to an intraday high of $207.47 following its strong Q2 earnings release on July 24.
The broader Data Center REIT sector faced selling pressure, with peers Equinix down 2.06%, Fermi Inc. down 3.66%, and Blackstone Digital Infrastructure Trust down 1.16%. The pullback comes as investors took profits following a significant post-earnings rally. Digital Realty reported Q2 core FFO of $2.65 per share, far exceeding the FactSet consensus estimate of $1.98, while revenue of $1.92 billion beat the $1.66 billion expectation. The company also raised its full-year 2026 core FFO guidance to $8.15-$8.20 per share from prior $8.00-$8.10. Despite the retreat, multiple analysts raised price targets post-earnings, with the consensus mean target at $222.06, well above current levels.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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