CoreSite Realty Corporation’s (COR) Hold Rating Reaffirmed at KeyCorp
CoreSite Realty Corporation (NYSE:COR)‘s stock had its “hold” rating reaffirmed by equities research analysts at KeyCorp in a note issued to investors on Thursday.
Several other equities analysts have also weighed in on the company. Zacks Investment Research raised CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Wednesday, September 27th. J P Morgan Chase & Co initiated coverage on CoreSite Realty Corporation in a report on Monday, September 25th. They set a “neutral” rating and a $118.00 price objective for the company. William Blair initiated coverage on CoreSite Realty Corporation in a report on Friday, September 22nd. They set an “outperform” rating for the company. BidaskClub raised CoreSite Realty Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $119.00 price objective on shares of CoreSite Realty Corporation in a report on Tuesday, July 25th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. CoreSite Realty Corporation presently has an average rating of “Buy” and a consensus target price of $104.56.
Shares of CoreSite Realty Corporation (COR) traded up 0.39% on Thursday, hitting $113.78. The stock had a trading volume of 420,922 shares. The company has a 50-day moving average of $113.54 and a 200 day moving average of $104.91. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 65.47 and a beta of 0.56. CoreSite Realty Corporation has a 52 week low of $64.81 and a 52 week high of $120.85.
CoreSite Realty Corporation (NYSE:COR) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.02. The company had revenue of $117.89 million during the quarter, compared to the consensus estimate of $117.32 million. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. CoreSite Realty Corporation’s revenue was up 22.7% on a year-over-year basis. During the same period last year, the business posted $0.89 earnings per share. On average, equities research analysts predict that CoreSite Realty Corporation will post $1.82 EPS for the current year.
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In other news, SVP Derek Mccandless sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $1,107,400.00. Following the completion of the transaction, the senior vice president now directly owns 48,913 shares of the company’s stock, valued at $5,416,625.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul E. Szurek sold 3,805 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total value of $447,011.40. Following the completion of the transaction, the chief executive officer now directly owns 93,405 shares of the company’s stock, valued at $10,973,219.40. The disclosure for this sale can be found here. Insiders sold 21,805 shares of company stock valued at $2,440,331 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of CoreSite Realty Corporation by 6.7% in the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 75 shares during the period. LS Investment Advisors LLC boosted its holdings in shares of CoreSite Realty Corporation by 4.6% in the second quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 56 shares during the period. IFP Advisors Inc boosted its holdings in shares of CoreSite Realty Corporation by 14.6% in the second quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 174 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of CoreSite Realty Corporation by 115.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 783 shares during the period. Finally, Schroder Investment Management Group bought a new position in shares of CoreSite Realty Corporation in the second quarter worth $188,000. 98.32% of the stock is owned by hedge funds and other institutional investors.
CoreSite Realty Corporation Company Profile
CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust. The Company, through its controlling interest in CoreSite, L.P., is engaged in the business of ownership, acquisition, construction and operation of data centers across a range of markets in the United States, including the Northern Virginia, New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.
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