Bank of America lowered shares of CoreSite Realty (NYSE:COR) from a neutral rating to an underperform rating in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has $100.00 target price on the real estate investment trust’s stock, down from their prior target price of $130.00.
COR has been the topic of several other reports. JPMorgan Chase & Co. cut their price target on shares of CoreSite Realty from to in a research report on Thursday, January 23rd. Zacks Investment Research raised shares of CoreSite Realty from a sell rating to a hold rating in a research report on Wednesday, January 22nd. Wells Fargo & Co cut their price target on shares of CoreSite Realty from $120.00 to $115.00 and set an equal weight rating on the stock in a research report on Friday, February 7th. Raymond James boosted their price target on shares of CoreSite Realty from $110.00 to $128.00 and gave the stock an outperform rating in a research report on Friday, November 1st. Finally, ValuEngine raised shares of CoreSite Realty from a sell rating to a hold rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. CoreSite Realty currently has an average rating of Hold and an average target price of $113.44.
Shares of NYSE COR opened at $115.15 on Tuesday. The firm has a market cap of $4.26 billion, a PE ratio of 22.18, a PEG ratio of 1.68 and a beta of 0.48. The company has a current ratio of 0.13, a quick ratio of 0.16 and a debt-to-equity ratio of 6.91. CoreSite Realty has a 1-year low of $99.94 and a 1-year high of $123.68. The company has a fifty day moving average price of $114.67 and a 200 day moving average price of $114.91.
CoreSite Realty (NYSE:COR) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.80). CoreSite Realty had a return on equity of 29.18% and a net margin of 13.24%. The business had revenue of $146.00 million for the quarter, compared to the consensus estimate of $148.17 million. During the same period last year, the firm earned $1.26 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts forecast that CoreSite Realty will post 5.16 EPS for the current year.
In other news, SVP Maile Kaiser sold 2,200 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $111.44, for a total value of $245,168.00. Following the sale, the senior vice president now directly owns 12,945 shares of the company’s stock, valued at approximately $1,442,590.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.
Several hedge funds have recently modified their holdings of COR. M&G Investment Management Ltd. bought a new stake in shares of CoreSite Realty in the 4th quarter valued at about $58,651,000. Heitman Real Estate Securities LLC bought a new stake in shares of CoreSite Realty in the 4th quarter valued at about $25,800,000. Reaves W H & Co. Inc. raised its holdings in shares of CoreSite Realty by 61.1% in the 4th quarter. Reaves W H & Co. Inc. now owns 406,087 shares of the real estate investment trust’s stock valued at $45,530,000 after purchasing an additional 154,085 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of CoreSite Realty by 48.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 333,354 shares of the real estate investment trust’s stock valued at $40,516,000 after purchasing an additional 108,953 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of CoreSite Realty by 62.9% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 254,092 shares of the real estate investment trust’s stock valued at $30,961,000 after purchasing an additional 98,075 shares during the period. 94.61% of the stock is currently owned by institutional investors.
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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