CoreSite Realty (COR) Received Hold Rating at Cowen

CoreSite Realty (COR) Received Hold Rating at Cowen

Cowen reiterated their hold rating on shares of CoreSite Realty (NYSE:COR) in a research report report published on Sunday. Cowen currently has a $106.00 price objective on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of CoreSite Realty from a hold rating to a buy rating and set a $95.00 price target on the stock in a research report on Thursday, January 3rd. TheStreet cut shares of CoreSite Realty from a b- rating to a c rating in a research report on Thursday, October 25th. Credit Suisse Group set a $111.00 price target on shares of CoreSite Realty and gave the company a hold rating in a research report on Thursday, December 20th. Jefferies Financial Group cut shares of CoreSite Realty from a buy rating to a hold rating and reduced their price target for the company from $107.00 to $102.00 in a research report on Monday, December 10th. Finally, Citigroup set a $104.00 price target on shares of CoreSite Realty and gave the company a hold rating in a research report on Monday, November 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. CoreSite Realty presently has an average rating of Hold and a consensus target price of $114.23.

Shares of NYSE COR opened at $100.02 on Friday. CoreSite Realty has a one year low of $82.64 and a one year high of $117.82. The company has a current ratio of 0.15, a quick ratio of 0.21 and a debt-to-equity ratio of 3.38. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.35 and a beta of 0.72.

CoreSite Realty (NYSE:COR) last issued its quarterly earnings results on Wednesday, February 6th. The real estate investment trust reported $1.26 EPS for the quarter, meeting analysts’ consensus estimates of $1.26. CoreSite Realty had a net margin of 14.31% and a return on equity of 20.97%. The business had revenue of $139.10 million for the quarter, compared to analysts’ expectations of $139.89 million. During the same period last year, the business earned $1.18 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts predict that CoreSite Realty will post 5.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st were issued a $1.10 dividend. This is a boost from CoreSite Realty’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, December 28th. This represents a $4.40 annualized dividend and a dividend yield of 4.40%. CoreSite Realty’s dividend payout ratio (DPR) is currently 86.96%.

In other news, SVP Steven James Smith sold 3,200 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $100.00, for a total value of $320,000.00. Following the transaction, the senior vice president now owns 44,736 shares in the company, valued at $4,473,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. ETRADE Capital Management LLC grew its holdings in shares of CoreSite Realty by 11.7% in the fourth quarter. ETRADE Capital Management LLC now owns 20,404 shares of the real estate investment trust’s stock worth $1,780,000 after purchasing an additional 2,144 shares during the last quarter. Highstreet Asset Management Inc. grew its holdings in shares of CoreSite Realty by 8.0% in the fourth quarter. Highstreet Asset Management Inc. now owns 10,679 shares of the real estate investment trust’s stock worth $932,000 after purchasing an additional 792 shares during the last quarter. BlackRock Inc. grew its holdings in shares of CoreSite Realty by 3.5% in the fourth quarter. BlackRock Inc. now owns 3,883,540 shares of the real estate investment trust’s stock worth $338,762,000 after purchasing an additional 133,124 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of CoreSite Realty by 11.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,715 shares of the real estate investment trust’s stock worth $567,000 after purchasing an additional 691 shares during the last quarter. Finally, Green Street Investors LLC grew its holdings in shares of CoreSite Realty by 42.3% in the fourth quarter. Green Street Investors LLC now owns 41,700 shares of the real estate investment trust’s stock worth $3,637,000 after purchasing an additional 12,400 shares during the last quarter. Hedge funds and other institutional investors own 96.25% of the company’s stock.

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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