CoreSite Realty Corp (NYSE:COR) SVP Derek Mccandless sold 3,827 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $97.58, for a total transaction of $373,438.66. Following the completion of the transaction, the senior vice president now directly owns 32,524 shares of the company’s stock, valued at approximately $3,173,691.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Derek Mccandless also recently made the following trade(s):
- On Monday, March 5th, Derek Mccandless sold 1,635 shares of CoreSite Realty stock. The shares were sold at an average price of $91.84, for a total transaction of $150,158.40.
Shares of CoreSite Realty Corp (NYSE:COR) traded up $3.62 during mid-day trading on Monday, reaching $101.81. 620,145 shares of the company traded hands, compared to its average volume of 422,853. CoreSite Realty Corp has a 1 year low of $86.47 and a 1 year high of $120.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $4,720.00, a price-to-earnings ratio of 55.33, a price-to-earnings-growth ratio of 1.16 and a beta of 0.48.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, March 28th. CoreSite Realty’s dividend payout ratio (DPR) is 213.04%.
A number of hedge funds have recently modified their holdings of COR. Atlantic Trust Group LLC acquired a new position in CoreSite Realty during the third quarter worth approximately $35,764,000. BlackRock Inc. increased its position in CoreSite Realty by 6.2% during the fourth quarter. BlackRock Inc. now owns 3,362,411 shares of the real estate investment trust’s stock worth $382,978,000 after purchasing an additional 196,323 shares during the last quarter. Payden & Rygel increased its position in CoreSite Realty by 3,343.6% during the third quarter. Payden & Rygel now owns 134,300 shares of the real estate investment trust’s stock worth $15,028,000 after purchasing an additional 130,400 shares during the last quarter. Land & Buildings Investment Management LLC acquired a new position in CoreSite Realty during the third quarter worth approximately $11,391,000. Finally, Nationwide Fund Advisors increased its position in CoreSite Realty by 193.7% during the third quarter. Nationwide Fund Advisors now owns 150,780 shares of the real estate investment trust’s stock worth $16,872,000 after purchasing an additional 99,437 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on COR. Mitsubishi UFJ Financial Group began coverage on shares of CoreSite Realty in a research report on Wednesday, January 10th. They issued an “overweight” rating and a $124.00 price objective for the company. UBS Group raised shares of CoreSite Realty from a “market perform” rating to an “outperform” rating in a research report on Monday. Raymond James Financial raised shares of CoreSite Realty from a “market perform” rating to an “outperform” rating in a research report on Monday. KeyCorp raised shares of CoreSite Realty from a “sector weight” rating to an “overweight” rating and boosted their price objective for the company from $98.19 to $110.00 in a research report on Monday. Finally, Credit Suisse Group cut their price objective on shares of CoreSite Realty from $111.00 to $107.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target 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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