Insider Selling: CoreSite Realty Corp (NYSE:COR) SVP Sells 164 Shares of Stock

CoreSite Realty Corp (NYSE:COR) SVP Maile Kaiser sold 164 shares of CoreSite Realty stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $117.75, for a total value of $19,311.00. Following the completion of the transaction, the senior vice president now owns 15,145 shares in the company, valued at $1,783,323.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

COR stock traded up $1.38 on Friday, hitting $121.90. 190,433 shares of the company’s stock were exchanged, compared to its average volume of 289,373. CoreSite Realty Corp has a 12-month low of $82.64 and a 12-month high of $122.45. The firm has a 50 day moving average price of $116.12 and a two-hundred day moving average price of $113.46. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market cap of $4.40 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 1.80 and a beta of 0.48.

CoreSite Realty (NYSE:COR) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.75). CoreSite Realty had a return on equity of 24.19% and a net margin of 13.82%. The business had revenue of $142.91 million for the quarter, compared to analysts’ expectations of $142.85 million. During the same quarter last year, the firm earned $1.28 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that CoreSite Realty Corp will post 5.09 earnings per share for the current fiscal year.



The firm also recently announced a — dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a yield of 4.1%. CoreSite Realty’s dividend payout ratio (DPR) is 96.44%.

A number of hedge funds have recently made changes to their positions in COR. Tortoise Index Solutions LLC purchased a new position in CoreSite Realty during the 1st quarter worth $28,000. Steward Partners Investment Advisory LLC purchased a new position in CoreSite Realty during the 2nd quarter worth $51,000. Institutional & Family Asset Management LLC grew its stake in CoreSite Realty by 33.3% during the 1st quarter. Institutional & Family Asset Management LLC now owns 800 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 200 shares during the last quarter. Destination Wealth Management purchased a new position in CoreSite Realty during the 2nd quarter worth $103,000. Finally, Huntington National Bank grew its stake in CoreSite Realty by 201.7% during the 2nd quarter. Huntington National Bank now owns 1,255 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 839 shares during the last quarter. Hedge funds and other institutional investors own 92.33% of the company’s stock.

A number of research analysts have recently issued reports on COR shares. Raymond James cut their price target on CoreSite Realty from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Stifel Nicolaus set a $110.00 price target on CoreSite Realty and gave the company a “hold” rating in a report on Friday, July 26th. BMO Capital Markets reiterated a “hold” rating and issued a $112.00 price target on shares of CoreSite Realty in a report on Thursday, July 25th. Guggenheim set a $119.00 price target on CoreSite Realty and gave the company a “hold” rating in a report on Thursday, September 12th. Finally, ValuEngine downgraded CoreSite Realty from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $108.80.

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.

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Insider Buying and Selling by Quarter for CoreSite Realty (NYSE:COR)

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