CoreSite Realty Corp (NYSE:COR) – Equities researchers at Jefferies Financial Group decreased their FY2019 EPS estimates for CoreSite Realty in a research report issued to clients and investors on Monday, October 29th, Zacks Investment Research reports. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will earn $5.36 per share for the year, down from their previous estimate of $5.44. Jefferies Financial Group also issued estimates for CoreSite Realty’s FY2020 earnings at $5.93 EPS.
COR has been the subject of several other reports. Credit Suisse Group set a $112.00 target price on CoreSite Realty and gave the company a “hold” rating in a report on Saturday, July 28th. Zacks Investment Research downgraded CoreSite Realty from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Berenberg Bank assumed coverage on CoreSite Realty in a report on Thursday, September 20th. They issued a “buy” rating and a $153.00 target price for the company. Royal Bank of Canada boosted their target price on CoreSite Realty to $123.00 and gave the company an “average” rating in a report on Wednesday, August 8th. They noted that the move was a valuation call. Finally, Cowen reissued a “buy” rating and issued a $115.00 target price on shares of CoreSite Realty in a report on Friday, July 27th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $119.15.
Shares of CoreSite Realty stock traded up $1.23 on Tuesday, hitting $93.09. The stock had a trading volume of 301,667 shares, compared to its average volume of 486,973. CoreSite Realty has a 52-week low of $88.37 and a 52-week high of $119.59. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market capitalization of $3.37 billion, a P/E ratio of 20.60, a PEG ratio of 1.16 and a beta of 0.55.
CoreSite Realty (NYSE:COR) last announced its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.72). CoreSite Realty had a return on equity of 20.18% and a net margin of 14.91%. The business had revenue of $139.18 million for the quarter, compared to analysts’ expectations of $138.10 million.
In other CoreSite Realty news, insider Mark R. Jones sold 600 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $95.29, for a total transaction of $57,174.00. Following the completion of the sale, the insider now directly owns 15,621 shares of the company’s stock, valued at approximately $1,488,525.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Paul E. Szurek sold 3,588 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $114.15, for a total value of $409,570.20. Following the sale, the chief executive officer now directly owns 147,075 shares of the company’s stock, valued at $16,788,611.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,350 shares of company stock valued at $580,721. 1.50% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Rehmann Capital Advisory Group increased its position in CoreSite Realty by 20,090.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 12,114 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 12,054 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in CoreSite Realty during the 1st quarter worth approximately $131,000. Bridgeworth LLC acquired a new position in CoreSite Realty during the 2nd quarter worth approximately $166,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in CoreSite Realty during the 2nd quarter worth approximately $166,000. Finally, Capital Advisors Ltd. LLC acquired a new position in CoreSite Realty during the 3rd quarter worth approximately $169,000. 92.74% of the stock is owned by hedge funds and other 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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