CoreSite Realty Corp (NYSE:COR) SVP Brian Warren sold 10,931 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $118.59, for a total transaction of $1,296,307.29. Following the completion of the sale, the senior vice president now directly owns 26,945 shares in the company, valued at approximately $3,195,407.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of NYSE:COR traded down $1.54 on Thursday, hitting $116.27. The stock had a trading volume of 599 shares, compared to its average volume of 256,206. CoreSite Realty Corp has a twelve month low of $82.64 and a twelve month high of $123.68. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.18 and a current ratio of 0.16. The firm’s 50 day moving average price is $119.49 and its 200-day moving average price is $115.49. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 1.78 and a beta of 0.45.
CoreSite Realty (NYSE:COR) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.78). The company had revenue of $144.90 million for the quarter, compared to analyst estimates of $145.19 million. CoreSite Realty had a return on equity of 26.30% and a net margin of 13.48%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $1.25 EPS. As a group, sell-side analysts predict that CoreSite Realty Corp will post 5.11 EPS for the current year.
The business also recently declared a — dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.22 per share. The ex-dividend date was Friday, September 27th. This represents a yield of 4.1%. CoreSite Realty’s dividend payout ratio (DPR) is 96.44%.
Several equities research analysts have issued reports on COR shares. ValuEngine lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Stifel Nicolaus set a $110.00 price target on shares of CoreSite Realty and gave the company a “hold” rating in a report on Friday, July 26th. Guggenheim set a $119.00 price target on shares of CoreSite Realty and gave the company a “hold” rating in a report on Thursday, September 12th. Zacks Investment Research lowered shares of CoreSite Realty from a “hold” rating to a “sell” rating in a report on Tuesday, October 15th. Finally, Wells Fargo & Co boosted their price target on shares of CoreSite Realty from $105.00 to $120.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. CoreSite Realty currently has an average rating of “Hold” and a consensus target price of $112.20.
A number of hedge funds and other institutional investors have recently modified their holdings of COR. Knuff & Co LLC acquired a new position in CoreSite Realty during the 3rd quarter worth about $31,000. NEXT Financial Group Inc acquired a new position in CoreSite Realty during the 3rd quarter worth about $36,000. Steward Partners Investment Advisory LLC acquired a new position in CoreSite Realty during the 2nd quarter worth about $51,000. Usca Ria LLC acquired a new position in CoreSite Realty during the 3rd quarter worth about $61,000. Finally, Quest Capital Management Inc. ADV acquired a new position in CoreSite Realty during the 3rd quarter worth about $65,000. Institutional investors and hedge funds own 93.00% of the company’s stock.
About CoreSite Realty
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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