CoreSite Realty Corp (NYSE:COR) insider Kenneth C. Mcnaughton purchased 50,000 shares of CoreSite Realty stock in a transaction that occurred on Tuesday, January 16th. The stock was acquired at an average cost of $0.35 per share, with a total value of $17,500.00.
Shares of CoreSite Realty Corp (NYSE COR) traded down $0.06 during trading hours on Friday, reaching $107.53. The company’s stock had a trading volume of 271,146 shares, compared to its average volume of 348,433. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. CoreSite Realty Corp has a fifty-two week low of $83.82 and a fifty-two week high of $120.85. The company has a market cap of $5,170.00, a PE ratio of 58.44, a PEG ratio of 1.26 and a beta of 0.44.
CoreSite Realty (NYSE:COR) last issued its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.64). The company had revenue of $123.07 million for the quarter, compared to the consensus estimate of $121.27 million. CoreSite Realty had a net margin of 15.21% and a return on equity of 15.35%. CoreSite Realty’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the business posted $0.90 earnings per share. equities research analysts forecast that CoreSite Realty Corp will post 4.48 earnings per share for the current year.
Several analysts recently issued reports on the stock. Mitsubishi UFJ Financial Group began coverage on shares of CoreSite Realty in a research report on Wednesday, January 10th. They issued an “overweight” rating and a $124.00 price target for the company. Citigroup raised their price objective on CoreSite Realty from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, October 27th. ValuEngine upgraded CoreSite Realty from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Credit Suisse Group set a $111.00 price objective on CoreSite Realty and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, SunTrust Banks restated a “buy” rating and set a $133.00 price objective on shares of CoreSite Realty in a research note on Thursday, December 7th. Eight 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. CoreSite Realty has an average rating of “Buy” and an average price target of $110.75.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zions Bancorporation bought a new stake in shares of CoreSite Realty during the 3rd quarter worth $170,000. Schroder Investment Management Group bought a new stake in shares of CoreSite Realty during the 2nd quarter worth $188,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of CoreSite Realty during the 4th quarter worth $208,000. Park Avenue Securities LLC bought a new stake in shares of CoreSite Realty during the 3rd quarter worth $207,000. Finally, FDx Advisors Inc. bought a new stake in shares of CoreSite Realty during the 3rd quarter worth $209,000. Institutional investors own 98.02% 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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