CoreSite Realty’s (COR) “Buy” Rating Reaffirmed at Jefferies Group
CoreSite Realty (NYSE:COR)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a research note issued to investors on Thursday.
Other research analysts have also issued reports about the company. SunTrust Banks reiterated a “buy” rating and set a $121.00 target price on shares of CoreSite Realty in a report on Friday, November 17th. ValuEngine upgraded CoreSite Realty from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Citigroup lifted their target price on CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Cowen restated a “buy” rating and issued a $111.00 price target on shares of CoreSite Realty in a report on Thursday, October 19th. Finally, KeyCorp restated a “hold” rating on shares of CoreSite Realty in a report on Thursday, October 12th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CoreSite Realty presently has a consensus rating of “Buy” and a consensus price target of $112.82.
CoreSite Realty (NYSE COR) traded down $6.13 during mid-day trading on Thursday, reaching $96.37. The company’s stock had a trading volume of 877,391 shares, compared to its average volume of 344,051. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $4,630.00, a price-to-earnings ratio of 52.38, a PEG ratio of 1.19 and a beta of 0.33. CoreSite Realty has a 52-week low of $83.82 and a 52-week high of $120.85.
In other news, SVP Steven James Smith sold 3,151 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $106.52, for a total value of $335,644.52. Following the sale, the senior vice president now directly owns 42,915 shares in the company, valued at $4,571,305.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders bought 150,000 shares of company stock worth $55,000 and sold 12,533 shares worth $1,379,689. Insiders own 1.50% of the company’s stock.
Several institutional investors have recently modified their holdings of COR. Zions Bancorporation bought a new stake in CoreSite Realty during the third quarter worth about $170,000. Intrust Bank NA bought a new stake in CoreSite Realty during the fourth quarter worth about $200,000. Jaffetilchin Investment Partners LLC bought a new stake in CoreSite Realty during the fourth quarter worth about $208,000. Park Avenue Securities LLC bought a new stake in CoreSite Realty during the third quarter worth about $207,000. Finally, FDx Advisors Inc. bought a new stake in CoreSite Realty during the third quarter worth about $209,000. Institutional investors own 97.99% 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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