CoreSite Realty Corp (NYSE:COR) CRO Steven James Smith sold 4,054 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $103.33, for a total transaction of $418,899.82. Following the transaction, the executive now owns 43,254 shares in the company, valued at $4,469,435.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Steven James Smith also recently made the following trade(s):
- On Friday, March 8th, Steven James Smith sold 3,846 shares of CoreSite Realty stock. The shares were sold at an average price of $100.95, for a total transaction of $388,253.70.
- On Monday, March 4th, Steven James Smith sold 1,048 shares of CoreSite Realty stock. The shares were sold at an average price of $101.37, for a total transaction of $106,235.76.
Shares of COR stock opened at $107.14 on Friday. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 1.44 and a beta of 0.74. CoreSite Realty Corp has a one year low of $82.64 and a one year high of $117.82.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $4.40 dividend on an annualized basis and a yield of 4.11%. CoreSite Realty’s dividend payout ratio is currently 86.96%.
Several equities analysts recently commented on the stock. JPMorgan Chase & Co. downgraded shares of CoreSite Realty from a “neutral” rating to an “underweight” rating and set a $95.00 price target on the stock. in a report on Monday, February 11th. Cowen reiterated a “hold” rating and set a $106.00 price target on shares of CoreSite Realty in a report on Sunday, February 10th. Jefferies Financial Group reiterated a “hold” rating and set a $100.00 price target on shares of CoreSite Realty in a report on Friday, February 8th. Zacks Investment Research upgraded shares of CoreSite Realty from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Thursday, January 3rd. Finally, Credit Suisse Group set a $111.00 price target on shares of CoreSite Realty and gave the company a “hold” rating in a report on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $112.00.
A number of hedge funds have recently modified their holdings of COR. Lasalle Investment Management Securities LLC bought a new position in CoreSite Realty in the 4th quarter worth about $53,158,000. Norges Bank bought a new position in CoreSite Realty in the 4th quarter worth about $35,131,000. Capital World Investors bought a new position in CoreSite Realty in the 3rd quarter worth about $40,010,000. Aviva PLC grew its stake in CoreSite Realty by 80.3% in the 3rd quarter. Aviva PLC now owns 720,943 shares of the real estate investment trust’s stock worth $80,126,000 after acquiring an additional 321,008 shares in the last quarter. Finally, Vanguard Group Inc grew its stake in CoreSite Realty by 4.0% in the 3rd quarter. Vanguard Group Inc now owns 5,337,300 shares of the real estate investment trust’s stock worth $593,187,000 after acquiring an additional 204,628 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.
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CoreSite Realty Company Profile
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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