CoreSite Realty Corp (NYSE:COR) CFO Jeffrey S. Finnin sold 5,848 shares of CoreSite Realty stock in a transaction on Friday, March 9th. The stock was sold at an average price of $97.50, for a total transaction of $570,180.00. Following the transaction, the chief financial officer now directly owns 78,149 shares of the company’s stock, valued at approximately $7,619,527.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of CoreSite Realty Corp (NYSE COR) opened at $103.90 on Wednesday. CoreSite Realty Corp has a 52 week low of $86.47 and a 52 week high of $120.85. 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 firm has a market cap of $5,180.00, a price-to-earnings ratio of 56.47, a price-to-earnings-growth ratio of 1.16 and a beta of 0.48.

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CoreSite Realty (NYSE:COR) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. CoreSite Realty had a net margin of 15.54% and a return on equity of 16.77%. The firm had revenue of $125.95 million during the quarter, compared to the consensus estimate of $125.71 million. During the same period in the previous year, the firm posted $1.06 earnings per share. The business’s revenue was up 14.0% compared to the same quarter last year. equities research analysts predict that CoreSite Realty Corp will post 5 EPS for the current year.

The business also recently declared 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. This represents a $3.92 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, March 28th. CoreSite Realty’s dividend payout ratio (DPR) is currently 213.04%.

A number of equities analysts recently weighed in on COR shares. Jefferies Group reissued a “buy” rating on shares of CoreSite Realty in a research note on Thursday, February 8th. SunTrust Banks reissued a “buy” rating and set a $121.00 target price on shares of CoreSite Realty in a research note on Friday, November 17th. Royal Bank of Canada reissued an “outperform” rating and set a $113.00 target price on shares of CoreSite Realty in a research note on Monday, February 12th. Robert W. Baird lowered their target price on shares of CoreSite Realty from $129.00 to $126.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. Finally, Citigroup lowered their target price on shares of CoreSite Realty from $115.00 to $105.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. CoreSite Realty has an average rating of “Buy” and a consensus price target of $112.77.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its stake in CoreSite Realty by 6.2% in 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 purchasing an additional 196,323 shares in the last quarter. Wells Fargo & Company MN increased its stake in CoreSite Realty by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,768,110 shares of the real estate investment trust’s stock valued at $201,387,000 after purchasing an additional 65,560 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in CoreSite Realty by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 499,857 shares of the real estate investment trust’s stock valued at $55,932,000 after purchasing an additional 22,342 shares in the last quarter. Franklin Resources Inc. increased its stake in CoreSite Realty by 2.7% in the fourth quarter. Franklin Resources Inc. now owns 465,515 shares of the real estate investment trust’s stock valued at $53,022,000 after purchasing an additional 12,345 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of CoreSite Realty by 16.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 343,317 shares of the real estate investment trust’s stock valued at $39,103,000 after buying an additional 49,687 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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