CoreSite Realty (NYSE:COR) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other brokerages have also recently issued reports on COR. BidaskClub upgraded CoreSite Realty from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Credit Suisse Group set a $111.00 price objective on CoreSite Realty and gave the stock a “hold” rating in a research note on Friday, October 27th. J P Morgan Chase & Co started coverage on CoreSite Realty in a research note on Monday, September 25th. They issued a “neutral” rating and a $118.00 price objective for the company. Citigroup raised their price objective on CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, William Blair started coverage on CoreSite Realty in a research note on Friday, September 22nd. They issued an “outperform” rating for the company. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $108.45.

Shares of CoreSite Realty (COR) traded up $1.67 during midday trading on Friday, reaching $115.15. The company’s stock had a trading volume of 382,541 shares, compared to its average volume of 346,401. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $3,942.97, a P/E ratio of 26.23, a PEG ratio of 1.51 and a beta of 0.44. CoreSite Realty has a fifty-two week low of $67.83 and a fifty-two week high of $120.85.

CoreSite Realty (NYSE:COR) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.64). CoreSite Realty 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 analyst estimates of $121.27 million. During the same period in the prior year, the business posted $0.90 EPS. CoreSite Realty’s revenue was up 21.5% compared to the same quarter last year. analysts expect that CoreSite Realty will post 4.48 EPS for the current year.

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

Hedge funds have recently made changes to their positions in the stock. Garrison Financial Corp increased its position in shares of CoreSite Realty by 0.8% in the second 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 in the last quarter. Sei Investments Co. increased its position in shares of CoreSite Realty by 0.3% in the second 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 in the last quarter. Profund Advisors LLC increased its position in shares of CoreSite Realty by 0.6% in the second 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 in the last quarter. LS Investment Advisors LLC increased its position in shares of CoreSite Realty by 4.6% in the second 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 in the last quarter. Finally, US Bancorp DE increased its position in shares of CoreSite Realty by 6.7% in the second 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 in the last quarter. Institutional investors own 98.98% of the company’s stock.

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CoreSite Realty 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.

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Analyst Recommendations for CoreSite Realty (NYSE:COR)

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