CoreSite Realty Corporation (NYSE:COR) CEO Paul E. Szurek sold 3,805 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total value of $447,011.40. Following the completion of the transaction, the chief executive officer now owns 93,405 shares in the company, valued at $10,973,219.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of CoreSite Realty Corporation (NYSE:COR) opened at 110.59 on Friday. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 63.63 and a beta of 0.56. The company has a 50-day moving average price of $112.61 and a 200-day moving average price of $101.89. CoreSite Realty Corporation has a 52-week low of $64.81 and a 52-week high of $120.85.

CoreSite Realty Corporation (NYSE:COR) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.02. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The business had revenue of $117.89 million for the quarter, compared to the consensus estimate of $117.32 million. During the same period in the previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, equities analysts anticipate that CoreSite Realty Corporation will post $1.83 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, September 28th. CoreSite Realty Corporation’s dividend payout ratio (DPR) is 206.90%.

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A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in CoreSite Realty Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,510,182 shares of the real estate investment trust’s stock worth $496,191,000 after acquiring an additional 198,067 shares in the last quarter. BlackRock Inc. boosted its holdings in CoreSite Realty Corporation by 143,427.7% in the first quarter. BlackRock Inc. now owns 4,401,994 shares of the real estate investment trust’s stock worth $396,400,000 after acquiring an additional 4,398,927 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in CoreSite Realty Corporation by 2.9% in the second quarter. Wells Fargo & Company MN now owns 1,632,276 shares of the real estate investment trust’s stock worth $168,990,000 after acquiring an additional 45,502 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in CoreSite Realty Corporation by 5.7% in the second quarter. JPMorgan Chase & Co. now owns 876,830 shares of the real estate investment trust’s stock worth $90,778,000 after acquiring an additional 47,340 shares in the last quarter. Finally, State Street Corp boosted its holdings in CoreSite Realty Corporation by 8.3% in the first quarter. State Street Corp now owns 826,392 shares of the real estate investment trust’s stock worth $74,416,000 after acquiring an additional 63,493 shares in the last quarter. 98.47% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on COR shares. Zacks Investment Research cut CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub upgraded CoreSite Realty Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. Royal Bank Of Canada reiterated a “buy” rating on shares of CoreSite Realty Corporation in a report on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $117.00 target price on shares of CoreSite Realty Corporation in a report on Wednesday, June 14th. Finally, KeyCorp reissued a “hold” rating on shares of CoreSite Realty Corporation in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average 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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