CoreSite Realty Corporation (NYSE:COR)‘s stock had its “hold” rating reaffirmed by equities research analysts at KeyCorp in a note issued to investors on Thursday.

Several other equities analysts have also weighed in on the company. Zacks Investment Research raised CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Wednesday, September 27th. J P Morgan Chase & Co initiated coverage on CoreSite Realty Corporation in a report on Monday, September 25th. They set a “neutral” rating and a $118.00 price objective for the company. William Blair initiated coverage on CoreSite Realty Corporation in a report on Friday, September 22nd. They set an “outperform” rating for the company. BidaskClub raised CoreSite Realty Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $119.00 price objective on shares of CoreSite Realty Corporation in a report on Tuesday, July 25th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. CoreSite Realty Corporation presently has an average rating of “Buy” and a consensus target price of $104.56.

Shares of CoreSite Realty Corporation (COR) traded up 0.39% on Thursday, hitting $113.78. The stock had a trading volume of 420,922 shares. The company has a 50-day moving average of $113.54 and a 200 day moving average of $104.91. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 65.47 and a beta of 0.56. CoreSite Realty Corporation has a 52 week low of $64.81 and a 52 week high of $120.85.

CoreSite Realty Corporation (NYSE:COR) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.02. The company had revenue of $117.89 million during the quarter, compared to the consensus estimate of $117.32 million. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. CoreSite Realty Corporation’s revenue was up 22.7% on a year-over-year basis. During the same period last year, the business posted $0.89 earnings per share. On average, equities research analysts predict that CoreSite Realty Corporation will post $1.82 EPS for the current year.

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In other news, SVP Derek Mccandless sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $1,107,400.00. Following the completion of the transaction, the senior vice president now directly owns 48,913 shares of the company’s stock, valued at $5,416,625.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul E. Szurek sold 3,805 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total value of $447,011.40. Following the completion of the transaction, the chief executive officer now directly owns 93,405 shares of the company’s stock, valued at $10,973,219.40. The disclosure for this sale can be found here. Insiders sold 21,805 shares of company stock valued at $2,440,331 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its holdings 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 acquiring an additional 75 shares during the period. LS Investment Advisors LLC boosted its holdings 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 acquiring an additional 56 shares during the period. IFP Advisors Inc boosted its holdings in shares of CoreSite Realty Corporation by 14.6% in the second quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 174 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings 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 acquiring an additional 783 shares during the period. Finally, Schroder Investment Management Group bought a new position in shares of CoreSite Realty Corporation in the second quarter worth $188,000. 98.32% of the stock is 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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