CoreSite Realty Corp (NYSE:COR) CEO Paul E. Szurek sold 2,610 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $101.91, for a total value of $265,985.10. Following the transaction, the chief executive officer now directly owns 89,560 shares in the company, valued at approximately $9,127,059.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of CoreSite Realty Corp (COR) opened at $105.32 on Friday. The stock has a market capitalization of $3,571.22, a P/E ratio of 23.12, a P/E/G ratio of 1.23 and a beta of 0.48. CoreSite Realty Corp has a 1-year low of $86.47 and a 1-year high of $120.85. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.27 and a quick ratio of 0.27.
CoreSite Realty (NYSE:COR) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. The firm had revenue of $125.95 million for the quarter, compared to analysts’ expectations of $125.71 million. During the same period last year, the firm earned $1.06 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. analysts forecast that CoreSite Realty Corp will post 5 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be given a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Wednesday, March 28th. CoreSite Realty’s dividend payout ratio is currently 213.04%.
A number of institutional investors and hedge funds have recently bought and sold shares of COR. Atlantic Trust Group LLC acquired a new stake in CoreSite Realty in the 3rd quarter valued at approximately $35,764,000. BlackRock Inc. increased its position in CoreSite Realty by 6.2% in 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. Payden & Rygel increased its position in CoreSite Realty by 3,343.6% in the 3rd quarter. Payden & Rygel now owns 134,300 shares of the real estate investment trust’s stock valued at $15,028,000 after acquiring an additional 130,400 shares during the period. Land & Buildings Investment Management LLC acquired a new stake in CoreSite Realty in the 3rd quarter valued at approximately $11,391,000. Finally, Nationwide Fund Advisors increased its position in CoreSite Realty by 193.7% in the 3rd quarter. Nationwide Fund Advisors now owns 150,780 shares of the real estate investment trust’s stock valued at $16,872,000 after acquiring an additional 99,437 shares during the period. Hedge funds and other institutional investors own 99.51% of the company’s stock.
COR has been the topic of a number of research analyst reports. Robert W. Baird set a $126.00 target price on CoreSite Realty and gave the stock a “buy” rating in a report on Saturday, March 10th. Jefferies Group reaffirmed a “buy” rating on shares of CoreSite Realty in a report on Thursday, February 8th. SunTrust Banks reaffirmed a “buy” rating and set a $133.00 target price on shares of CoreSite Realty in a report on Thursday, December 7th. TheStreet downgraded CoreSite Realty from a “b-” rating to a “c+” rating in a report on Friday, February 9th. Finally, Credit Suisse Group reaffirmed a “hold” rating on shares of CoreSite Realty in a report on Sunday, February 11th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. CoreSite Realty currently has an average rating of “Buy” and an average price target of $112.77.
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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