CoreSite Realty Corp (COR) SVP Sells $113,792.04 in Stock

CoreSite Realty Corp (NYSE:COR) SVP Brian Warren sold 1,242 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $91.62, for a total transaction of $113,792.04. Following the completion of the sale, the senior vice president now owns 38,169 shares in the company, valued at approximately $3,497,043.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of CoreSite Realty Corp (NYSE:COR) traded up $0.39 during mid-day trading on Wednesday, hitting $104.29. 529,069 shares of the stock traded hands, compared to its average volume of 473,124. The company has a market cap of $5,010.00, a P/E ratio of 56.68, a price-to-earnings-growth ratio of 1.20 and a beta of 0.48. CoreSite Realty Corp has a 12-month low of $86.47 and a 12-month high of $120.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 2.24.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.92 annualized dividend and a dividend yield of 3.76%. CoreSite Realty’s payout ratio is 213.04%.

COR has been the topic of several research reports. SunTrust Banks restated a “buy” rating and issued a $121.00 target price on shares of CoreSite Realty in a report on Friday, November 17th. ValuEngine downgraded shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Mitsubishi UFJ Financial Group assumed coverage on shares of CoreSite Realty in a research report on Wednesday, January 10th. They issued an “overweight” rating and a $124.00 price target on the stock. Credit Suisse Group set a $111.00 price target on shares of CoreSite Realty and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Finally, Jefferies Group reiterated a “buy” rating on shares of CoreSite Realty in a research report on Thursday, February 8th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. CoreSite Realty currently has an average rating of “Buy” and a consensus price target of $112.77.

Several hedge funds have recently made changes to their positions in COR. Zions Bancorporation bought a new stake in CoreSite Realty in the 3rd quarter valued at $170,000. Financial Gravity Companies Inc. bought a new stake in CoreSite Realty in the 4th quarter valued at $183,000. Intrust Bank NA bought a new stake in CoreSite Realty in the 4th quarter valued at $200,000. Park Avenue Securities LLC bought a new stake in CoreSite Realty in the 3rd quarter valued at $207,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in CoreSite Realty in the 4th quarter valued at $208,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

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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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