CoreSite Realty Corporation (NYSE:COR) CFO Jeffrey S. Finnin sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $109.39, for a total transaction of $875,120.00. Following the completion of the sale, the chief financial officer now owns 98,562 shares in the company, valued at $10,781,697.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of CoreSite Realty Corporation (NYSE:COR) opened at $112.60 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.46 and a current ratio of 0.29. The company has a market cap of $3,855.65, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 1.52 and a beta of 0.43. CoreSite Realty Corporation has a fifty-two week low of $64.81 and a fifty-two week high of $120.85.

CoreSite Realty Corporation (NYSE:COR) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.64). The company had revenue of $123.07 million for the quarter, compared to analyst estimates of $121.27 million. CoreSite Realty Corporation had a return on equity of 15.35% and a net margin of 15.21%. The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the business posted $0.90 earnings per share. equities analysts anticipate that CoreSite Realty Corporation will post 4.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, September 28th. This represents a $3.60 annualized dividend and a yield of 3.20%. CoreSite Realty Corporation’s dividend payout ratio (DPR) is currently 195.65%.

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A number of hedge funds have recently made changes to their positions in COR. Penserra Capital Management LLC acquired a new stake in CoreSite Realty Corporation during the 2nd quarter worth approximately $103,000. US Bancorp DE raised its holdings in shares of CoreSite Realty Corporation by 6.7% in the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 75 shares during the last quarter. LS Investment Advisors LLC raised its holdings in shares of CoreSite Realty Corporation by 4.6% in the second quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 56 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of CoreSite Realty Corporation by 14.6% in the second quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 174 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of CoreSite Realty Corporation by 115.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 783 shares during the last quarter. Hedge funds and other institutional investors own 98.29% of the company’s stock.

A number of analysts recently weighed in on the stock. BidaskClub downgraded shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Credit Suisse Group set a $111.00 price target on shares of CoreSite Realty Corporation and gave the company a “hold” rating in a research report on Friday, October 27th. J P Morgan Chase & Co assumed coverage on shares of CoreSite Realty Corporation in a research report on Monday, September 25th. They issued a “neutral” rating and a $118.00 price target on the stock. Zacks Investment Research upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Wednesday, September 27th. Finally, Cowen and Company reiterated a “buy” rating and issued a $111.00 price target on shares of CoreSite Realty Corporation in a research report on Thursday, October 19th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. CoreSite Realty Corporation currently has an average rating of “Buy” and a consensus price target of $107.20.

CoreSite Realty Corporation 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 Corporation (NYSE:COR)

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