Shares of CoreSite Realty Corp (NYSE:COR) have earned a consensus recommendation of “Buy” from the sixteen brokerages that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $109.70.

COR has been the subject of several recent research reports. Zacks Investment Research upgraded CoreSite Realty from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Wednesday, September 27th. Citigroup lifted their price target on CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Cowen reiterated a “buy” rating and issued a $111.00 price target on shares of CoreSite Realty in a research report on Thursday, October 19th. SunTrust Banks reiterated a “buy” rating and issued a $121.00 price target on shares of CoreSite Realty in a research report on Friday, November 17th. Finally, ValuEngine upgraded CoreSite Realty from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th.

Shares of CoreSite Realty (NYSE:COR) traded down $3.03 during mid-day trading on Tuesday, hitting $105.67. The stock had a trading volume of 787,500 shares, compared to its average volume of 384,500. CoreSite Realty has a 1 year low of $82.64 and a 1 year 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 $5,260.00, a PE ratio of 57.43, a price-to-earnings-growth ratio of 1.23 and a beta of 0.44.

CoreSite Realty (NYSE:COR) last issued its 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). The firm had revenue of $123.07 million during the quarter, compared to the consensus estimate of $121.27 million. CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. research analysts forecast that CoreSite Realty will post 4.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Thursday, December 28th. This is a positive change from CoreSite Realty’s previous quarterly dividend of $0.90. CoreSite Realty’s payout ratio is 213.04%.

In other news, 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 transaction of $875,120.00. Following the completion of the sale, the chief financial officer now owns 98,562 shares of the company’s stock, valued at $10,781,697.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Derek Mccandless sold 5,000 shares of CoreSite Realty stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $109.37, for a total transaction of $546,850.00. Following the sale, the senior vice president now directly owns 36,613 shares of the company’s stock, valued at approximately $4,004,363.81. The disclosure for this sale can be found here. Insiders have sold 20,121 shares of company stock valued at $2,224,720 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Zions Bancorporation bought a new stake in shares of CoreSite Realty during the third quarter valued at approximately $170,000. Schroder Investment Management Group bought a new stake in shares of CoreSite Realty during the second quarter valued at approximately $188,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of CoreSite Realty during the fourth quarter valued at approximately $208,000. Park Avenue Securities LLC bought a new stake in shares of CoreSite Realty during the third quarter valued at approximately $207,000. Finally, FDx Advisors Inc. bought a new position in CoreSite Realty in the third quarter worth approximately $209,000. 98.02% of the stock is owned by hedge funds and other institutional investors.

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About CoreSite Realty

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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