CoreSite Realty Corp (COR) Insider Purchases $16,000.00 in Stock

CoreSite Realty Corp (NYSE:COR) insider Kenneth C. Mcnaughton bought 50,000 shares of the stock in a transaction dated Friday, January 12th. The stock was acquired at an average price of $0.32 per share, with a total value of $16,000.00.

Shares of CoreSite Realty Corp (NYSE COR) traded up $0.80 during mid-day trading on Friday, reaching $107.59. The company had a trading volume of 362,700 shares, compared to its average volume of 376,442. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $5,170.00, a price-to-earnings ratio of 58.47, a price-to-earnings-growth ratio of 1.25 and a beta of 0.44. CoreSite Realty Corp has a 1 year low of $83.82 and a 1 year high of $120.85.

CoreSite Realty (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 firm had revenue of $123.07 million during the quarter, compared to analyst estimates of $121.27 million. CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. CoreSite Realty’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 earnings per share. analysts expect that CoreSite Realty Corp will post 4.48 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 3.64%. This is a positive change from CoreSite Realty’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, December 28th. CoreSite Realty’s dividend payout ratio (DPR) is presently 213.04%.

A number of hedge funds have recently made changes to their positions in COR. Profund Advisors LLC boosted its holdings in CoreSite Realty by 0.6% during the second quarter. Profund Advisors LLC now owns 7,163 shares of the real estate investment trust’s stock worth $742,000 after buying an additional 45 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in CoreSite Realty by 1.8% during the second quarter. Pinebridge Investments L.P. now owns 4,505 shares of the real estate investment trust’s stock worth $467,000 after buying an additional 80 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in CoreSite Realty by 2.5% during the second quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 104 shares during the last quarter. Global Endowment Management LP boosted its holdings in CoreSite Realty by 1.3% during the second quarter. Global Endowment Management LP now owns 31,990 shares of the real estate investment trust’s stock worth $3,312,000 after buying an additional 410 shares during the last quarter. Finally, Whittier Trust Co. boosted its holdings in CoreSite Realty by 1.4% during the third quarter. Whittier Trust Co. now owns 38,953 shares of the real estate investment trust’s stock worth $4,359,000 after buying an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 98.02% of the company’s stock.

A number of brokerages have recently weighed in on COR. JPMorgan Chase & Co. began coverage on CoreSite Realty in a research note on Monday, September 25th. They issued a “neutral” rating and a $118.00 target price for the company. Credit Suisse Group set a $111.00 target price on CoreSite Realty and gave the company a “hold” rating in a research note on Wednesday. Zacks Investment Research upgraded CoreSite Realty from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Wednesday, September 27th. Mitsubishi UFJ Financial Group began coverage on CoreSite Realty in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $124.00 target price for the company. Finally, William Blair started coverage on CoreSite Realty in a research note on Friday, September 22nd. They issued an “outperform” rating for the company. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $110.75.

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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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