CoreSite Realty Corp Reaches New 52-Week High at $36.06 (COR)
CoreSite Realty Corp (NYSE:COR)’s share price reached a new 52-week high during mid-day trading on Friday , Stock Ratings Network reports. The stock traded as high as $36.06 and last traded at $35.41, with a volume of 83,737 shares trading hands. The stock had previously closed at $35.11.
COR has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of CoreSite Realty Corp from $38.00 to $40.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Separately, analysts at MLV & Co
raised their price target on shares of CoreSite Realty Corp from $38.00 to $40.00 in a research note on Thursday, July 24th. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald upgraded shares of CoreSite Realty Corp from a “sell” rating to a “hold” rating in a research note on Thursday, May 29th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CoreSite Realty Corp currently has an average rating of “Hold” and a consensus price target of $36.83.
The stock’s 50-day moving average is $33.68 and its 200-day moving average is $31.83. The company has a market cap of $748.4 million and a price-to-earnings ratio of 59.51.
CoreSite Realty Corp (NYSE:COR) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $65.70 million for the quarter, compared to the consensus estimate of $64.95 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Analysts expect that CoreSite Realty Corp will post $2.15 EPS for the current fiscal year.
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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