CoreSite Realty Corp (NYSE:COR) insider Kenneth C. Mcnaughton bought 50,000 shares of the stock in a transaction dated Friday, January 12th. The stock was acquired at an average price of $0.32 per share, with a total value of $16,000.00.
Shares of CoreSite Realty Corp (NYSE COR) traded up $0.80 during mid-day trading on Friday, reaching $107.59. The company had a trading volume of 362,700 shares, compared to its average volume of 376,442. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $5,170.00, a price-to-earnings ratio of 58.47, a price-to-earnings-growth ratio of 1.25 and a beta of 0.44. CoreSite Realty Corp has a 1 year low of $83.82 and a 1 year high of $120.85.
CoreSite Realty (NYSE:COR) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.64). The firm had revenue of $123.07 million during the quarter, compared to analyst estimates of $121.27 million. CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. CoreSite Realty’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 earnings per share. analysts expect that CoreSite Realty Corp will post 4.48 EPS for the current year.
A number of hedge funds have recently made changes to their positions in COR. Profund Advisors LLC boosted its holdings in CoreSite Realty by 0.6% during the second quarter. Profund Advisors LLC now owns 7,163 shares of the real estate investment trust’s stock worth $742,000 after buying an additional 45 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in CoreSite Realty by 1.8% during the second quarter. Pinebridge Investments L.P. now owns 4,505 shares of the real estate investment trust’s stock worth $467,000 after buying an additional 80 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in CoreSite Realty by 2.5% during the second quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 104 shares during the last quarter. Global Endowment Management LP boosted its holdings in CoreSite Realty by 1.3% during the second quarter. Global Endowment Management LP now owns 31,990 shares of the real estate investment trust’s stock worth $3,312,000 after buying an additional 410 shares during the last quarter. Finally, Whittier Trust Co. boosted its holdings in CoreSite Realty by 1.4% during the third quarter. Whittier Trust Co. now owns 38,953 shares of the real estate investment trust’s stock worth $4,359,000 after buying an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 98.02% of the company’s stock.
A number of brokerages have recently weighed in on COR. JPMorgan Chase & Co. began coverage on CoreSite Realty in a research note on Monday, September 25th. They issued a “neutral” rating and a $118.00 target price for the company. Credit Suisse Group set a $111.00 target price on CoreSite Realty and gave the company a “hold” rating in a research note on Wednesday. Zacks Investment Research upgraded CoreSite Realty from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Wednesday, September 27th. Mitsubishi UFJ Financial Group began coverage on CoreSite Realty in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $124.00 target price for the company. Finally, William Blair started coverage on CoreSite Realty in a research note on Friday, September 22nd. They issued an “outperform” rating for the company. Eight research 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 company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $110.75.
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CoreSite Realty 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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