CoreSite Realty Corp. (COR) Releases Quarterly Earnings Results
CoreSite Realty Corp. (NYSE:COR) announced its earnings results on Thursday. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.01, StockRatingsNetwork reports. The company had revenue of $61.44 million for the quarter, compared to the consensus estimate of $62.60 million.
Shares of CoreSite Realty Corp. (NYSE:COR) opened at 30.07 on Thursday. CoreSite Realty Corp. has a 52-week low of $27.51 and a 52-week high of $38.57. The stock’s 50-day moving average is $31.59 and its 200-day moving average is $32.23. The company has a market cap of $627.5 million and a P/E ratio of 70.14.
On a related note, analysts at Evercore Partners upgraded shares of CoreSite Realty Corp. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 4th. They now have a $35.00 price target on the stock, down previously from $40.00. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.75.
CoreSite Realty Corporation is an owner, developer and operator of strategically located data centers in some of the growing data center markets in the United States, including Los Angeles, the San Francisco Bay and Northern Virginia areas, Chicago and New York City.
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