CoreSite Realty (NYSE:COR) was upgraded by stock analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday.
Several other equities analysts have also recently issued reports on the stock. SunTrust Banks restated a “buy” rating and set a $133.00 target price on shares of CoreSite Realty in a research note on Thursday, December 7th. Royal Bank of Canada restated an “outperform” rating and set a $113.00 target price on shares of CoreSite Realty in a research note on Monday, February 12th. Credit Suisse Group set a $111.00 target price on shares of CoreSite Realty and gave the company a “hold” rating in a research note on Wednesday, January 17th. ValuEngine cut shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Robert W. Baird lowered their target price on shares of CoreSite Realty from $129.00 to $126.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. CoreSite Realty currently has an average rating of “Buy” and an average target price of $113.00.
Shares of CoreSite Realty (COR) opened at $98.19 on Monday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $3,362.33, a PE ratio of 53.36, a P/E/G ratio of 1.16 and a beta of 0.48. CoreSite Realty has a 1 year low of $86.36 and a 1 year high of $120.85.
In other news, SVP Brian Warren sold 1,242 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $91.62, for a total value of $113,792.04. Following the transaction, the senior vice president now owns 38,169 shares in the company, valued at approximately $3,497,043.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffrey S. Finnin sold 10,396 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $93.30, for a total transaction of $969,946.80. Following the completion of the transaction, the chief financial officer now owns 84,827 shares in the company, valued at approximately $7,914,359.10. The disclosure for this sale can be found here. In the last quarter, insiders bought 173,000 shares of company stock worth $55,530 and sold 33,806 shares worth $3,360,066. 1.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fortaleza Asset Management Inc. bought a new stake in CoreSite Realty during the 4th quarter worth approximately $101,000. Penserra Capital Management LLC bought a new stake in CoreSite Realty during the 2nd quarter worth approximately $103,000. Riverhead Capital Management LLC raised its stake in CoreSite Realty by 430.3% during the 3rd quarter. Riverhead Capital Management LLC now owns 1,400 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 1,136 shares during the period. Tyers Asset Management LLC bought a new stake in CoreSite Realty during the 4th quarter worth approximately $105,000. Finally, IFP Advisors Inc raised its stake in CoreSite Realty by 203.8% during the 1st quarter. IFP Advisors Inc now owns 1,188 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 797 shares during the period. Institutional investors own 99.51% of the company’s stock.
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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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