CoreSite Realty Corp (NYSE:COR) CFO Jeffrey S. Finnin sold 5,848 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $97.50, for a total value of $570,180.00. Following the transaction, the chief financial officer now directly owns 78,149 shares of the company’s stock, valued at approximately $7,619,527.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of CoreSite Realty Corp (COR) traded up $3.62 during trading hours on Monday, hitting $101.81. The stock had a trading volume of 620,145 shares, compared to its average volume of 422,853. CoreSite Realty Corp has a 12-month low of $86.47 and a 12-month high of $120.85. The company has a market cap of $4,720.00, a price-to-earnings ratio of 55.33, a P/E/G ratio of 1.16 and a beta of 0.48. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.27 and a quick ratio of 0.27.
CoreSite Realty (NYSE:COR) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. The firm had revenue of $125.95 million during the quarter, compared to analyst estimates of $125.71 million. During the same quarter in the prior year, the company earned $1.06 EPS. The business’s revenue was up 14.0% compared to the same quarter last year. analysts forecast that CoreSite Realty Corp will post 5 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Zions Bancorporation bought a new position in shares of CoreSite Realty in the 3rd quarter worth approximately $170,000. Financial Gravity Companies Inc. bought a new position in shares of CoreSite Realty in the 4th quarter worth approximately $183,000. Intrust Bank NA bought a new position in shares of CoreSite Realty in the 4th quarter worth approximately $200,000. Park Avenue Securities LLC bought a new position in shares of CoreSite Realty in the 3rd quarter worth approximately $207,000. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of CoreSite Realty in the 4th quarter worth approximately $208,000. 99.51% of the stock is owned by hedge funds and other institutional investors.
COR has been the subject of a number of recent analyst reports. Jefferies Group reaffirmed a “buy” rating on shares of CoreSite Realty in a research report on Thursday, February 8th. SunTrust Banks reaffirmed a “buy” rating and set a $121.00 price target on shares of CoreSite Realty in a research report on Friday, November 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $113.00 price target on shares of CoreSite Realty in a research report on Monday, February 12th. Robert W. Baird lowered their price target on CoreSite Realty from $129.00 to $126.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. Finally, Citigroup lowered their price target on CoreSite Realty from $115.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. CoreSite Realty currently has a consensus rating of “Buy” and a consensus target price of $112.77.
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.
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