CoreSite Realty Corp (NYSE:COR) CAO Mark R. Jones sold 600 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $111.39, for a total transaction of $66,834.00. Following the sale, the chief accounting officer now directly owns 15,882 shares in the company, valued at $1,769,095.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
CoreSite Realty stock traded up $0.87 during midday trading on Friday, reaching $113.94. The company had a trading volume of 1,019 shares, compared to its average volume of 303,333. The firm has a market capitalization of $4.15 billion, a PE ratio of 22.47, a P/E/G ratio of 1.66 and a beta of 0.73. CoreSite Realty Corp has a 12-month low of $82.64 and a 12-month high of $117.82. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 3.95.
CoreSite Realty (NYSE:COR) last issued its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.29 by ($0.04). The company had revenue of $138.90 million during the quarter, compared to analysts’ expectations of $140.06 million. CoreSite Realty had a net margin of 13.96% and a return on equity of 22.25%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.27 earnings per share. On average, sell-side analysts predict that CoreSite Realty Corp will post 5.23 EPS for the current fiscal year.
Several research firms have recently issued reports on COR. Zacks Investment Research lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Stifel Nicolaus set a $105.00 target price on shares of CoreSite Realty and gave the stock a “hold” rating in a research note on Friday, April 26th. Cowen reissued a “hold” rating and set a $106.00 target price on shares of CoreSite Realty in a research note on Sunday, February 10th. JPMorgan Chase & Co. lowered shares of CoreSite Realty from a “neutral” rating to an “underweight” rating and set a $95.00 target price on the stock. in a research note on Monday, February 11th. Finally, Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of CoreSite Realty in a research note on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $109.91.
Institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC lifted its stake in CoreSite Realty by 8.1% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 137,251 shares of the real estate investment trust’s stock valued at $15,254,000 after buying an additional 10,301 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in CoreSite Realty by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 420,091 shares of the real estate investment trust’s stock valued at $46,689,000 after buying an additional 17,414 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its stake in CoreSite Realty by 11.5% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 6,195 shares of the real estate investment trust’s stock valued at $540,000 after buying an additional 639 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in CoreSite Realty in the 4th quarter valued at about $2,308,000. Finally, Landsberg Bennett & Dubbaneh LLC purchased a new position in CoreSite Realty in the 4th quarter valued at about $1,341,000. 94.38% of the stock is currently owned by hedge funds and other institutional investors.
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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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