Kenneth C. Mcnaughton Buys 50,000 Shares of CoreSite Realty Corporation (COR) Stock
CoreSite Realty Corporation (NYSE:COR) insider Kenneth C. Mcnaughton purchased 50,000 shares of CoreSite Realty Corporation stock in a transaction dated Thursday, November 23rd. The stock was bought at an average price of $0.43 per share, for a total transaction of $21,500.00.
CoreSite Realty Corporation (NYSE:COR) traded up $0.48 on Thursday, hitting $116.88. 351,000 shares of the stock were exchanged, compared to its average volume of 426,660. CoreSite Realty Corporation has a one year low of $67.36 and a one year high of $120.85. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The firm has a market cap of $3,985.71, a P/E ratio of 26.51, a P/E/G ratio of 1.53 and a beta of 0.43.
CoreSite Realty Corporation (NYSE:COR) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.64). CoreSite Realty Corporation had a return on equity of 15.35% and a net margin of 15.21%. The business had revenue of $123.07 million for the quarter, compared to analyst estimates of $121.27 million. During the same quarter in the prior year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. equities analysts predict that CoreSite Realty Corporation will post 4.48 earnings per share for the current fiscal year.
COR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Wednesday, September 27th. BidaskClub upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Citigroup Inc. raised their price target on shares of CoreSite Realty Corporation from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Cowen and Company restated a “buy” rating and issued a $111.00 price target on shares of CoreSite Realty Corporation in a research note on Thursday, October 19th. Finally, ValuEngine upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $108.45.
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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