CoreSite (NYSE:COR) SVP Derek Mccandless Sells 3,827 Shares

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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.

CoreSite (NYSE:COR) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The business had revenue of $125.95 million for the quarter, compared to analyst estimates of $125.71 million. CoreSite had a net margin of 15.54% and a return on equity of 16.77%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.06 earnings per share. equities analysts anticipate that CoreSite will post 5 EPS for the current year.

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.

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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.

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

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