Movement Alert|Digital Realty Trust Inc Falls 3.71% in Regular Trading, Data Center REIT Sector Under Broad Pressure Despite Turkey Expansion News

Market Focus
Sep 14

On September 14, Digital Realty Trust Inc declined 3.71% in regular trading, trading at 181.32 USD/share, with turnover of $90.24 million. Notably, the stock had risen 3.2% in pre-market trading before reversing sharply during the session.

On the news front, the company announced a strategic joint venture with Ronesans Infrastructure to develop and operate data centers in Turkey, with the first project being a campus in Ankara offering over 22 megawatts of IT capacity. Construction has begun with completion expected in 2028, and an additional facility in Istanbul is also planned. Chief Investment Officer Greg Wright highlighted the venture's potential to enhance Turkey's position as a regional technology hub.

However, the positive expansion news was overshadowed by broad sector weakness. Within the Data Center REITs sector, Equinix fell 3.08%, Fermi Inc. dropped 7.55%, and Blackstone Digital Infrastructure Trust declined 1.81%, reflecting widespread selling pressure across the industry. Analysts maintain a broadly positive outlook on the stock, with a consensus buy rating and a mean price target of $223.71.

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