CoreSite Realty Corporation (NYSE:COR) SVP Derek Mccandless sold 5,000 shares of CoreSite Realty Corporation stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $109.37, for a total transaction of $546,850.00. Following the completion of the transaction, the senior vice president now directly owns 36,613 shares in the company, valued at approximately $4,004,363.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of CoreSite Realty Corporation (COR) traded up $4.35 during mid-day trading on Friday, hitting $112.60. 332,447 shares of the stock were exchanged, compared to its average volume of 378,542. The firm has a market capitalization of $3.79 billion, a P/E ratio of 25.24 and a beta of 0.43.

CoreSite Realty Corporation (NYSE:COR) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.64). The business had revenue of $123.07 million during the quarter, compared to the consensus estimate of $121.27 million. CoreSite Realty Corporation had a return on equity of 15.35% and a net margin of 15.21%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. sell-side analysts forecast that CoreSite Realty Corporation will post 4.48 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend 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 research analysts have weighed in on the stock. BidaskClub lowered shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Credit Suisse Group set a $111.00 price target on shares of CoreSite Realty Corporation and gave the company a “hold” rating in a research note on Friday, October 27th. J P Morgan Chase & Co assumed coverage on shares of CoreSite Realty Corporation in a research note on Monday, September 25th. They issued a “neutral” rating and a $118.00 price target on the stock. Zacks Investment Research raised shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Wednesday, September 27th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $111.00 price target on shares of CoreSite Realty Corporation in a research note on Thursday, October 19th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $107.20.

Hedge funds have recently made changes to their positions in the company. Penserra Capital Management LLC bought a new stake in shares of CoreSite Realty Corporation in the second quarter worth $103,000. US Bancorp DE lifted its position in shares of CoreSite Realty Corporation by 6.7% in the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 75 shares in the last quarter. LS Investment Advisors LLC increased its holdings in CoreSite Realty Corporation by 4.6% during the second quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 56 shares during the last quarter. IFP Advisors Inc increased its holdings in CoreSite Realty Corporation by 14.6% during the second quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 174 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in CoreSite Realty Corporation by 115.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 783 shares during the last quarter. 98.29% of the stock is currently owned by institutional investors and hedge funds.

CoreSite Realty Corporation Company Profile

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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