Analysts at J P Morgan Chase & Co began coverage on shares of CoreSite Realty Corporation (NYSE:COR) in a research report issued on Monday. The brokerage set a “neutral” rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the stock. 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. BidaskClub downgraded shares of CoreSite Realty Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $117.00 price target on shares of CoreSite Realty Corporation in a research note on Wednesday, June 14th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $110.00 price target on shares of CoreSite Realty Corporation in a research note on Thursday, June 8th. Finally, Macquarie reaffirmed a “hold” rating and set a $84.00 price target on shares of CoreSite Realty Corporation in a research note on Tuesday, July 4th. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CoreSite Realty Corporation currently has a consensus rating of “Hold” and a consensus target price of $98.00.

CoreSite Realty Corporation (COR) opened at 108.49 on Monday. CoreSite Realty Corporation has a 52 week low of $64.81 and a 52 week high of $120.85. The company’s 50 day moving average is $112.86 and its 200-day moving average is $102.39. The firm has a market cap of $3.71 billion, a P/E ratio of 62.42 and a beta of 0.56.

CoreSite Realty Corporation (NYSE:COR) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.02. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. The firm had revenue of $117.89 million for the quarter, compared to the consensus estimate of $117.32 million. During the same quarter in the previous year, the firm posted $0.89 EPS. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. Equities analysts expect that CoreSite Realty Corporation will post $1.83 earnings per share for the current year.

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In other news, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total value of $885,920.00. Following the completion of the sale, the chief financial officer now owns 110,493 shares of the company’s stock, valued at approximately $12,235,994.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul E. Szurek sold 3,805 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 93,405 shares of the company’s stock, valued at approximately $10,973,219.40. The disclosure for this sale can be found here. Insiders sold a total of 21,805 shares of company stock valued at $2,440,331 in the last three months. Insiders own 1.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Miles Capital Inc. increased its position in shares of CoreSite Realty Corporation by 0.3% in the 1st quarter. Miles Capital Inc. now owns 2,767 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 8 shares during the last quarter. Garrison Financial Corp increased its position in shares of CoreSite Realty Corporation by 0.8% in the 2nd quarter. Garrison Financial Corp now owns 3,115 shares of the real estate investment trust’s stock worth $322,000 after purchasing an additional 25 shares during the last quarter. Sei Investments Co. increased its position in shares of CoreSite Realty Corporation by 0.3% in the 2nd quarter. Sei Investments Co. now owns 8,515 shares of the real estate investment trust’s stock worth $881,000 after purchasing an additional 28 shares during the last quarter. Profund Advisors LLC increased its position in shares of CoreSite Realty Corporation by 0.6% in the 2nd quarter. Profund Advisors LLC now owns 7,163 shares of the real estate investment trust’s stock worth $742,000 after purchasing an additional 45 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of CoreSite Realty Corporation by 4.6% in the 2nd quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 56 shares during the last quarter. 98.32% of the stock is owned by institutional investors.

CoreSite Realty Corporation 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 Corporation (NYSE:COR)

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