CoreSite Realty (NYSE:COR)‘s stock had its “outperform” rating restated by analysts at Royal Bank of Canada in a research report issued on Monday, The Fly reports. They presently have a $113.00 price target on the real estate investment trust’s stock. Royal Bank of Canada’s target price points to a potential upside of 14.98% from the stock’s current price.
COR has been the topic of several other research reports. Zacks Investment Research downgraded shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. SunTrust Banks reaffirmed a “buy” rating and set a $121.00 price target on shares of CoreSite Realty in a research note on Friday, November 17th. Cowen reaffirmed a “buy” rating and set a $111.00 price target on shares of CoreSite Realty in a research note on Thursday, October 19th. Jefferies Group reaffirmed a “buy” rating on shares of CoreSite Realty in a research note on Thursday, February 8th. Finally, Citigroup dropped their price target on shares of CoreSite Realty from $115.00 to $105.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Eight equities research 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’s stock. The company currently has a consensus rating of “Buy” and an average price target of $113.00.
Shares of CoreSite Realty (COR) opened at $98.28 on Monday. CoreSite Realty has a one year low of $83.82 and a one year high of $120.85. The stock has a market cap of $4,670.00, a price-to-earnings ratio of 53.41, a P/E/G ratio of 1.15 and a beta of 0.33. The company has a current ratio of 0.27, a quick ratio of 0.29 and a debt-to-equity ratio of 2.24.
In other news, SVP Steven James Smith sold 2,261 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $106.72, for a total value of $241,293.92. Following the completion of the sale, the senior vice president now owns 42,915 shares of the company’s stock, valued at approximately $4,579,888.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders bought 150,000 shares of company stock valued at $55,000 and sold 12,533 shares valued at $1,379,689. 1.50% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in COR. Zions Bancorporation acquired a new position in shares of CoreSite Realty in the 3rd quarter valued at about $170,000. Financial Gravity Companies Inc. acquired a new position in shares of CoreSite Realty in the 4th quarter valued at about $183,000. Intrust Bank NA acquired a new position in shares of CoreSite Realty in the 4th quarter valued at about $200,000. Park Avenue Securities LLC acquired a new position in shares of CoreSite Realty in the 3rd quarter valued at about $207,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of CoreSite Realty in the 4th quarter valued at about $208,000. 97.35% of the stock is owned by institutional investors.
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About CoreSite Realty
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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