Kenneth C. Mcnaughton Purchases 43,000 Shares of CoreSite Realty Corp (COR) Stock

CoreSite Realty Corp (NYSE:COR) insider Kenneth C. Mcnaughton bought 43,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were purchased at an average cost of $0.31 per share, for a total transaction of $13,330.00.

Shares of CoreSite Realty Corp (COR) opened at $96.26 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.27 and a debt-to-equity ratio of 2.24. The company has a market cap of $3,326.38, a P/E ratio of 52.32, a P/E/G ratio of 1.14 and a beta of 0.33. CoreSite Realty Corp has a 1-year low of $85.57 and a 1-year high of $120.85.

CoreSite Realty (NYSE:COR) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $125.95 million for the quarter, compared to analysts’ expectations of $125.71 million. CoreSite Realty had a net margin of 15.54% and a return on equity of 16.77%. CoreSite Realty’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 EPS. analysts expect that CoreSite Realty Corp will post 5 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its holdings in CoreSite Realty by 6.2% during the 4th quarter. BlackRock Inc. now owns 3,362,411 shares of the real estate investment trust’s stock valued at $382,978,000 after acquiring an additional 196,323 shares during the period. Wells Fargo & Company MN raised its holdings in CoreSite Realty by 3.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,768,110 shares of the real estate investment trust’s stock valued at $201,387,000 after acquiring an additional 65,560 shares during the period. Dimensional Fund Advisors LP raised its holdings in CoreSite Realty by 4.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 499,857 shares of the real estate investment trust’s stock valued at $55,932,000 after acquiring an additional 22,342 shares during the period. Franklin Resources Inc. raised its holdings in CoreSite Realty by 2.7% during the 4th quarter. Franklin Resources Inc. now owns 465,515 shares of the real estate investment trust’s stock valued at $53,022,000 after acquiring an additional 12,345 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in CoreSite Realty by 16.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 343,317 shares of the real estate investment trust’s stock valued at $39,103,000 after acquiring an additional 49,687 shares during the period. 97.35% of the stock is currently owned by institutional investors and hedge funds.

COR has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Credit Suisse Group set a $111.00 target price on shares of CoreSite Realty and gave the stock a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research cut shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. ValuEngine raised shares of CoreSite Realty from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $121.00 price target on shares of CoreSite Realty in a report on Friday, November 17th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $113.00.

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About CoreSite Realty

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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