KeyCorp reaffirmed their hold rating on shares of CoreSite Realty Corporation (NYSE:COR) in a research note issued to investors on Tuesday morning.

COR has been the topic of a number of other reports. Jefferies Group LLC reaffirmed a buy rating and issued a $119.00 price target on shares of CoreSite Realty Corporation in a research note on Tuesday, July 25th. BidaskClub raised shares of CoreSite Realty Corporation from a hold rating to a buy rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a buy rating and issued a $110.00 price target on shares of CoreSite Realty Corporation in a research note on Thursday, June 8th. Credit Suisse Group started coverage on shares of CoreSite Realty Corporation in a research note on Friday, June 30th. They issued a neutral rating and a $103.00 price target on the stock. Finally, Zacks Investment Research raised shares of CoreSite Realty Corporation from a hold rating to a buy rating and set a $118.00 price target on the stock in a research note on Wednesday, June 28th. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $98.00.

Shares of CoreSite Realty Corporation (NYSE:COR) opened at 110.59 on Tuesday. CoreSite Realty Corporation has a one year low of $64.81 and a one year high of $120.85. The company has a market capitalization of $3.79 billion, a PE ratio of 63.63 and a beta of 0.56. The stock has a 50 day moving average price of $112.61 and a 200 day moving average price of $101.89.

CoreSite Realty Corporation (NYSE:COR) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.02. The firm had revenue of $117.89 million for the quarter, compared to analyst estimates of $117.32 million. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. CoreSite Realty Corporation’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period last year, the company posted $0.89 EPS. On average, equities research analysts predict that CoreSite Realty Corporation will post $1.83 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Thursday, September 28th. CoreSite Realty Corporation’s dividend payout ratio (DPR) is 206.90%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COR. BlackRock Inc. lifted its stake in CoreSite Realty Corporation by 143,427.7% in the 1st quarter. BlackRock Inc. now owns 4,401,994 shares of the real estate investment trust’s stock worth $396,400,000 after purchasing an additional 4,398,927 shares in the last quarter. Capital Growth Management LP lifted its stake in CoreSite Realty Corporation by 345.5% in the 1st quarter. Capital Growth Management LP now owns 490,000 shares of the real estate investment trust’s stock worth $44,124,000 after purchasing an additional 380,000 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in CoreSite Realty Corporation by 34.7% in the 1st quarter. JPMorgan Chase & Co. now owns 829,490 shares of the real estate investment trust’s stock worth $74,695,000 after purchasing an additional 213,872 shares in the last quarter. Vanguard Group Inc. lifted its stake in CoreSite Realty Corporation by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 5,510,182 shares of the real estate investment trust’s stock worth $496,191,000 after purchasing an additional 198,067 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in CoreSite Realty Corporation by 53.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 507,385 shares of the real estate investment trust’s stock worth $52,529,000 after purchasing an additional 176,489 shares in the last quarter. 98.47% of the stock is currently owned by institutional investors and hedge funds.

About CoreSite Realty Corporation

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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