CoreSite Realty (NYSE:COR)‘s stock had its “buy” rating reissued by Jefferies Group in a note issued to investors on Thursday.
Other equities analysts have also recently issued research reports about the company. Mitsubishi UFJ Financial Group began coverage on CoreSite Realty in a research report on Wednesday, January 10th. They set an “overweight” rating and a $124.00 target price on the stock. Citigroup boosted their target price on CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Credit Suisse Group set a $111.00 target price on CoreSite Realty and gave the stock a “hold” rating in a research report on Wednesday, January 17th. ValuEngine upgraded CoreSite Realty from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, SunTrust Banks restated a “buy” rating and issued a $133.00 price target on shares of CoreSite Realty in a report on Thursday, December 7th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. CoreSite Realty has a consensus rating of “Buy” and a consensus target price of $112.75.
CoreSite Realty (COR) opened at $97.40 on Thursday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.29 and a current ratio of 0.27. CoreSite Realty has a 52-week low of $83.82 and a 52-week high of $120.85. The stock has a market capitalization of $3,299.85, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.13 and a beta of 0.33.
In related news, SVP Steven James Smith sold 3,151 shares of the company’s stock in a transaction that occurred on 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 owns 42,915 shares in the company, valued at approximately $4,571,305.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders purchased 150,000 shares of company stock worth $55,000 and sold 12,533 shares worth $1,379,689. Corporate insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation purchased a new stake in CoreSite Realty in the 3rd quarter valued at approximately $170,000. Intrust Bank NA purchased a new stake in CoreSite Realty in the 4th quarter valued at approximately $200,000. Park Avenue Securities LLC purchased a new stake in CoreSite Realty in the 3rd quarter valued at approximately $207,000. Jaffetilchin Investment Partners LLC purchased a new stake in CoreSite Realty in the 4th quarter valued at approximately $208,000. Finally, FDx Advisors Inc. purchased a new stake in CoreSite Realty in the 3rd quarter valued at approximately $209,000. Institutional investors and hedge funds own 97.99% 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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