Shares of CoreSite Realty Corp. (NYSE:COR) have been given a consensus recommendation of “Buy” by the ten analysts that are covering the stock. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $84.17.

Several research firms have recently commented on COR. Zacks Investment Research downgraded CoreSite Realty Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. Cowen and Company raised CoreSite Realty Corp. from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Tuesday, October 11th. Raymond James Financial Inc. began coverage on CoreSite Realty Corp. in a research note on Friday, October 7th. They issued a “market perform” rating on the stock. Stifel Nicolaus raised CoreSite Realty Corp. from a “sell” rating to a “hold” rating and set a $75.00 price objective on the stock in a research note on Monday, October 3rd. Finally, Jefferies Group reaffirmed a “buy” rating on shares of CoreSite Realty Corp. in a research note on Tuesday, September 13th.

Shares of CoreSite Realty Corp. (NYSE:COR) opened at 66.80 on Thursday. The company has a market cap of $2.23 billion, a P/E ratio of 46.71 and a beta of 0.73. CoreSite Realty Corp. has a 52-week low of $54.23 and a 52-week high of $91.91. The company has a 50-day moving average price of $74.34 and a 200-day moving average price of $78.96.

CoreSite Realty Corp. (NYSE:COR) last posted its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.90 EPS for the quarter, missing the consensus estimate of $0.91 by $0.01. CoreSite Realty Corp. had a return on equity of 10.18% and a net margin of 13.41%. The company earned $101.27 million during the quarter, compared to the consensus estimate of $104.35 million. During the same period last year, the business earned $0.74 EPS. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, equities analysts predict that CoreSite Realty Corp. will post $3.63 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.17%. The ex-dividend date was Wednesday, September 28th. CoreSite Realty Corp.’s dividend payout ratio is presently 149.30%.

In other CoreSite Realty Corp. news, insider Thomas M. Ray sold 21,179 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $81.57, for a total transaction of $1,727,571.03. Following the completion of the transaction, the insider now owns 391,186 shares in the company, valued at approximately $31,909,042.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Szurek purchased 1,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were purchased at an average price of $81.20 per share, with a total value of $81,200.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at $487,200. The disclosure for this purchase can be found here. Company insiders own 3.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in CoreSite Realty Corp. by 4.2% in the second quarter. Vanguard Group Inc. now owns 5,163,842 shares of the real estate investment trust’s stock valued at $457,981,000 after buying an additional 210,238 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of CoreSite Realty Corp. by 24.8% in the third quarter. BlackRock Fund Advisors now owns 2,493,902 shares of the real estate investment trust’s stock worth $184,649,000 after buying an additional 495,591 shares during the period. Wells Fargo & Company MN boosted its position in shares of CoreSite Realty Corp. by 390.5% in the third quarter. Wells Fargo & Company MN now owns 1,494,457 shares of the real estate investment trust’s stock worth $110,649,000 after buying an additional 1,189,797 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of CoreSite Realty Corp. by 8.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 996,027 shares of the real estate investment trust’s stock worth $73,746,000 after buying an additional 80,264 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in shares of CoreSite Realty Corp. by 9.4% in the second quarter. Lord Abbett & CO. LLC now owns 844,683 shares of the real estate investment trust’s stock worth $74,915,000 after buying an additional 72,380 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

CoreSite Realty Corp. Company Profile

CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust (REIT). Through its controlling interest in CoreSite, L.P. (Operating Partnership), the Company 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 (including Washington DC), New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.

5 Day Chart for NYSE:COR

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