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Down 45% in This Bear Market, Can Digital Realty Trust Recover in 2023?

TheMotleyFool

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Down 45% in This Bear Market, Can Digital Realty Trust Recover in 2023?: https://g.foolcdn.com/editorial/images/715473/time-to-buy-investing.jpg

Like many stocks in 2022, shares of data center REIT Digital Realty Trust (NYSE: DLR) fell sharply. In this case, Digital Realty's stock peaked on Jan. 3, reaching its all-time high on the first day of trading last year. Since that peak price of just over $175 per share, Digital Realty's stock fell below $90 per share in mid-October. And while it has recovered some, shares are around $98 at recent prices.

To put it into context, Digital Realty's shares haven't persistently traded at these prices since 2016: