CoreSite Realty Corporation (NYSE:COR) SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total transaction of $1,107,400.00. Following the transaction, the senior vice president now owns 48,913 shares in the company, valued at approximately $5,416,625.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Derek Mccandless also recently made the following trade(s):

  • On Thursday, June 1st, Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock. The shares were sold at an average price of $105.48, for a total transaction of $1,054,800.00.

Shares of CoreSite Realty Corporation (NYSE COR) opened at 108.02 on Friday. The company’s 50-day moving average is $106.14 and its 200 day moving average is $96.11. CoreSite Realty Corporation has a 1-year low of $64.81 and a 1-year high of $113.55. The stock has a market cap of $3.70 billion, a P/E ratio of 62.15 and a beta of 0.57.

CoreSite Realty Corporation (NYSE:COR) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.02. The business had revenue of $117.89 million during the quarter, compared to the consensus estimate of $117.32 million. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. CoreSite Realty Corporation’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS. Equities research analysts anticipate that CoreSite Realty Corporation will post $1.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a dividend of $0.90 per share. This is an increase from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Wednesday, June 28th. CoreSite Realty Corporation’s dividend payout ratio is currently 206.90%.

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A number of hedge funds have recently modified their holdings of the stock. IFP Advisors Inc increased its stake in shares of CoreSite Realty Corporation by 203.8% in the first quarter. IFP Advisors Inc now owns 1,188 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 797 shares during the period. US Bancorp DE increased its stake in shares of CoreSite Realty Corporation by 6.7% in the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 75 shares during the period. LS Investment Advisors LLC increased its stake in shares of CoreSite Realty Corporation by 4.6% in the second quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 56 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of CoreSite Realty Corporation by 115.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 783 shares during the period. Finally, Creative Planning increased its stake in shares of CoreSite Realty Corporation by 129.2% in the first quarter. Creative Planning now owns 2,292 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 1,292 shares during the period.

Several research firms recently weighed in on COR. BidaskClub upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 target price on the stock in a report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and set a $119.00 target price on shares of CoreSite Realty Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CoreSite Realty Corporation in a research note on Tuesday, July 18th. Finally, Macquarie reaffirmed a “hold” rating and set a $84.00 price target on shares of CoreSite Realty Corporation in a research note on Tuesday, July 4th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $98.00.

CoreSite Realty Corporation 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.

Insider Buying and Selling by Quarter for CoreSite Realty Corporation (NYSE:COR)

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