CoreSite Realty Corp (NYSE:COR) insider Maile Kaiser sold 241 shares of CoreSite Realty stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $102.92, for a total value of $24,803.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Maile Kaiser also recently made the following trade(s):

  • On Tuesday, March 5th, Maile Kaiser sold 501 shares of CoreSite Realty stock. The shares were sold at an average price of $101.73, for a total value of $50,966.73.

NYSE:COR traded up $0.27 during trading hours on Thursday, reaching $103.40. 360,430 shares of the company traded hands, compared to its average volume of 340,088. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 1.41 and a beta of 0.74. CoreSite Realty Corp has a 1 year low of $82.64 and a 1 year high of $117.82. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 3.38.

CoreSite Realty (NYSE:COR) last announced its quarterly earnings data on Wednesday, February 6th. The real estate investment trust reported $1.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.26. The business had revenue of $139.10 million during the quarter, compared to analysts’ expectations of $139.89 million. CoreSite Realty had a return on equity of 20.97% and a net margin of 14.31%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 earnings per share. As a group, equities research analysts predict that CoreSite Realty Corp will post 5.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Thursday, March 28th. CoreSite Realty’s dividend payout ratio is currently 86.96%.

Several hedge funds have recently bought and sold shares of COR. Bank of New York Mellon Corp raised its stake in shares of CoreSite Realty by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 402,677 shares of the real estate investment trust’s stock worth $44,624,000 after purchasing an additional 5,499 shares during the last quarter. First Trust Advisors LP raised its stake in shares of CoreSite Realty by 1,667.0% in the third quarter. First Trust Advisors LP now owns 74,622 shares of the real estate investment trust’s stock worth $8,293,000 after purchasing an additional 70,399 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of CoreSite Realty by 10.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 44,033 shares of the real estate investment trust’s stock worth $4,894,000 after purchasing an additional 4,003 shares during the last quarter. US Bancorp DE raised its stake in shares of CoreSite Realty by 60.1% in the third quarter. US Bancorp DE now owns 2,358 shares of the real estate investment trust’s stock worth $263,000 after purchasing an additional 885 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of CoreSite Realty by 39.7% in the third quarter. Private Advisor Group LLC now owns 6,354 shares of the real estate investment trust’s stock worth $706,000 after purchasing an additional 1,806 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lowered CoreSite Realty from a “neutral” rating to an “underweight” rating and set a $95.00 price target on the stock. in a research report on Monday, February 11th. Cowen restated a “hold” rating and set a $106.00 price target on shares of CoreSite Realty in a research report on Sunday, February 10th. Jefferies Financial Group reiterated a “hold” rating and set a $100.00 price objective on shares of CoreSite Realty in a research note on Friday, February 8th. Zacks Investment Research upgraded CoreSite Realty from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Thursday, January 3rd. Finally, Credit Suisse Group set a $111.00 price objective on CoreSite Realty and gave the company a “hold” rating in a research note on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $112.00.

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About CoreSite Realty

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.

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