CoreSite Realty Corporation’s (NYSE:COR) “Hold” Rating Reiterated at KeyCorp

KeyCorp restated their hold rating on shares of CoreSite Realty Corporation (NYSE:COR) in a research report released on Tuesday, September 12th.

Several other research analysts have also recently issued reports on COR. BidaskClub cut CoreSite Realty Corporation from a buy rating to a hold rating in a research report on Thursday, August 10th. Credit Suisse Group began coverage on CoreSite Realty Corporation in a research report on Friday, June 30th. They issued a neutral rating and a $103.00 price target for the company. Zacks Investment Research upgraded CoreSite Realty Corporation from a sell rating to a hold rating and set a $124.00 price target for the company in a research report on Monday, July 31st. Macquarie restated a hold rating and issued a $84.00 price target on shares of CoreSite Realty Corporation in a research report on Tuesday, July 4th. Finally, Wells Fargo & Company began coverage on CoreSite Realty Corporation in a research report on Wednesday, May 17th. They issued a market perform rating and a $94.00 price target for the company. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $98.00.

Shares of CoreSite Realty Corporation (NYSE:COR) traded down 1.69% during mid-day trading on Tuesday, reaching $108.49. 469,582 shares of the company’s stock were exchanged. CoreSite Realty Corporation has a one year low of $64.81 and a one year high of $120.85. The stock has a market cap of $3.71 billion, a PE ratio of 62.42 and a beta of 0.56. The company has a 50 day moving average price of $112.86 and a 200-day moving average price of $102.39.

CoreSite Realty Corporation (NYSE:COR) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.02. The firm had revenue of $117.89 million during the quarter, compared to analysts’ expectations of $117.32 million. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. CoreSite Realty Corporation’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. On average, analysts predict that CoreSite Realty Corporation will post $1.83 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “CoreSite Realty Corporation’s (NYSE:COR) “Hold” Rating Reiterated at KeyCorp” was reported by BBNS and is the property of of BBNS. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://baseballnewssource.com/markets/keycorp-reiterates-hold-rating-for-coresite-realty-corporation-cor/1641502.html.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, September 28th. CoreSite Realty Corporation’s payout ratio is currently 206.90%.

In related news, SVP Derek Mccandless sold 10,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total transaction of $1,107,400.00. Following the sale, the senior vice president now owns 48,913 shares of the company’s stock, valued at $5,416,625.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Paul E. Szurek sold 3,805 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total value of $447,011.40. Following the completion of the sale, the chief executive officer now directly owns 93,405 shares in the company, valued at $10,973,219.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,805 shares of company stock worth $2,440,331. Corporate insiders own 1.50% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Lord Abbett & CO. LLC boosted its stake in CoreSite Realty Corporation by 37.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 172,000 shares of the real estate investment trust’s stock worth $17,807,000 after buying an additional 46,575 shares during the last quarter. Phocas Financial Corp. boosted its stake in CoreSite Realty Corporation by 4.6% in the 2nd quarter. Phocas Financial Corp. now owns 185,448 shares of the real estate investment trust’s stock worth $19,199,000 after buying an additional 8,190 shares during the last quarter. 1st Global Advisors Inc. acquired a new stake in CoreSite Realty Corporation in the 2nd quarter worth about $237,000. Piedmont Investment Advisors LLC acquired a new stake in CoreSite Realty Corporation in the 2nd quarter worth about $765,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in CoreSite Realty Corporation by 27.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 10,247 shares of the real estate investment trust’s stock worth $1,061,000 after buying an additional 2,226 shares during the last quarter. 98.32% of the stock is currently owned by hedge funds and other institutional investors.

About CoreSite Realty Corporation

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 Corporation (NYSE:COR)

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

 


Latest News

Bryce Harper Hoping to Return Monday from Knee Injury
Bryce Harper Hoping to Return Monday from Knee Injury
American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?


Leave a Reply

 
© 2006-2017 BBNS.