ValuEngine upgraded shares of CoreSite Realty Corporation (NYSE:COR) from a hold rating to a buy rating in a research note released on Thursday morning.

A number of other research analysts also recently issued reports on the stock. BidaskClub upgraded shares of CoreSite Realty Corporation from a buy rating to a strong-buy rating in a research report on Friday, August 25th. Citigroup Inc. raised their price target on shares of CoreSite Realty Corporation from $109.00 to $115.00 and gave the stock a buy rating in a research report on Friday, October 27th. KeyCorp restated a hold rating on shares of CoreSite Realty Corporation in a research report on Tuesday, September 12th. Royal Bank Of Canada restated a buy rating on shares of CoreSite Realty Corporation in a research report on Tuesday, July 18th. Finally, Jefferies Group LLC restated a buy rating and issued a $119.00 price target on shares of CoreSite Realty Corporation in a research report on Tuesday, July 25th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $107.20.

CoreSite Realty Corporation (COR) traded down $0.41 during trading on Thursday, hitting $115.98. 271,268 shares of the stock were exchanged, compared to its average volume of 430,217. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.29. CoreSite Realty Corporation has a one year low of $64.81 and a one year high of $120.85. The company has a market cap of $5,540.00, a P/E ratio of 26.87, a P/E/G ratio of 1.60 and a beta of 0.43.

CoreSite Realty Corporation (NYSE:COR) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.64). CoreSite Realty Corporation had a return on equity of 15.35% and a net margin of 15.21%. The business had revenue of $123.07 million during the quarter, compared to the consensus estimate of $121.27 million. During the same quarter in the previous year, the business posted $0.90 earnings per share. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. equities analysts expect that CoreSite Realty Corporation will post 4.48 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a $0.90 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.60 annualized dividend and a yield of 3.10%. CoreSite Realty Corporation’s dividend payout ratio is presently 195.65%.

In other CoreSite Realty Corporation news, CFO Jeffrey S. Finnin sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $109.39, for a total transaction of $875,120.00. Following the transaction, the chief financial officer now owns 98,562 shares of the company’s stock, valued at approximately $10,781,697.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Paul E. Szurek sold 3,805 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $117.48, for a total transaction of $447,011.40. Following the transaction, the chief executive officer now directly owns 93,405 shares in the company, valued at approximately $10,973,219.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,805 shares of company stock worth $1,868,981. 1.50% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Garrison Financial Corp increased its stake in CoreSite Realty Corporation by 0.8% during the 2nd quarter. Garrison Financial Corp now owns 3,115 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 25 shares during the period. Sei Investments Co. increased its stake in CoreSite Realty Corporation by 0.3% during the 2nd quarter. Sei Investments Co. now owns 8,515 shares of the real estate investment trust’s stock valued at $881,000 after buying an additional 28 shares during the period. Profund Advisors LLC increased its stake in CoreSite Realty Corporation by 0.6% during the 2nd quarter. Profund Advisors LLC now owns 7,163 shares of the real estate investment trust’s stock valued at $742,000 after buying an additional 45 shares during the period. LS Investment Advisors LLC increased its stake in CoreSite Realty Corporation by 4.6% during the 2nd quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 56 shares during the period. Finally, US Bancorp DE increased its stake in CoreSite Realty Corporation by 6.7% during the 2nd quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 75 shares during the period. 99.66% of the stock is currently owned by hedge funds and other institutional investors.

CoreSite Realty Corporation Company Profile

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.

Analyst Recommendations for CoreSite Realty Corporation (NYSE:COR)

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