ValuEngine upgraded shares of CoreSite Realty Corporation (NYSE:COR) from a hold rating to a buy rating in a research note issued to investors on Thursday, November 9th.
Several other equities research analysts have also recently commented on COR. BidaskClub cut CoreSite Realty from a buy rating to a hold rating in a research note on Thursday, August 10th. J P Morgan Chase & Co began coverage on CoreSite Realty in a research note on Monday, September 25th. They issued a neutral rating and a $118.00 price target for the company. Zacks Investment Research raised CoreSite Realty from a hold rating to a buy rating and set a $122.00 price target for the company in a research note on Wednesday, September 27th. William Blair started coverage on CoreSite Realty in a research report on Friday, September 22nd. They set an outperform rating for the company. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $117.00 target price on shares of CoreSite Realty in a research report on Friday, July 14th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $108.45.
Shares of CoreSite Realty (NYSE:COR) opened at $118.05 on Thursday. The company has a market capitalization of $4,030.63, a P/E ratio of 26.81, a P/E/G ratio of 1.54 and a beta of 0.43. CoreSite Realty has a 12 month low of $67.36 and a 12 month high of $120.85. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.80.
In other news, CEO Paul E. Szurek sold 3,805 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total transaction of $447,011.40. Following the completion of the transaction, the chief executive officer now directly owns 93,405 shares in the company, valued at $10,973,219.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Derek Mccandless sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $109.37, for a total value of $546,850.00. Following the transaction, the senior vice president now owns 36,613 shares of the company’s stock, valued at $4,004,363.81. The disclosure for this sale can be found here. Insiders have sold 16,805 shares of company stock valued at $1,868,981 in the last ninety days. Company insiders own 1.50% of the company’s stock.
Several hedge funds have recently modified their holdings of COR. Penserra Capital Management LLC acquired a new position in shares of CoreSite Realty during the second quarter worth approximately $103,000. US Bancorp DE lifted its holdings in shares of CoreSite Realty by 6.7% during the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 75 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in shares of CoreSite Realty by 4.6% during the second quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 56 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of CoreSite Realty by 14.6% during the second quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 174 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of CoreSite Realty by 115.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 783 shares during the last quarter. Institutional investors own 95.27% 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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