CoreSite Realty Corp (NYSE:COR) insider Kenneth C. Mcnaughton bought 43,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were purchased at an average cost of $0.31 per share, for a total transaction of $13,330.00.
Shares of CoreSite Realty Corp (COR) opened at $96.26 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.27 and a debt-to-equity ratio of 2.24. The company has a market cap of $3,326.38, a P/E ratio of 52.32, a P/E/G ratio of 1.14 and a beta of 0.33. CoreSite Realty Corp has a 1-year low of $85.57 and a 1-year high of $120.85.
CoreSite Realty (NYSE:COR) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $125.95 million for the quarter, compared to analysts’ expectations of $125.71 million. CoreSite Realty had a net margin of 15.54% and a return on equity of 16.77%. CoreSite Realty’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 EPS. analysts expect that CoreSite Realty Corp will post 5 earnings per share for the current fiscal year.
COR has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Credit Suisse Group set a $111.00 target price on shares of CoreSite Realty and gave the stock a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research cut shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. ValuEngine raised shares of CoreSite Realty from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $121.00 price target on shares of CoreSite Realty in a report on Friday, November 17th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $113.00.
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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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