CoreSite Realty Corp (COR) SVP Brian Warren Sells 1,000 Shares of Stock

CoreSite Realty Corp (NYSE:COR) SVP Brian Warren sold 1,000 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $96.35, for a total value of $96,350.00. Following the sale, the senior vice president now directly owns 25,803 shares of the company’s stock, valued at $2,486,119.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

NYSE COR traded down $0.31 during trading on Thursday, hitting $97.47. 10,074 shares of the company traded hands, compared to its average volume of 498,564. CoreSite Realty Corp has a 12 month low of $88.37 and a 12 month high of $119.59. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market cap of $3.57 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.23 and a beta of 0.55.

CoreSite Realty (NYSE:COR) last posted its earnings results on Thursday, October 25th. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.72). CoreSite Realty had a net margin of 14.91% and a return on equity of 20.18%. The company had revenue of $139.18 million for the quarter, compared to the consensus estimate of $138.10 million. On average, equities analysts expect that CoreSite Realty Corp will post 5.05 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a dividend of $1.03 per share. The ex-dividend date was Thursday, September 27th. This represents a $4.12 annualized dividend and a yield of 4.23%. CoreSite Realty’s dividend payout ratio (DPR) is currently 91.15%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bridgeworth LLC acquired a new stake in shares of CoreSite Realty in the second quarter valued at about $166,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in CoreSite Realty in the 2nd quarter worth approximately $166,000. Capital Advisors Ltd. LLC bought a new position in CoreSite Realty in the 3rd quarter worth approximately $169,000. Zions Bancorporation bought a new position in CoreSite Realty in the 2nd quarter worth approximately $180,000. Finally, Oakbrook Investments LLC bought a new position in CoreSite Realty in the 2nd quarter worth approximately $202,000. Institutional investors own 90.78% of the company’s stock.

COR has been the subject of a number of research analyst reports. Guggenheim restated a “hold” rating and issued a $110.00 target price on shares of CoreSite Realty in a report on Friday, July 20th. Stifel Nicolaus initiated coverage on CoreSite Realty in a report on Tuesday, July 17th. They set a “hold” rating and a $115.00 price objective for the company. TheStreet lowered CoreSite Realty from a “b-” rating to a “c” rating in a report on Thursday, October 25th. BMO Capital Markets cut their price objective on CoreSite Realty from $119.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, July 27th. Finally, Citigroup set a $104.00 price objective on CoreSite Realty and gave the stock a “hold” rating in a report on Monday. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $119.15.

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CoreSite Realty Company Profile

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.

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