CoreSite Realty (NYSE:COR) was upgraded by investment analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, Marketbeat.com reports.
COR has been the topic of a number of other research reports. Jefferies Group reissued a “buy” rating on shares of CoreSite Realty in a research report on Thursday, February 8th. SunTrust Banks restated a “buy” rating and issued a $121.00 price target on shares of CoreSite Realty in a research note on Friday, November 17th. Royal Bank of Canada restated an “outperform” rating and issued a $113.00 price target on shares of CoreSite Realty in a research note on Monday, February 12th. Robert W. Baird dropped their price target on shares of CoreSite Realty from $129.00 to $126.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. Finally, Citigroup dropped their price target on shares of CoreSite Realty from $115.00 to $105.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. CoreSite Realty presently has a consensus rating of “Buy” and an average price target of $112.77.
Shares of CoreSite Realty (NYSE COR) opened at $103.90 on Monday. The stock has a market capitalization of $5,180.00, a P/E ratio of 56.47, a price-to-earnings-growth ratio of 1.16 and a beta of 0.48. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.27 and a quick ratio of 0.27. CoreSite Realty has a 12-month low of $86.47 and a 12-month high of $120.85.
In related news, SVP Brian Warren sold 1,242 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $91.62, for a total transaction of $113,792.04. Following the completion of the transaction, the senior vice president now owns 38,169 shares in the company, valued at $3,497,043.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Steven James Smith sold 492 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $102.42, for a total transaction of $50,390.64. Following the transaction, the senior vice president now owns 36,101 shares of the company’s stock, valued at approximately $3,697,464.42. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 198,000 shares of company stock valued at $64,780 and have sold 43,973 shares valued at $4,354,075. Insiders own 1.50% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Zions Bancorporation acquired a new position in shares of CoreSite Realty during the third quarter worth $170,000. Financial Gravity Companies Inc. acquired a new position in shares of CoreSite Realty during the fourth quarter worth $183,000. Intrust Bank NA acquired a new position in shares of CoreSite Realty during the fourth quarter worth $200,000. Jaffetilchin Investment Partners LLC acquired a new position in shares of CoreSite Realty during the fourth quarter worth $208,000. Finally, Jefferies Group LLC acquired a new position in shares of CoreSite Realty during the fourth quarter worth $210,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.
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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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