CoreSite Realty Corp (NYSE:COR) SVP Brian Warren Sells 2,000 Shares

CoreSite Realty Corp (NYSE:COR) SVP Brian Warren sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $108.56, for a total transaction of $217,120.00. Following the transaction, the senior vice president now directly owns 24,406 shares in the company, valued at $2,649,515.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

COR stock opened at $110.34 on Friday. CoreSite Realty Corp has a one year low of $82.64 and a one year high of $121.64. The stock has a market cap of $4.06 billion, a PE ratio of 21.88, a P/E/G ratio of 1.66 and a beta of 0.55. The firm has a 50 day simple moving average of $113.21 and a two-hundred day simple moving average of $110.12. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.18 and a quick ratio of 0.18.

CoreSite Realty (NYSE:COR) last announced its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.75). CoreSite Realty had a net margin of 13.82% and a return on equity of 24.19%. The business had revenue of $142.91 million during the quarter, compared to analysts’ expectations of $142.85 million. During the same period last year, the company posted $1.28 EPS. CoreSite Realty’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts expect that CoreSite Realty Corp will post 5.09 EPS for the current fiscal year.

Several brokerages have commented on COR. Stifel Nicolaus set a $110.00 price objective on shares of CoreSite Realty and gave the stock a “hold” rating in a research report on Friday, July 26th. ValuEngine lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Credit Suisse Group lowered their price target on shares of CoreSite Realty from $111.00 to $103.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. BMO Capital Markets reissued a “hold” rating and issued a $112.00 price target on shares of CoreSite Realty in a research report on Thursday, July 25th. Finally, Raymond James lowered their price target on shares of CoreSite Realty from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $112.20.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of CoreSite Realty by 5.5% during the first quarter. Nordea Investment Management AB now owns 44,897 shares of the real estate investment trust’s stock worth $4,805,000 after purchasing an additional 2,325 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of CoreSite Realty by 36.1% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 3,882 shares of the real estate investment trust’s stock valued at $415,000 after acquiring an additional 1,029 shares in the last quarter. Brookstone Capital Management raised its holdings in shares of CoreSite Realty by 21.0% in the second quarter. Brookstone Capital Management now owns 4,262 shares of the real estate investment trust’s stock valued at $491,000 after acquiring an additional 740 shares in the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of CoreSite Realty by 13,254.1% in the first quarter. Farmers & Merchants Investments Inc. now owns 14,823 shares of the real estate investment trust’s stock valued at $1,586,000 after acquiring an additional 14,712 shares in the last quarter. Finally, Princeton Global Asset Management LLC raised its holdings in shares of CoreSite Realty by 8.4% in the first quarter. Princeton Global Asset Management LLC now owns 3,968 shares of the real estate investment trust’s stock valued at $424,000 after acquiring an additional 306 shares in the last quarter. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

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.

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