CoreSite Realty (NYSE:COR)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank of Canada in a research note issued to investors on Monday, The Fly reports. They presently have a $113.00 target price on the real estate investment trust’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 16.02% from the company’s previous close.
A number of other research firms have also issued reports on COR. ValuEngine raised shares of CoreSite Realty from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. SunTrust Banks reissued a “buy” rating and set a $121.00 price target on shares of CoreSite Realty in a research report on Friday, November 17th. Cowen reissued a “buy” rating and set a $111.00 price target on shares of CoreSite Realty in a research report on Thursday, October 19th. Mitsubishi UFJ Financial Group assumed coverage on shares of CoreSite Realty in a research report on Wednesday, January 10th. They set an “overweight” rating and a $124.00 price target for the company. Finally, Zacks Investment Research lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $113.00.
CoreSite Realty (NYSE COR) remained flat at $$97.40 during mid-day trading on Monday. The company had a trading volume of 713,355 shares, compared to its average volume of 387,646. The company has a market capitalization of $4,680.00, a price-to-earnings ratio of 52.93, a PEG ratio of 1.15 and a beta of 0.33. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.29 and a current ratio of 0.27. CoreSite Realty has a 12 month low of $83.82 and a 12 month high of $120.85.
In other news, SVP Steven James Smith sold 7,121 shares of CoreSite Realty stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $112.73, for a total transaction of $802,750.33. Following the completion of the transaction, the senior vice president now directly owns 48,137 shares of the company’s stock, valued at approximately $5,426,484.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 150,000 shares of company stock valued at $55,000 and have sold 12,533 shares valued at $1,379,689. 1.50% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. Zions Bancorporation purchased a new position in shares of CoreSite Realty during the 3rd quarter valued at approximately $170,000. Intrust Bank NA purchased a new position in shares of CoreSite Realty during the 4th quarter valued at approximately $200,000. Jaffetilchin Investment Partners LLC purchased a new position in shares of CoreSite Realty during the 4th quarter valued at approximately $208,000. Park Avenue Securities LLC purchased a new stake in CoreSite Realty in the 3rd quarter worth $207,000. Finally, FDx Advisors Inc. purchased a new stake in CoreSite Realty in the 3rd quarter worth $209,000. 97.35% of the stock is owned by hedge funds and other institutional investors.
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About CoreSite Realty
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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