Several analysts have recently updated their ratings and price targets for CoreSite Realty Corporation (NYSE: COR):

  • 8/3/2017 – CoreSite Realty Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/31/2017 – CoreSite Realty Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $124.00 price target on the stock. According to Zacks, “Coresite Realty Corporation provides data center products and interconnection services. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. It serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. CoreSite Realty Corporation is headquartered in Denver, Colorado. “
  • 7/25/2017 – CoreSite Realty Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $119.00 price target on the stock.
  • 7/18/2017 – CoreSite Realty Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 7/17/2017 – CoreSite Realty Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Coresite Realty Corporation provides data center products and interconnection services. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. It serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. CoreSite Realty Corporation is headquartered in Denver, Colorado. “
  • 7/14/2017 – CoreSite Realty Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $117.00 price target on the stock.
  • 7/4/2017 – CoreSite Realty Corporation had its “hold” rating reaffirmed by analysts at Macquarie. They now have a $84.00 price target on the stock.
  • 7/4/2017 – CoreSite Realty Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Coresite Realty Corporation provides data center products and interconnection services. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. It serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. CoreSite Realty Corporation is headquartered in Denver, Colorado. “
  • 6/30/2017 – CoreSite Realty Corporation is now covered by analysts at Credit Suisse Group. They set a “neutral” rating and a $103.00 price target on the stock.
  • 6/28/2017 – CoreSite Realty Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/28/2017 – CoreSite Realty Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $118.00 price target on the stock. According to Zacks, “Coresite Realty Corporation provides data center products and interconnection services. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. It serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. CoreSite Realty Corporation is headquartered in Denver, Colorado. “
  • 6/14/2017 – CoreSite Realty Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $117.00 price target on the stock.
  • 6/8/2017 – CoreSite Realty Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $110.00 price target on the stock.

CoreSite Realty Corporation (NYSE:COR) traded down 0.06% during mid-day trading on Monday, reaching $107.95. 305,932 shares of the company’s stock traded hands. The company has a 50 day moving average price of $106.14 and a 200-day moving average price of $96.11. The stock has a market cap of $3.69 billion, a P/E ratio of 62.11 and a beta of 0.57. 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 posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.02. The firm had revenue of $117.89 million for the quarter, compared to the consensus estimate of $117.32 million. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. On average, analysts anticipate that CoreSite Realty Corporation will post $1.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.33%. This is an increase from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, June 28th. CoreSite Realty Corporation’s payout ratio is currently 206.90%.

In other CoreSite Realty Corporation news, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total transaction of $885,920.00. Following the transaction, the chief financial officer now directly owns 110,493 shares of the company’s stock, valued at approximately $12,235,994.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $105.48, for a total transaction of $1,054,800.00. Following the transaction, the senior vice president now directly owns 49,713 shares in the company, valued at $5,243,727.24. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock worth $3,048,120 over the last ninety days. Insiders own 3.10% of the company’s stock.

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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