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.
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.
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