CoreSite Realty Corp (NYSE:COR) SVP Sells $1,296,307.29 in Stock

CoreSite Realty Corp (NYSE:COR) SVP Brian Warren sold 10,931 shares of CoreSite Realty stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $118.59, for a total value of $1,296,307.29. Following the transaction, the senior vice president now directly owns 26,945 shares in the company, valued at approximately $3,195,407.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of COR stock opened at $113.63 on Friday. The business’s 50 day moving average is $119.42 and its two-hundred day moving average is $115.54. CoreSite Realty Corp has a twelve month low of $82.64 and a twelve month high of $123.68. The company has a market capitalization of $4.38 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 1.74 and a beta of 0.45. The company has a current ratio of 0.16, a quick ratio of 0.18 and a debt-to-equity ratio of 5.67.

CoreSite Realty (NYSE:COR) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.78). CoreSite Realty had a net margin of 13.48% and a return on equity of 26.30%. The company had revenue of $144.90 million during the quarter, compared to analysts’ expectations of $145.19 million. During the same quarter last year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities analysts predict that CoreSite Realty Corp will post 5.11 earnings per share for the current fiscal year.

The business also recently announced a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 4.1%. CoreSite Realty’s dividend payout ratio (DPR) is currently 96.44%.

Several hedge funds have recently made changes to their positions in COR. Invesco Ltd. grew its stake in shares of CoreSite Realty by 888.7% in the 2nd quarter. Invesco Ltd. now owns 955,548 shares of the real estate investment trust’s stock valued at $110,050,000 after purchasing an additional 858,903 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of CoreSite Realty by 424.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 372,621 shares of the real estate investment trust’s stock valued at $42,915,000 after purchasing an additional 301,555 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of CoreSite Realty by 67.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 724,196 shares of the real estate investment trust’s stock valued at $83,406,000 after purchasing an additional 292,526 shares during the last quarter. Centersquare Investment Management LLC grew its stake in shares of CoreSite Realty by 50.2% in the 2nd quarter. Centersquare Investment Management LLC now owns 340,152 shares of the real estate investment trust’s stock valued at $39,175,000 after purchasing an additional 113,624 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of CoreSite Realty by 48.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 333,354 shares of the real estate investment trust’s stock valued at $40,516,000 after purchasing an additional 108,953 shares during the last quarter. Institutional investors own 93.00% of the company’s stock.

Several research firms have commented on COR. Zacks Investment Research lowered CoreSite Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th. Raymond James lifted their price target on CoreSite Realty from $110.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Credit Suisse Group cut their price target on CoreSite Realty from $111.00 to $103.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Stifel Nicolaus set a $110.00 price target on CoreSite Realty and gave the stock a “hold” rating in a research report on Friday, July 26th. Finally, ValuEngine lowered CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $112.20.

CoreSite Realty Company Profile

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.

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Insider Buying and Selling by Quarter for CoreSite Realty (NYSE:COR)

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