Digital Realty Trust Joins S&P 500

 

NEW YORK — The stock of Digital Realty Trust Inc. (NYSE: DLR) has replaced Time Warner Cable Inc. (NYSE:TWC) in the S&P 500 after the close of trading on Tuesday, May 17. Charter Communications Inc. (NASD: CHTR) has purchased Time Warner Cable in a deal that was finally completed this week.

Digital Realty Trust, a real estate investment trust (REIT), engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. Headquartered in San Francisco, CA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index.

Following is a summary of the change:

S&P 500 INDEX – MAY 17, 2016

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Digital Realty Trust

Financials

Specialized REITs

DELETED

Time Warner Cable

Consumer Discretionary

Cable & Satellite