CoreSite Realty (NYSE:COR)‘s stock had its “buy” rating restated by research analysts at SunTrust Banks in a research report issued to clients and investors on Thursday. They currently have a $133.00 target price on the real estate investment trust’s stock. SunTrust Banks’ price target suggests a potential upside of 18.63% from the stock’s current price.

Other equities analysts also recently issued reports about the company. BidaskClub upgraded CoreSite Realty from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Citigroup boosted their price objective on CoreSite Realty from $109.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Credit Suisse Group set a $111.00 price objective on CoreSite Realty and gave the company a “hold” rating in a research report on Friday, October 27th. ValuEngine upgraded CoreSite Realty from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, KeyCorp restated a “hold” rating on shares of CoreSite Realty in a research report on Tuesday, September 12th. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $109.55.

CoreSite Realty (NYSE COR) traded up $0.76 during trading hours on Thursday, reaching $112.11. The company’s stock had a trading volume of 307,600 shares, compared to its average volume of 425,603. CoreSite Realty has a twelve month low of $71.30 and a twelve month high of $120.85. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $3,812.79, a price-to-earnings ratio of 25.36, a PEG ratio of 1.46 and a beta of 0.44.

CoreSite Realty (NYSE:COR) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.64). CoreSite Realty had a net margin of 15.21% and a return on equity of 15.35%. The company had revenue of $123.07 million for the quarter, compared to the consensus estimate of $121.27 million. During the same period in the prior year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. equities analysts anticipate that CoreSite Realty will post 4.48 earnings per share for the current year.

In related news, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $109.39, for a total value of $875,120.00. Following the sale, the chief financial officer now directly owns 98,562 shares in the company, valued at $10,781,697.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Derek Mccandless sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $109.37, for a total value of $546,850.00. Following the completion of the sale, the senior vice president now owns 36,613 shares in the company, valued at $4,004,363.81. The disclosure for this sale can be found here. Insiders sold 16,805 shares of company stock worth $1,868,981 over the last quarter. 1.50% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of COR. Fisher Asset Management LLC purchased a new stake in shares of CoreSite Realty in the third quarter worth about $32,098,000. Goldman Sachs Group Inc. lifted its position in shares of CoreSite Realty by 53.3% in the second quarter. Goldman Sachs Group Inc. now owns 507,385 shares of the real estate investment trust’s stock worth $52,529,000 after buying an additional 176,489 shares in the last quarter. Principal Financial Group Inc. raised its position in CoreSite Realty by 44.9% during the second quarter. Principal Financial Group Inc. now owns 536,724 shares of the real estate investment trust’s stock valued at $55,567,000 after purchasing an additional 166,193 shares during the period. Payden & Rygel raised its position in CoreSite Realty by 3,343.6% during the third quarter. Payden & Rygel now owns 134,300 shares of the real estate investment trust’s stock valued at $15,028,000 after purchasing an additional 130,400 shares during the period. Finally, Renaissance Technologies LLC raised its position in CoreSite Realty by 45.6% during the second quarter. Renaissance Technologies LLC now owns 358,900 shares of the real estate investment trust’s stock valued at $37,157,000 after purchasing an additional 112,400 shares during the period. Institutional investors own 98.91% 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.

Analyst Recommendations for CoreSite Realty (NYSE:COR)

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