CoreSite Realty Corp (NYSE:COR) SVP Steven James Smith sold 492 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $102.42, for a total transaction of $50,390.64. Following the sale, the senior vice president now owns 36,101 shares in the company, valued at $3,697,464.42. The sale was disclosed in a filing with the SEC, which is available at this link.
Steven James Smith also recently made the following trade(s):
- On Monday, January 29th, Steven James Smith sold 2,261 shares of CoreSite Realty stock. The shares were sold at an average price of $106.72, for a total transaction of $241,293.92.
- On Wednesday, January 31st, Steven James Smith sold 3,151 shares of CoreSite Realty stock. The shares were sold at an average price of $106.52, for a total transaction of $335,644.52.
- On Tuesday, January 2nd, Steven James Smith sold 7,121 shares of CoreSite Realty stock. The shares were sold at an average price of $112.73, for a total transaction of $802,750.33.
CoreSite Realty Corp (NYSE COR) traded down $0.08 during midday trading on Friday, hitting $105.24. 125,929 shares of the stock were exchanged, compared to its average volume of 422,807. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 2.24. CoreSite Realty Corp has a 1 year low of $86.47 and a 1 year high of $120.85. The company has a market capitalization of $3,571.22, a P/E ratio of 23.12, a PEG ratio of 1.23 and a beta of 0.48.
CoreSite Realty (NYSE:COR) last released its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.04. The firm had revenue of $125.95 million for the quarter, compared to the consensus estimate of $125.71 million. CoreSite Realty had a net margin of 15.54% and a return on equity of 16.77%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm earned $1.06 earnings per share. equities research analysts expect that CoreSite Realty Corp will post 5 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be paid a $0.98 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $3.92 annualized dividend and a yield of 3.72%. CoreSite Realty’s dividend payout ratio (DPR) is 213.04%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Zions Bancorporation acquired a new stake in CoreSite Realty in the third quarter valued at approximately $170,000. Financial Gravity Companies Inc. acquired a new stake in shares of CoreSite Realty during the fourth quarter worth $183,000. Intrust Bank NA acquired a new stake in shares of CoreSite Realty during the fourth quarter worth $200,000. Park Avenue Securities LLC acquired a new stake in shares of CoreSite Realty during the third quarter worth $207,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of CoreSite Realty during the fourth quarter worth $208,000. Institutional investors own 99.51% of the company’s stock.
Several analysts have recently issued reports on COR shares. Robert W. Baird set a $126.00 target price on shares of CoreSite Realty and gave the company a “buy” rating in a research report on Saturday, March 10th. Jefferies Group reissued a “buy” rating on shares of CoreSite Realty in a research report on Thursday, February 8th. SunTrust Banks reissued a “buy” rating and issued a $133.00 price objective on shares of CoreSite Realty in a research report on Thursday, December 7th. TheStreet lowered shares of CoreSite Realty from a “b-” rating to a “c+” rating in a research report on Friday, February 9th. Finally, Credit Suisse Group reissued a “hold” rating on shares of CoreSite Realty in a research report on Sunday, February 11th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $112.77.
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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.
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