Jefferies Group LLC reaffirmed their buy rating on shares of CoreSite Realty Corporation (NYSE:COR) in a research report report published on Tuesday. Jefferies Group LLC currently has a $119.00 price objective on the real estate investment trust’s stock.

COR has been the subject of several other research reports. Credit Suisse Group assumed coverage on shares of CoreSite Realty Corporation in a report on Friday, June 30th. They issued a neutral rating and a $103.00 price target for the company. BidaskClub lowered shares of CoreSite Realty Corporation from a strong-buy rating to a buy rating in a report on Wednesday, June 28th. Wells Fargo & Company assumed coverage on shares of CoreSite Realty Corporation in a report on Wednesday, May 17th. They issued a market perform rating and a $94.00 price target for the company. Citigroup Inc. lowered shares of CoreSite Realty Corporation from a buy rating to a neutral rating and set a $103.00 price target for the company. in a report on Wednesday, May 3rd. Finally, Macquarie assumed coverage on shares of CoreSite Realty Corporation in a report on Thursday, April 6th. They issued a neutral rating and a $84.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $97.40.

Shares of CoreSite Realty Corporation (NYSE COR) traded up 1.27% during mid-day trading on Tuesday, hitting $107.92. The stock had a trading volume of 354,157 shares. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 62.09 and a beta of 0.57. The stock’s 50-day moving average price is $105.92 and its 200-day moving average price is $95.53. CoreSite Realty Corporation has a 12-month low of $64.81 and a 12-month high of $113.55.

CoreSite Realty Corporation (NYSE:COR) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, beating the consensus estimate of $1.08 by $0.02. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. The company had revenue of $117.89 million during the quarter, compared to analysts’ expectations of $117.32 million. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, equities analysts anticipate that CoreSite Realty Corporation will post $1.77 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $0.90 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This is a positive change from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 3.34%. CoreSite Realty Corporation’s dividend payout ratio is presently 206.90%.

In related news, SVP Derek Mccandless sold 10,000 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $105.48, for a total value of $1,054,800.00. Following the completion of the transaction, the senior vice president now directly owns 49,713 shares of the company’s stock, valued at approximately $5,243,727.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $98.75, for a total transaction of $790,000.00. Following the completion of the transaction, the chief financial officer now directly owns 113,268 shares of the company’s stock, valued at $11,185,215. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,152 shares of company stock valued at $1,960,000. Company insiders own 3.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Miles Capital Inc. raised its position in shares of CoreSite Realty Corporation by 0.3% in the first quarter. Miles Capital Inc. now owns 2,767 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 8 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of CoreSite Realty Corporation by 4.6% in the second quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 56 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of CoreSite Realty Corporation by 1.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,289 shares of the real estate investment trust’s stock worth $476,000 after buying an additional 75 shares during the last quarter. US Bancorp DE raised its position in shares of CoreSite Realty Corporation by 6.7% in the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 75 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of CoreSite Realty Corporation by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 7,740 shares of the real estate investment trust’s stock worth $697,000 after buying an additional 80 shares during the last quarter.

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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