CoreSite Realty Corp. (NYSE:COR) was upgraded by equities researchers at Evercore Partners to an “overweight” rating in a research report issued on Wednesday, Analyst Ratings.Net reports.
CoreSite Realty Corp. (NYSE:COR) opened at 29.04 on Wednesday. CoreSite Realty Corp. has a 52-week low of $24.79 and a 52-week high of $38.57. The stock’s 50-day moving average is $32.24 and its 200-day moving average is $32.67. The company has a market cap of $606.0 million and a price-to-earnings ratio of 67.69.
CoreSite Realty Corp. (NYSE:COR) last released its earnings data on Thursday, October 31st. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.01. The company had revenue of $60.64 million for the quarter, compared to the consensus estimate of $60.20 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts predict that CoreSite Realty Corp. will post $1.82 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on COR. Analysts at Bank of America Corp. reiterated a “hold” rating on shares of CoreSite Realty Corp. in a research note to investors on Tuesday, November 5th. They now have a $38.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of CoreSite Realty Corp. from $36.00 to $35.00 in a research note to investors on Tuesday, November 5th. They now have a “hold” rating on the stock. Finally, analysts at Jefferies Group downgraded shares of CoreSite Realty Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 22nd. They now have a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. CoreSite Realty Corp. has a consensus rating of “Hold” and a consensus price target of $36.75.
CoreSite Realty Corporation is an owner, developer and operator of strategically located data centers in some of the growing data center markets in the United States, including Los Angeles, the San Francisco Bay and Northern Virginia areas, Chicago and New York City.
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