CoreSite Realty Corp (NYSE:COR) SVP Brian Warren sold 1,000 shares of the stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $96.35, for a total transaction of $96,350.00. Following the completion of the sale, the senior vice president now directly owns 25,803 shares in the company, valued at approximately $2,486,119.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
CoreSite Realty stock opened at $95.99 on Friday. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.24 and a beta of 0.55. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.21 and a current ratio of 0.21. CoreSite Realty Corp has a 52 week low of $88.37 and a 52 week high of $119.59.
CoreSite Realty (NYSE:COR) last announced its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.72). The business had revenue of $139.18 million during the quarter, compared to analyst estimates of $138.10 million. CoreSite Realty had a return on equity of 20.18% and a net margin of 14.91%. As a group, research analysts forecast that CoreSite Realty Corp will post 5.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $1.03 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $4.12 annualized dividend and a dividend yield of 4.29%. CoreSite Realty’s dividend payout ratio is currently 91.15%.
A number of analysts recently weighed in on the stock. Cowen cut shares of CoreSite Realty from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $115.00 to $107.00 in a report on Monday, September 24th. Citigroup raised their target price on shares of CoreSite Realty from $105.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, July 30th. Credit Suisse Group set a $112.00 target price on shares of CoreSite Realty and gave the company a “hold” rating in a research note on Saturday, July 28th. Zacks Investment Research raised shares of CoreSite Realty from a “sell” rating to a “hold” rating in a research note on Friday, July 27th. Finally, Berenberg Bank began coverage on shares of CoreSite Realty in a research note on Thursday, September 20th. They set a “buy” rating and a $153.00 target price on the stock. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $119.15.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Brookstone Capital Management grew its stake in shares of CoreSite Realty by 28.2% in the 3rd quarter. Brookstone Capital Management now owns 2,489 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 547 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of CoreSite Realty by 14.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 4,868 shares of the real estate investment trust’s stock worth $541,000 after purchasing an additional 604 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of CoreSite Realty by 5.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 12,513 shares of the real estate investment trust’s stock worth $1,387,000 after purchasing an additional 649 shares during the last quarter. Arizona State Retirement System grew its stake in shares of CoreSite Realty by 3.1% in the 2nd quarter. Arizona State Retirement System now owns 23,921 shares of the real estate investment trust’s stock worth $2,651,000 after purchasing an additional 710 shares during the last quarter. Finally, People s United Financial Inc. grew its stake in shares of CoreSite Realty by 3.4% in the 2nd quarter. People s United Financial Inc. now owns 21,608 shares of the real estate investment trust’s stock worth $2,394,000 after purchasing an additional 712 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors.
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CoreSite Realty Company Profile
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.
Further Reading: Book Value Per Share – BVPS
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