CoreSite Realty (NYSE:COR) has been given a $119.00 price target by research analysts at Guggenheim in a report released on Thursday, TipRanks reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Guggenheim’s price target points to a potential upside of 4.47% from the company’s current price.
COR has been the subject of several other reports. Stifel Nicolaus set a $110.00 price target on shares of CoreSite Realty and gave the stock a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research lowered shares of CoreSite Realty from a “hold” rating to a “sell” rating in a research note on Monday, August 19th. Credit Suisse Group decreased their price target on shares of CoreSite Realty from $111.00 to $103.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. BMO Capital Markets reiterated a “hold” rating and issued a $112.00 price target on shares of CoreSite Realty in a research note on Thursday, July 25th. Finally, ValuEngine lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. CoreSite Realty currently has a consensus rating of “Hold” and an average price target of $112.82.
Shares of CoreSite Realty stock traded up $0.28 during trading on Thursday, hitting $113.91. The company’s stock had a trading volume of 267,000 shares, compared to its average volume of 290,068. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.18 and a current ratio of 0.18. The company has a fifty day simple moving average of $111.99 and a two-hundred day simple moving average of $111.89. The company has a market capitalization of $4.28 billion, a PE ratio of 22.51, a P/E/G ratio of 1.75 and a beta of 0.50. CoreSite Realty has a 52 week low of $82.64 and a 52 week high of $121.64.
CoreSite Realty (NYSE:COR) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.75). The business had revenue of $142.91 million during the quarter, compared to the consensus estimate of $142.85 million. CoreSite Realty had a return on equity of 24.19% and a net margin of 13.82%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 earnings per share. As a group, analysts predict that CoreSite Realty will post 5.09 EPS for the current year.
In other CoreSite Realty news, SVP Brian Warren sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $108.56, for a total transaction of $217,120.00. Following the completion of the sale, the senior vice president now directly owns 24,406 shares in the company, valued at approximately $2,649,515.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Carlyle Group Management L.L.C sold 800,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $110.74, for a total transaction of $88,592,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 813,385 shares of company stock valued at $90,114,133. 1.20% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC increased its stake in CoreSite Realty by 5.6% during the 2nd quarter. Princeton Global Asset Management LLC now owns 4,191 shares of the real estate investment trust’s stock valued at $483,000 after purchasing an additional 223 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of CoreSite Realty during the 2nd quarter valued at about $4,610,000. Treasurer of the State of North Carolina boosted its holdings in shares of CoreSite Realty by 6.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 15,447 shares of the real estate investment trust’s stock valued at $1,779,000 after acquiring an additional 950 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of CoreSite Realty during the 2nd quarter valued at about $5,031,000. Finally, BlackRock Inc. boosted its holdings in shares of CoreSite Realty by 0.8% during the 2nd quarter. BlackRock Inc. now owns 3,907,508 shares of the real estate investment trust’s stock valued at $450,027,000 after acquiring an additional 30,895 shares during the last quarter. Institutional investors and hedge funds own 92.33% of the company’s stock.
CoreSite Realty Company Profile
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.
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