CoreSite Realty (NYSE:COR) was upgraded by equities research analysts at UBS Group from a “market perform” rating to an “outperform” rating in a report issued on Monday, The Fly reports.
Other equities analysts have also recently issued reports about the company. Robert W. Baird set a $126.00 price target on CoreSite Realty and gave the stock a “buy” rating in a report on Saturday. Jefferies Group reiterated a “buy” rating on shares of CoreSite Realty in a report on Thursday, February 8th. SunTrust Banks reiterated a “buy” rating and set a $133.00 price target on shares of CoreSite Realty in a report on Thursday, December 7th. TheStreet cut CoreSite Realty from a “b-” rating to a “c+” rating in a report on Friday, February 9th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of CoreSite Realty in a report on Sunday, February 11th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. CoreSite Realty has an average rating of “Buy” and a consensus price target of $112.77.
CoreSite Realty (NYSE:COR) traded up $3.62 during midday trading on Monday, hitting $101.81. The stock had a trading volume of 620,145 shares, compared to its average volume of 422,853. The stock has a market cap of $4,720.00, a PE ratio of 55.33, a PEG ratio of 1.16 and a beta of 0.48. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 2.24. CoreSite Realty has a fifty-two week low of $86.47 and a fifty-two week high of $120.85.
In other CoreSite Realty news, SVP Steven James Smith sold 7,121 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $112.73, for a total value of $802,750.33. Following the sale, the senior vice president now owns 48,137 shares of the company’s stock, valued at approximately $5,426,484.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $93.31, for a total value of $746,480.00. Following the completion of the sale, the chief financial officer now directly owns 84,827 shares in the company, valued at approximately $7,915,207.37. The disclosure for this sale can be found here. In the last three months, insiders have purchased 198,000 shares of company stock worth $64,780 and have sold 43,481 shares worth $4,303,685. 1.50% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB acquired a new stake in CoreSite Realty in the 4th quarter valued at about $359,000. Envestnet Asset Management Inc. raised its position in CoreSite Realty by 23.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,471 shares of the real estate investment trust’s stock valued at $1,420,000 after purchasing an additional 2,394 shares in the last quarter. Lake Street Advisors Group LLC acquired a new stake in CoreSite Realty in the 4th quarter valued at about $314,000. MetLife Investment Advisors LLC acquired a new stake in CoreSite Realty in the 4th quarter valued at about $2,464,000. Finally, Vident Investment Advisory LLC acquired a new stake in CoreSite Realty in the 4th quarter valued at about $233,000. 99.51% of the stock is currently owned by institutional investors.
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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