Jeffrey S. Finnin Sells 5,848 Shares of CoreSite Realty Corp (COR) Stock
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.
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.
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.
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