CoreSite Realty Corp (COR) Insider Acquires $13,330.00 in Stock

CoreSite Realty Corp (NYSE:COR) insider Kenneth C. Mcnaughton acquired 43,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were bought at an average cost of $0.31 per share, for a total transaction of $13,330.00.

CoreSite Realty Corp (COR) opened at $96.26 on Friday. The company has a market capitalization of $3,296.23, a price-to-earnings ratio of 52.32, a P/E/G ratio of 1.13 and a beta of 0.33. The company has a quick ratio of 0.29, a current ratio of 0.27 and a debt-to-equity ratio of 2.24. CoreSite Realty Corp has a twelve month low of $85.57 and a twelve month high of $120.85.

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

A number of research firms have recently weighed in on COR. ValuEngine raised CoreSite Realty from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. SunTrust Banks reaffirmed a “buy” rating and set a $121.00 price objective on shares of CoreSite Realty in a research report on Friday, November 17th. Mitsubishi UFJ Financial Group began coverage on CoreSite Realty in a research report on Wednesday, January 10th. They set an “overweight” rating and a $124.00 price objective on the stock. Zacks Investment Research lowered CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Credit Suisse Group set a $111.00 price objective on CoreSite Realty and gave the stock a “hold” rating in a research report on Friday, October 27th. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $113.00.

Large investors have recently bought and sold shares of the stock. Zions Bancorporation purchased a new position in CoreSite Realty in the third quarter valued at $170,000. Financial Gravity Companies Inc. purchased a new position in CoreSite Realty in the fourth quarter valued at $183,000. Intrust Bank NA purchased a new position in CoreSite Realty in the fourth quarter valued at $200,000. Park Avenue Securities LLC purchased a new position in CoreSite Realty in the third quarter valued at $207,000. Finally, Jaffetilchin Investment Partners LLC purchased a new position in CoreSite Realty in the fourth quarter valued at $208,000. 97.35% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/02/18/coresite-realty-corp-cor-insider-acquires-13330-00-in-stock-2.html.

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)

Receive News & Ratings for CoreSite Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply