DLR - EVP Of Digital Realty Trust Makes $111K Buy | Benzinga
Jeannie Lee, EVP at Digital Realty Trust (NYSE:DLR), reported an insider buy on January 11, according to a new SEC filing.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Lee purchased 800 shares of Digital Realty Trust, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $111,109.
Digital Realty Trust's shares are actively trading at $136.37, experiencing a up of 1.77% during Friday's morning session.
Unveiling the Story Behind Digital Realty Trust
Digital Realty owns and operates over 300 data centers worldwide. It has nearly 40 million rentable square feet across five continents. Digital's offerings range from retail co-location, where an enterprise may rent a single cabinet and rely on Digital to provide all the accommodations, to "cold shells," where hyperscale cloud service providers can simply rent much, or all, of a barren, power-connected building. In recent years, Digital Realty has de-emphasized cold shells and now primarily provides higher-level service to tenants, which outsource their related IT needs to Digital. Digital Realty has also moved more into the co-location business, increasingly serving enterprises and facilitating network and cloud connections. Digital Realty operates as a real estate investment trust.
Digital Realty Trust's Economic Impact: An Analysis
Revenue Growth: Digital Realty Trust's revenue ...