CoreSite (NYSE:COR) SVP Derek Mccandless sold 3,827 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $97.58, for a total transaction of $373,438.66. Following the transaction, the senior vice president now directly owns 32,524 shares of the company’s stock, valued at $3,173,691.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Derek Mccandless also recently made the following trade(s):
- On Monday, March 5th, Derek Mccandless sold 1,635 shares of CoreSite stock. The stock was sold at an average price of $91.84, for a total transaction of $150,158.40.
Shares of COR opened at $102.29 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 2.24. CoreSite has a twelve month low of $89.76 and a twelve month high of $120.85. The stock has a market cap of $3,526.36, a price-to-earnings ratio of 22.63, a P/E/G ratio of 1.21 and a beta of 0.39.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be given a $0.98 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.92 annualized dividend and a dividend yield of 3.83%. CoreSite’s dividend payout ratio is presently 86.73%.
Several research analysts recently issued reports on COR shares. Raymond James Financial raised shares of CoreSite from a “market perform” rating to an “outperform” rating in a report on Monday, March 12th. UBS raised shares of CoreSite from a “market perform” rating to an “outperform” rating in a report on Monday, March 12th. Citigroup cut their price target on shares of CoreSite from $115.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Jefferies Group reissued a “buy” rating on shares of CoreSite in a report on Thursday, February 8th. Finally, KeyCorp upgraded shares of CoreSite from a “sector weight” rating to an “overweight” rating and upped their target price for the stock from $98.19 to $110.00 in a research report on Monday, March 12th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $112.77.
Hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of CoreSite by 41.2% in the fourth quarter. US Bancorp DE now owns 2,257 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 658 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of CoreSite in the third quarter valued at approximately $9,571,000. Copper Rock Capital Partners LLC grew its position in shares of CoreSite by 47.7% in the fourth quarter. Copper Rock Capital Partners LLC now owns 72,787 shares of the real estate investment trust’s stock valued at $8,315,000 after purchasing an additional 23,491 shares during the last quarter. Eagle Asset Management Inc. grew its position in shares of CoreSite by 4.4% in the third quarter. Eagle Asset Management Inc. now owns 66,444 shares of the real estate investment trust’s stock valued at $7,428,000 after purchasing an additional 2,771 shares during the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in shares of CoreSite in the third quarter valued at approximately $630,000. Institutional investors and hedge funds own 99.40% of the company’s stock.
CoreSite 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.
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