The SVP, Sales & Marketing of Coresite Realty (NYSE: COR) is Selling Shares

By Carrie Williams

Yesterday, the SVP, Sales & Marketing of Coresite Realty (NYSE: COR), Steven James Smith, sold shares of COR for $50.39K.

Following Steven James Smith’s last COR Sell transaction on April 04, 2017, the stock climbed by 15.7%.

Based on Coresite Realty’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $126 million and quarterly net profit of $20.91 million. In comparison, last year the company earned revenue of $110 million and had a net profit of $16.98 million. The company has a one-year high of $120.85 and a one-year low of $86.47. COR’s market cap is $3.56B and the company has a P/E ratio of 56.47.

Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $119.33, reflecting a -12.9% downside. Three different firms, including BB&T and Cantor Fitzgerald, currently also have a Sell rating on the stock.

Steven James Smith’s trades have generated a -14.2% 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CoreSite Realty Corp. is a real estate investment trust, which engages in the business of data center ownership, acquisition, construction, and operation. Its data center comprises of house networking, storage, and communications technology infrastructure, including servers, storage devices, switches routers, and fabric optic transmission equipment.