CoreSite Realty Corp (NYSE:COR) CEO Paul E. Szurek sold 3,588 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $114.15, for a total value of $409,570.20. Following the sale, the chief executive officer now directly owns 147,075 shares in the company, valued at approximately $16,788,611.25. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of CoreSite Realty stock traded up $0.02 during trading on Wednesday, hitting $114.30. 316,200 shares of the company were exchanged, compared to its average volume of 351,298. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.23 and a quick ratio of 0.23. CoreSite Realty Corp has a fifty-two week low of $89.76 and a fifty-two week high of $119.59. The company has a market capitalization of $3.93 billion, a P/E ratio of 25.38, a P/E/G ratio of 1.46 and a beta of 0.27.
CoreSite Realty (NYSE:COR) last issued its quarterly earnings data on Thursday, July 26th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.67). CoreSite Realty had a return on equity of 19.09% and a net margin of 15.23%. The company had revenue of $136.40 million for the quarter, compared to analyst estimates of $132.99 million. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. research analysts expect that CoreSite Realty Corp will post 5.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $4.12 annualized dividend and a dividend yield of 3.60%. CoreSite Realty’s dividend payout ratio is currently 91.15%.
COR has been the topic of several research analyst reports. Zacks Investment Research raised CoreSite Realty from a “sell” rating to a “hold” rating in a research note on Friday, July 27th. Royal Bank of Canada boosted their price target on CoreSite Realty to $123.00 and gave the stock an “average” rating in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Citigroup boosted their price target on CoreSite Realty from $105.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, July 30th. Credit Suisse Group set a $112.00 price target on CoreSite Realty and gave the stock a “hold” rating in a research note on Saturday, July 28th. Finally, BMO Capital Markets initiated coverage on CoreSite Realty in a research note on Tuesday, July 17th. They set a “market perform” rating and a $119.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $119.00.
Several institutional investors have recently modified their holdings of the stock. Profund Advisors LLC raised its holdings in CoreSite Realty by 10.9% in the 1st quarter. Profund Advisors LLC now owns 5,199 shares of the real estate investment trust’s stock valued at $521,000 after acquiring an additional 513 shares during the last quarter. Neuburgh Advisers LLC raised its holdings in CoreSite Realty by 6.3% in the 1st quarter. Neuburgh Advisers LLC now owns 9,146 shares of the real estate investment trust’s stock valued at $917,000 after acquiring an additional 544 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in CoreSite Realty by 2.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 20,798 shares of the real estate investment trust’s stock valued at $2,086,000 after acquiring an additional 556 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in 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 valued at $1,387,000 after acquiring an additional 649 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in CoreSite Realty by 2.9% in the 1st quarter. Bahl & Gaynor Inc. now owns 23,674 shares of the real estate investment trust’s stock valued at $2,373,000 after acquiring an additional 671 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.
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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