CoreSite Realty Corporation (COR) SVP Derek Mccandless Sells 10,000 Shares
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%.
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.
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