CoreSite Realty Corporation (NYSE:COR) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $96.67.

COR has been the topic of a number of research analyst reports. Zacks Investment Research lowered CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Citigroup Inc. lowered CoreSite Realty Corporation from a “buy” rating to a “neutral” rating and set a $103.00 price target on the stock. in a report on Wednesday, May 3rd. Wells Fargo & Company initiated coverage on CoreSite Realty Corporation in a report on Wednesday, May 17th. They set a “market perform” rating and a $94.00 price target on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $110.00 price target on shares of CoreSite Realty Corporation in a report on Thursday, June 8th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $117.00 price target on shares of CoreSite Realty Corporation in a report on Wednesday, June 14th.

Shares of CoreSite Realty Corporation (NYSE COR) traded up 0.21% during trading on Friday, hitting $110.11. 338,094 shares of the stock were exchanged. CoreSite Realty Corporation has a 12-month low of $64.81 and a 12-month high of $113.55. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 63.35 and a beta of 0.57. The firm has a 50 day moving average of $106.31 and a 200-day moving average of $97.99.

CoreSite Realty Corporation (NYSE:COR) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The company had revenue of $117.89 million for the quarter, compared to analysts’ expectations of $117.32 million. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The firm’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. On average, analysts forecast that CoreSite Realty Corporation will post $1.83 earnings per share for the current year.

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In related news, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $885,920.00. Following the transaction, the chief financial officer now owns 110,493 shares of the company’s stock, valued at approximately $12,235,994.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction dated Thursday, June 1st. The stock was 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 in the company, valued at approximately $5,243,727.24. The disclosure for this sale can be found here. Insiders sold a total of 28,000 shares of company stock worth $3,048,120 in the last three months. 3.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC bought a new position in shares of CoreSite Realty Corporation during the second quarter worth $103,000. IFP Advisors Inc raised its stake in shares of CoreSite Realty Corporation by 203.8% in the first quarter. IFP Advisors Inc now owns 1,188 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 797 shares during the last quarter. US Bancorp DE raised its stake 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. LS Investment Advisors LLC raised its stake 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. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of CoreSite Realty Corporation by 115.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 783 shares during the last quarter.

About CoreSite Realty Corporation

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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