CoreSite Realty Corporation (NYSE:COR) SVP Derek Mccandless sold 5,000 shares of CoreSite Realty Corporation stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $109.37, for a total value of $546,850.00. Following the completion of the transaction, the senior vice president now directly owns 36,613 shares in the company, valued at $4,004,363.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
CoreSite Realty Corporation (NYSE COR) traded up $1.82 during mid-day trading on Friday, reaching $112.60. The company’s stock had a trading volume of 332,447 shares, compared to its average volume of 400,489. The company has a quick ratio of 0.46, a current ratio of 0.29 and a debt-to-equity ratio of 1.80. CoreSite Realty Corporation has a 52 week low of $64.81 and a 52 week high of $120.85. The stock has a market cap of $5,410.00, a P/E ratio of 25.24, a PEG ratio of 1.50 and a beta of 0.43.
CoreSite Realty Corporation (NYSE:COR) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.64). CoreSite Realty Corporation had a return on equity of 15.35% and a net margin of 15.21%. The business had revenue of $123.07 million for the quarter, compared to analysts’ expectations of $121.27 million. During the same quarter in the prior year, the firm earned $0.90 earnings per share. CoreSite Realty Corporation’s revenue for the quarter was up 21.5% compared to the same quarter last year. equities research analysts anticipate that CoreSite Realty Corporation will post 4.48 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, September 28th. This represents a $3.60 annualized dividend and a yield of 3.20%. CoreSite Realty Corporation’s dividend payout ratio is presently 195.65%.
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A number of hedge funds have recently bought and sold shares of the business. FDx Advisors Inc. purchased a new stake in CoreSite Realty Corporation during the 3rd quarter worth approximately $209,000. Breton Hill Capital Ltd. purchased a new stake in CoreSite Realty Corporation during the 3rd quarter worth approximately $444,000. Advantus Capital Management Inc increased its holdings in CoreSite Realty Corporation by 138.0% during the 3rd quarter. Advantus Capital Management Inc now owns 11,423 shares of the real estate investment trust’s stock worth $1,278,000 after purchasing an additional 6,623 shares during the last quarter. Swiss National Bank increased its holdings in CoreSite Realty Corporation by 1.2% during the 3rd quarter. Swiss National Bank now owns 57,200 shares of the real estate investment trust’s stock worth $6,401,000 after purchasing an additional 700 shares during the last quarter. Finally, Greenwood Capital Associates LLC purchased a new stake in CoreSite Realty Corporation during the 3rd quarter worth approximately $218,000. Institutional investors own 98.29% of the company’s stock.
Several equities analysts have recently weighed in on the company. Zacks Investment Research lowered CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research note on Thursday. Credit Suisse Group set a $111.00 target price on CoreSite Realty Corporation and gave the company a “hold” rating in a report on Friday, October 27th. Citigroup Inc raised their target price on CoreSite Realty Corporation from $109.00 to $115.00 and gave the company a “buy” rating in a report on Friday, October 27th. Cowen and Company reiterated a “buy” rating and set a $111.00 target price on shares of CoreSite Realty Corporation in a report on Thursday, October 19th. Finally, KeyCorp reiterated a “hold” rating on shares of CoreSite Realty Corporation in a report on Thursday, October 12th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $107.20.
About CoreSite Realty Corporation
CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust. The Company, through its controlling interest in CoreSite, L.P., is engaged in the business of ownership, acquisition, construction and operation of data centers across a range of markets in the United States, including the Northern Virginia, New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.
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