CoreSite Realty Corp (NYSE:COR) SVP Steven James Smith sold 7,121 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $112.73, for a total transaction of $802,750.33. Following the completion of the transaction, the senior vice president now owns 48,137 shares of the company’s stock, valued at approximately $5,426,484.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

CoreSite Realty Corp (NYSE:COR) traded up $0.28 during trading on Thursday, hitting $111.57. 336,721 shares of the stock traded hands, compared to its average volume of 348,829. The stock has a market cap of $5,360.00, a PE ratio of 60.64, a P/E/G ratio of 1.32 and a beta of 0.44. CoreSite Realty Corp has a 1-year low of $80.78 and a 1-year high of $120.85. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80.

CoreSite Realty (NYSE:COR) last released its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.64). CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. The firm had revenue of $123.07 million for the quarter, compared to analysts’ expectations of $121.27 million. During the same period last year, the firm posted $0.90 earnings per share. CoreSite Realty’s revenue for the quarter was up 21.5% on a year-over-year basis. sell-side analysts expect that CoreSite Realty Corp will post 4.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.98 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from CoreSite Realty’s previous quarterly dividend of $0.90. This represents a $3.92 dividend on an annualized basis and a yield of 3.51%. CoreSite Realty’s payout ratio is 213.04%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zions Bancorporation purchased a new stake in CoreSite Realty in the third quarter valued at $170,000. Schroder Investment Management Group purchased a new stake in CoreSite Realty in the second quarter valued at $188,000. Park Avenue Securities LLC purchased a new stake in CoreSite Realty in the third quarter valued at $207,000. FDx Advisors Inc. purchased a new stake in CoreSite Realty in the third quarter valued at $209,000. Finally, Oakbrook Investments LLC purchased a new stake in CoreSite Realty in the third quarter valued at $210,000. 97.74% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. SunTrust Banks restated a “buy” rating and issued a $133.00 price target on shares of CoreSite Realty in a research note on Thursday, December 7th. ValuEngine cut shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Credit Suisse Group set a $111.00 price objective on shares of CoreSite Realty and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Citigroup lifted their price objective on shares of CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $109.55.

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CoreSite Realty 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 (NYSE:COR)

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