.png "Coresite Realty (NYSE: COR)")
Today it was reported that the President & CEO of Coresite Realty (NYSE: COR), Paul Szurek, exercised options to buy 2,500 COR shares at $15.98 a share, for a total transaction value of $39.95K.
Following Paul Szurek’s last COR Buy transaction on December 06, 2016, the stock climbed by 26.1%. Following this transaction Paul Szurek’s holding in the company was increased by 1.7% to a total of $13.7 million.
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Based on Coresite Realty’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $139 million and quarterly net profit of $18.6 million. In comparison, last year the company earned revenue of $123 million and had a net profit of $17.84 million. COR’s market cap is $3.16B and the company has a P/E ratio of 43.22. Currently, Coresite Realty has an average volume of 837.3K.
Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $110.33, reflecting a 17.5% upside. Four different firms, including Jefferies and RBC Capital, currently also have a Buy rating on the stock.
The insider sentiment on Coresite Realty has been negative according to 43 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Paul Szurek’s trades have generated a 45.4% 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.
