CoreSite Realty Corporation (NYSE:COR) SVP Derek Mccandless sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total value of $1,107,400.00. Following the transaction, the senior vice president now owns 48,913 shares in the company, valued at $5,416,625.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Derek Mccandless also recently made the following trade(s):

  • On Thursday, June 1st, Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock. The shares were sold at an average price of $105.48, for a total value of $1,054,800.00.

CoreSite Realty Corporation (NYSE:COR) traded down 1.29% during trading on Thursday, hitting $109.06. The stock had a trading volume of 345,692 shares. The stock has a 50 day moving average price of $106.14 and a 200 day moving average price of $96.11. CoreSite Realty Corporation has a 12-month low of $64.81 and a 12-month high of $113.55. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 62.68 and a beta of 0.57.

CoreSite Realty Corporation (NYSE:COR) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The firm had revenue of $117.89 million during the quarter, compared to analysts’ expectations of $117.32 million. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. Equities research analysts forecast that CoreSite Realty Corporation will post $1.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.90 per share. This is a boost from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. The ex-dividend date was Wednesday, June 28th. This represents a $3.60 dividend on an annualized basis and a yield of 3.30%. CoreSite Realty Corporation’s dividend payout ratio (DPR) is presently 206.90%.

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Several equities analysts have weighed in on the company. Credit Suisse Group assumed coverage on CoreSite Realty Corporation in a report on Friday, June 30th. They set a “neutral” rating and a $103.00 target price on the stock. BidaskClub lowered CoreSite Realty Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 28th. Zacks Investment Research upgraded CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 target price on the stock in a report on Monday. Wells Fargo & Company assumed coverage on CoreSite Realty Corporation in a report on Wednesday, May 17th. They set a “market perform” rating and a $94.00 target price on the stock. Finally, Jefferies Group LLC restated a “buy” rating and set a $119.00 target price on shares of CoreSite Realty Corporation in a report on Tuesday, July 25th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. CoreSite Realty Corporation presently has an average rating of “Hold” and an average price target of $98.00.

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in CoreSite Realty Corporation during the fourth quarter worth about $26,679,000. Teachers Advisors LLC boosted its stake in CoreSite Realty Corporation by 48.1% in the fourth quarter. Teachers Advisors LLC now owns 347,046 shares of the real estate investment trust’s stock worth $27,545,000 after buying an additional 112,738 shares during the last quarter. Charter Trust Co. boosted its stake in CoreSite Realty Corporation by 42.4% in the first quarter. Charter Trust Co. now owns 8,889 shares of the real estate investment trust’s stock worth $801,000 after buying an additional 2,647 shares during the last quarter. Creative Planning boosted its stake in CoreSite Realty Corporation by 129.2% in the first quarter. Creative Planning now owns 2,292 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 1,292 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its stake in CoreSite Realty Corporation by 13.7% in the first quarter. Campbell Newman Asset Management Inc. now owns 3,289 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 396 shares during the last quarter.

About CoreSite Realty Corporation

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 Realty Corporation (NYSE:COR)

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