KeyCorp upgraded shares of CoreSite Realty (NYSE:COR) from a sector weight rating to an overweight rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have $110.00 target price on the real estate investment trust’s stock, up from their previous target price of $98.19.
COR has been the topic of a number of other research reports. Jefferies Group reaffirmed a buy rating on shares of CoreSite Realty in a research note on Thursday, February 8th. SunTrust Banks reaffirmed a buy rating and set a $121.00 price target on shares of CoreSite Realty in a research note on Friday, November 17th. Royal Bank of Canada reaffirmed an outperform rating and set a $113.00 price target on shares of CoreSite Realty in a research note on Monday, February 12th. Robert W. Baird decreased their price target 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. Finally, Citigroup decreased their price target on shares of CoreSite Realty from $115.00 to $105.00 and set a neutral rating on the stock in a research note on Friday, February 9th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $112.77.
Shares of CoreSite Realty (COR) opened at $101.81 on Monday. The stock has a market cap of $3,362.33, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.16 and a beta of 0.48. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.27 and a current ratio of 0.27. CoreSite Realty has a 12 month low of $86.47 and a 12 month high of $120.85.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, March 28th. CoreSite Realty’s dividend payout ratio (DPR) is 213.04%.
In other CoreSite Realty news, SVP Derek Mccandless sold 1,635 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $91.84, for a total transaction of $150,158.40. Following the transaction, the senior vice president now owns 34,113 shares in the company, valued at $3,132,937.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Steven James Smith sold 3,151 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $106.52, for a total transaction of $335,644.52. Following the transaction, the senior vice president now owns 42,915 shares in the company, valued at approximately $4,571,305.80. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 198,000 shares of company stock worth $64,780 and have sold 43,481 shares worth $4,303,685. Insiders own 1.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Zions Bancorporation bought a new position in CoreSite Realty during the third quarter valued at $170,000. Financial Gravity Companies Inc. bought a new position in CoreSite Realty during the fourth quarter valued at $183,000. Intrust Bank NA bought a new position in CoreSite Realty during the fourth quarter valued at $200,000. Jaffetilchin Investment Partners LLC bought a new position in shares of CoreSite Realty in the fourth quarter worth about $208,000. Finally, Jefferies Group LLC bought a new position in shares of CoreSite Realty in the fourth quarter worth about $210,000. Institutional investors and hedge funds 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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