A Director at Digital Realty is Exercising Options

By Carrie Williams

Yesterday it was reported that a Director at Digital Realty (DLRResearch Report), Kevin Kennedy, exercised options to sell 400 DLR shares for a total transaction value of $45.8K.

This is Kennedy’s first transaction since reporting a Sell transaction on KLAC back in January 2014 In addition to Kevin Kennedy, 2 other DLR executives reported Sell trades in the last month.

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Based on Digital Realty’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $761 million and quarterly net profit of $87.6 million. In comparison, last year the company earned revenue of $609 million and had a net profit of $12.44 million. DLR’s market cap is $24.11B and the company has a P/E ratio of 87.89. Currently, Digital Realty has an average volume of 1.33M.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $124.63, reflecting a 6.6% upside.

The insider sentiment on Digital Realty has been negative according to 11 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Digital Realty Trust, Inc. operates as a real estate investment trust. It owns, acquires, develops and manages technology related real estate. The company provides data center, colocation, and interconnection solutions. Digital Realty Trust was founded on March 9, 2004 and is headquartered in San Francisco, CA.