Today, the SVP, Engineering & Product of Coresite Realty (NYSE: COR), Warren Brian, sold shares of COR for $1.15M.
In addition to Warren Brian, 3 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 $3.95B and the company has a P/E ratio of 54.45. Currently, Coresite Realty has an average volume of 613.9K.
Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $118.44, reflecting a -5.3% 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 41 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
