CoreSite Realty Corp (COR) Insider Kenneth C. Mcnaughton Buys 50,000 Shares

CoreSite Realty Corp (NYSE:COR) insider Kenneth C. Mcnaughton acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were bought at an average price of $0.32 per share, with a total value of $16,000.00.

CoreSite Realty Corp (COR) traded down $0.06 during mid-day trading on Friday, reaching $107.53. 271,146 shares of the company’s stock traded hands, compared to its average volume of 348,433. The stock has a market cap of $5,170.00, a PE ratio of 58.44, a P/E/G ratio of 1.26 and a beta of 0.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.29. CoreSite Realty Corp has a 12-month low of $83.82 and a 12-month high of $120.85.

CoreSite Realty (NYSE:COR) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.64). CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. The firm had revenue of $123.07 million during the quarter, compared to analysts’ expectations of $121.27 million. During the same period in the previous year, the firm posted $0.90 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis. equities analysts anticipate that CoreSite Realty Corp will post 4.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, December 28th. This is a boost from CoreSite Realty’s previous quarterly dividend of $0.90. This represents a $3.92 annualized dividend and a dividend yield of 3.65%. CoreSite Realty’s payout ratio is currently 213.04%.

Several hedge funds and other institutional investors have recently made changes to their positions in COR. Schroder Investment Management Group purchased a new stake in shares of CoreSite Realty during the 2nd quarter valued at $188,000. Eaton Vance Management grew its stake in shares of CoreSite Realty by 22.1% during the 2nd quarter. Eaton Vance Management now owns 6,447 shares of the real estate investment trust’s stock valued at $667,000 after buying an additional 1,168 shares during the period. Riverhead Capital Management LLC grew its stake in shares of CoreSite Realty by 85.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,597 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 1,197 shares during the period. Ameriprise Financial Inc. grew its stake in shares of CoreSite Realty by 3.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 380,993 shares of the real estate investment trust’s stock valued at $39,445,000 after buying an additional 13,058 shares during the period. Finally, Nationwide Fund Advisors grew its stake in shares of CoreSite Realty by 3.4% during the 2nd quarter. Nationwide Fund Advisors now owns 51,343 shares of the real estate investment trust’s stock valued at $5,316,000 after buying an additional 1,704 shares during the period. 98.02% of the stock is owned by institutional investors.

Several brokerages recently issued reports on COR. JPMorgan Chase & Co. began coverage on CoreSite Realty in a research report on Monday, September 25th. They set a “neutral” rating and a $118.00 price objective for the company. Credit Suisse Group set a $111.00 target price on shares of CoreSite Realty and gave the stock a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of CoreSite Realty from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Wednesday, September 27th. Mitsubishi UFJ Financial Group initiated coverage on shares of CoreSite Realty in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $124.00 target price for the company. Finally, William Blair initiated coverage on shares of CoreSite Realty in a research note on Friday, September 22nd. They issued an “outperform” rating for the company. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $110.75.

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CoreSite Realty Company Profile

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.

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

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