CoreSite Realty Corp (NYSE:COR) CEO Paul E. Szurek sold 2,610 shares of CoreSite Realty stock in a transaction on Monday, March 12th. The shares were sold at an average price of $101.91, for a total value of $265,985.10. Following the completion of the transaction, the chief executive officer now owns 89,560 shares in the company, valued at approximately $9,127,059.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
CoreSite Realty Corp (NYSE COR) opened at $106.23 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.27 and a quick ratio of 0.27. CoreSite Realty Corp has a 52-week low of $86.47 and a 52-week high of $120.85. The company has a market capitalization of $3,606.49, a PE ratio of 23.35, a price-to-earnings-growth ratio of 1.24 and a beta of 0.48.
CoreSite Realty (NYSE:COR) last released its quarterly earnings data 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. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. The company had revenue of $125.95 million for the quarter, compared to analyst estimates of $125.71 million. During the same period last year, the company posted $1.06 earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. equities research analysts anticipate that CoreSite Realty Corp will post 5 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be given a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 3.69%. The ex-dividend date is Wednesday, March 28th. CoreSite Realty’s dividend payout ratio (DPR) is presently 213.04%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its position in shares of CoreSite Realty by 14.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the real estate investment trust’s stock worth $444,000 after acquiring an additional 500 shares during the last quarter. Eaton Vance Management increased its position in shares of CoreSite Realty by 8.4% during the fourth quarter. Eaton Vance Management now owns 6,925 shares of the real estate investment trust’s stock worth $789,000 after acquiring an additional 537 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CoreSite Realty by 43.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,960 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 596 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of CoreSite Realty by 7.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,407 shares of the real estate investment trust’s stock worth $1,053,000 after acquiring an additional 616 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of CoreSite Realty by 41.2% during the fourth quarter. US Bancorp DE now owns 2,257 shares of the real estate investment trust’s stock worth $257,000 after acquiring an additional 658 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on COR. Raymond James Financial upgraded CoreSite Realty from a “market perform” rating to an “outperform” rating in a report on Monday, March 12th. UBS upgraded CoreSite Realty from a “market perform” rating to an “outperform” rating in a report on Monday, March 12th. Robert W. Baird set a $126.00 target price on CoreSite Realty and gave the company a “buy” rating in a report on Saturday, March 10th. KeyCorp upgraded CoreSite Realty from a “sector weight” rating to an “overweight” rating and lifted their target price for the company from $98.19 to $110.00 in a report on Monday, March 12th. Finally, Jefferies Group reiterated a “buy” rating on shares of CoreSite Realty in a report on Thursday, February 8th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $112.77.
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About CoreSite Realty
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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