CoreSite Realty Corporation (NYSE:COR) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Credit Suisse Group set a $111.00 target price on shares of CoreSite Realty Corporation and gave the stock a “hold” rating in a research note on Friday, October 27th. Citigroup Inc. upped their target price on shares of CoreSite Realty Corporation from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Cowen and Company reaffirmed a “buy” rating and set a $111.00 target price on shares of CoreSite Realty Corporation in a research note on Thursday, October 19th. Finally, KeyCorp reaffirmed a “hold” rating on shares of CoreSite Realty Corporation in a research note on Thursday, October 12th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CoreSite Realty Corporation presently has a consensus rating of “Buy” and an average price target of $107.20.

Shares of CoreSite Realty Corporation (COR) opened at $117.97 on Thursday. The stock has a market cap of $3,967.22, a P/E ratio of 26.39, a PEG ratio of 1.57 and a beta of 0.43. CoreSite Realty Corporation has a 52 week low of $64.81 and a 52 week 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.

CoreSite Realty Corporation (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 analysts’ consensus estimates of $1.10 by ($0.64). The company had revenue of $123.07 million during the quarter, compared to analysts’ expectations of $121.27 million. CoreSite Realty Corporation had a net margin of 15.21% and a return on equity of 15.35%. CoreSite Realty Corporation’s revenue was up 21.5% on a year-over-year basis. During the same period last year, the firm posted $0.90 earnings per share. sell-side analysts anticipate that CoreSite Realty Corporation will post 4.48 earnings per share for the current fiscal year.

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In other CoreSite Realty Corporation news, CEO Paul E. Szurek sold 3,805 shares of the 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 sale, the chief executive officer now directly owns 93,405 shares of the company’s stock, valued at approximately $10,973,219.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Derek Mccandless sold 5,000 shares of the 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 completion of the sale, the senior vice president now directly owns 36,613 shares in the company, valued at $4,004,363.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,805 shares of company stock worth $1,868,981. Insiders own 1.50% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Wells Fargo & Company MN increased its position in shares of CoreSite Realty Corporation by 2.9% in the 2nd quarter. Wells Fargo & Company MN now owns 1,632,276 shares of the real estate investment trust’s stock valued at $168,990,000 after purchasing an additional 45,502 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of CoreSite Realty Corporation by 5.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 876,830 shares of the real estate investment trust’s stock valued at $90,778,000 after purchasing an additional 47,340 shares during the last quarter. State Street Corp increased its position in shares of CoreSite Realty Corporation by 8.3% in the 1st quarter. State Street Corp now owns 826,392 shares of the real estate investment trust’s stock valued at $74,416,000 after purchasing an additional 63,493 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of CoreSite Realty Corporation by 44.9% in the 2nd 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 last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of 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 valued at $52,529,000 after purchasing an additional 176,489 shares during the last quarter. 99.66% of the stock is currently owned by institutional investors.

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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