CoreSite Realty Corp (NYSE:COR) insider Kenneth C. Mcnaughton acquired 43,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were bought at an average cost of $0.31 per share, for a total transaction of $13,330.00.
CoreSite Realty Corp (COR) opened at $96.26 on Friday. The company has a market capitalization of $3,296.23, a price-to-earnings ratio of 52.32, a P/E/G ratio of 1.13 and a beta of 0.33. The company has a quick ratio of 0.29, a current ratio of 0.27 and a debt-to-equity ratio of 2.24. CoreSite Realty Corp has a twelve month low of $85.57 and a twelve month high of $120.85.
CoreSite Realty (NYSE:COR) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $125.95 million for the quarter, compared to analyst estimates of $125.71 million. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. CoreSite Realty’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.06 earnings per share. equities analysts expect that CoreSite Realty Corp will post 5 EPS for the current fiscal year.
A number of research firms have recently weighed in on COR. ValuEngine raised CoreSite Realty from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. SunTrust Banks reaffirmed a “buy” rating and set a $121.00 price objective on shares of CoreSite Realty in a research report on Friday, November 17th. 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 price objective on the stock. Zacks Investment Research lowered CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Credit Suisse Group set a $111.00 price objective on CoreSite Realty and gave the stock a “hold” rating in a research report on Friday, October 27th. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $113.00.
Large investors have recently bought and sold shares of the stock. Zions Bancorporation purchased a new position in CoreSite Realty in the third quarter valued at $170,000. Financial Gravity Companies Inc. purchased a new position in CoreSite Realty in the fourth quarter valued at $183,000. Intrust Bank NA purchased a new position in CoreSite Realty in the fourth quarter valued at $200,000. Park Avenue Securities LLC purchased a new position in CoreSite Realty in the third quarter valued at $207,000. Finally, Jaffetilchin Investment Partners LLC purchased a new position in CoreSite Realty in the fourth quarter valued at $208,000. 97.35% of the stock is currently owned by hedge funds and other institutional investors.
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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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