CoreSite Realty Corporation (NYSE:COR) CFO Jeffrey S. Finnin sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $109.39, for a total transaction of $875,120.00. Following the transaction, the chief financial officer now owns 98,562 shares of the company’s stock, valued at approximately $10,781,697.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

CoreSite Realty Corporation (NYSE:COR) traded up $4.35 on Friday, reaching $112.60. 332,447 shares of the company’s stock were exchanged, compared to its average volume of 378,542. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 25.24 and a beta of 0.43.

CoreSite Realty Corporation (NYSE:COR) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.64). CoreSite Realty Corporation had a return on equity of 15.35% and a net margin of 15.21%. The business had revenue of $123.07 million for the quarter, compared to analyst estimates of $121.27 million. During the same period in the prior year, the firm posted $0.90 EPS. CoreSite Realty Corporation’s revenue was up 21.5% on a year-over-year basis. research analysts predict that CoreSite Realty Corporation will post 4.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Thursday, September 28th. CoreSite Realty Corporation’s dividend payout ratio is presently 195.65%.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in COR. Penserra Capital Management LLC acquired a new stake in CoreSite Realty Corporation during the 2nd quarter worth $103,000. US Bancorp DE grew its holdings in shares of CoreSite Realty Corporation by 6.7% in the 2nd quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 75 shares during the period. LS Investment Advisors LLC grew its holdings in shares of CoreSite Realty Corporation by 4.6% in the 2nd quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 56 shares during the period. IFP Advisors Inc grew its holdings in shares of CoreSite Realty Corporation by 14.6% in the 2nd quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 174 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of CoreSite Realty Corporation by 115.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 783 shares during the period. 98.29% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have commented on the stock. BidaskClub upgraded shares of CoreSite Realty Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. KeyCorp reiterated a “hold” rating on shares of CoreSite Realty Corporation in a research note on Tuesday, September 12th. Cowen and Company reiterated a “buy” rating and issued a $111.00 target price on shares of CoreSite Realty Corporation in a research note on Thursday, October 19th. Zacks Investment Research cut shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, William Blair began coverage on shares of CoreSite Realty Corporation in a research note on Friday, September 22nd. They issued an “outperform” rating for the company. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $107.20.

About CoreSite Realty Corporation

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.

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

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