CoreSite Realty Corp (COR) CRO Sells $418,899.82 in Stock

Share on StockTwits

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.

CoreSite Realty (NYSE:COR) last issued its earnings results on Wednesday, February 6th. The real estate investment trust reported $1.26 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.26. The business had revenue of $139.10 million for the quarter, compared to the consensus estimate of $139.89 million. CoreSite Realty had a net margin of 14.31% and a return on equity of 20.97%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. On average, equities analysts forecast that CoreSite Realty Corp will post 5.27 EPS for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: “CoreSite Realty Corp (COR) CRO Sells $418,899.82 in Stock” was published by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4240242/coresite-realty-corp-cor-cro-sells-418899-82-in-stock.html.

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.

See Also: Net Margin – Understanding the Different Kinds of Profit

Insider Buying and Selling by Quarter for CoreSite Realty (NYSE:COR)

Receive News & Ratings for CoreSite Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Weiss Asset Management LP Purchases Shares of 288,655 Ready Capital Corp
Weiss Asset Management LP Purchases Shares of 288,655 Ready Capital Corp
M Holdings Securities Inc. Invests $1.61 Million in Consolidated Edison, Inc.  Stock
M Holdings Securities Inc. Invests $1.61 Million in Consolidated Edison, Inc. Stock
Micron Technology, Inc.  Holdings Cut by First Dallas Securities Inc.
Micron Technology, Inc. Holdings Cut by First Dallas Securities Inc.
Exxon Mobil Co.  Holdings Lowered by First Dallas Securities Inc.
Exxon Mobil Co. Holdings Lowered by First Dallas Securities Inc.
United Technologies Co.  Shares Bought by M Holdings Securities Inc.
United Technologies Co. Shares Bought by M Holdings Securities Inc.
Insider Buying: Golden Star Resources Ltd.  Senior Officer Acquires 5,000 Shares of Stock
Insider Buying: Golden Star Resources Ltd. Senior Officer Acquires 5,000 Shares of Stock


© 2006-2019 Ticker Report