Why Digital Realty Trust Stock Gained 16% in March While the Market Plunged
Shares of Digital Realty Trust (NYSE: DLR), a data center real estate investment trust (REIT), rose 15.7% (or 16.6% if we include dividends) in March, according to data from S&P Global Market Intelligence.
For context, the S&P 500 index returned negative 12.4% last month. That poor performance was due to a continuation of the coronavirus-driven market sell-off that began in mid-February.
So far this month, through April 6, Digital Realty Trust's return is nearly flat, while the broader market has returned 1.5%. In 2020, shares have returned 17.3%, far outpacing the S&P 500's negative 17.1% return.
Source Fool.com
