.png "Coresite Realty (NYSE: COR)")
Today it was reported that a Major Shareholder at Coresite Realty (NYSE: COR), Carlyle Realty , Gp, L.L.C., exercised options to sell 2,250,000 COR shares for a total transaction value of $251.8M.
Following Carlyle Realty , Gp, L.L.C.’s last COR Sell transaction on May 17, 2016, the stock climbed by 44.9%. In addition to Carlyle Realty , Gp, L.L.C., 2 other COR executives reported Sell trades in the last month.
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Based on Coresite Realty’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $136 million and quarterly net profit of $19.39 million. In comparison, last year the company earned revenue of $117 million and had a net profit of $17.73 million. COR’s market cap is $3.94B and the company has a P/E ratio of 55.49. Currently, Coresite Realty has an average volume of 560.3K.
Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $117.88, reflecting a -3.1% downside. Three different firms, including BB&T and Cantor Fitzgerald, currently also have a Sell rating on the stock.
The insider sentiment on Coresite Realty has been negative according to 39 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Carlyle Realty , Gp, L.L.C.’s trades have generated a -45.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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CoreSite Realty Corp. is a real estate investment trust, which engages in the ownership, acquisition, construction and operation of strategically located data centers. The firm also offers collocation and interconnection solutions for networks, cloud services, and industry solutions. The company was founded in 2001 and is headquartered in Denver, CO.
