CoreSite Realty’s (COR) Buy Rating Reaffirmed at Jefferies Group

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.

CoreSite Realty (NYSE:COR) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.04. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. The company had revenue of $125.95 million for the quarter, compared to analysts’ expectations of $125.71 million. During the same quarter in the previous year, the firm posted $1.06 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. sell-side analysts forecast that CoreSite Realty will post 5 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.com-unik.info/2018/02/10/coresite-realtys-cor-buy-rating-reaffirmed-at-jefferies-group.html.

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.

Analyst Recommendations for CoreSite Realty (NYSE:COR)

Receive News & Ratings for CoreSite Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit