CoreSite Realty Corp (NYSE:COR) SVP Derek Mccandless sold 3,827 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $97.58, for a total value of $373,438.66. Following the completion of the sale, the senior vice president now directly owns 32,524 shares in the company, valued at approximately $3,173,691.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Derek Mccandless also recently made the following trade(s):
- On Monday, March 5th, Derek Mccandless sold 1,635 shares of CoreSite Realty stock. The stock was sold at an average price of $91.84, for a total value of $150,158.40.
CoreSite Realty Corp (COR) opened at $101.81 on Tuesday. 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 stock has a market capitalization of $3,362.33, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.16 and a beta of 0.48. CoreSite Realty Corp has a 1-year low of $86.47 and a 1-year high of $120.85.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.85%. CoreSite Realty’s dividend payout ratio is 213.04%.
Several hedge funds have recently modified their holdings of COR. Atlantic Trust Group LLC purchased a new position in shares of CoreSite Realty during the third quarter valued at $35,764,000. BlackRock Inc. grew its holdings in shares of 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 valued at $382,978,000 after buying an additional 196,323 shares in the last quarter. Payden & Rygel grew its holdings in shares of 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 valued at $15,028,000 after buying an additional 130,400 shares in the last quarter. Land & Buildings Investment Management LLC purchased a new position in shares of CoreSite Realty during the third quarter valued at $11,391,000. Finally, Nationwide Fund Advisors grew its holdings in shares of 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 valued at $16,872,000 after buying an additional 99,437 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.
COR has been the topic of a number of research reports. Robert W. Baird set a $126.00 price objective on CoreSite Realty and gave the stock a “buy” rating in a research note on Saturday. Jefferies Group restated a “buy” rating on shares of CoreSite Realty in a report on Thursday, February 8th. SunTrust Banks restated a “buy” rating and issued a $133.00 target price on shares of CoreSite Realty in a report on Thursday, December 7th. TheStreet cut CoreSite Realty from a “b-” rating to a “c+” rating in a report on Friday, February 9th. Finally, Credit Suisse Group restated a “hold” rating on shares of CoreSite Realty in a report on Sunday, February 11th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price 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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