CoreSite Realty (NYSE:COR)‘s stock had its “buy” rating reaffirmed by investment analysts at SunTrust Banks in a research report issued on Thursday. They currently have a $133.00 price objective on the real estate investment trust’s stock. SunTrust Banks’ target price would suggest a potential upside of 15.19% from the stock’s current price. SunTrust Banks also issued estimates for CoreSite Realty’s Q4 2018 earnings at $1.32 EPS, Q1 2019 earnings at $1.36 EPS, Q2 2019 earnings at $1.33 EPS, Q3 2019 earnings at $1.43 EPS and FY2019 earnings at $5.60 EPS.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of CoreSite Realty from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Wednesday, September 27th. Citigroup lifted their price target on shares of CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Cowen reaffirmed a “buy” rating and set a $111.00 price target on shares of CoreSite Realty in a research note on Thursday, October 19th. BidaskClub raised shares of CoreSite Realty from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, ValuEngine raised shares of CoreSite Realty from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $109.55.

CoreSite Realty (NYSE COR) opened at $115.46 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The firm has a market cap of $5,590.00, a price-to-earnings ratio of 25.54, a P/E/G ratio of 1.47 and a beta of 0.44. CoreSite Realty has a 1-year low of $74.65 and a 1-year high of $120.85.

CoreSite Realty (NYSE:COR) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.64). The business had revenue of $123.07 million for the quarter, compared to analyst estimates of $121.27 million. CoreSite Realty had a net margin of 15.21% and a return on equity of 15.35%. The business’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 EPS. research analysts forecast that CoreSite Realty will post 4.48 earnings per share for the current fiscal year.

In other news, SVP Derek Mccandless sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $109.37, for a total value of $546,850.00. Following the completion of the sale, the senior vice president now owns 36,613 shares of the company’s stock, valued at approximately $4,004,363.81. 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 16,805 shares of company stock valued at $1,868,981 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 COR. Fisher Asset Management LLC bought a new stake in shares of CoreSite Realty in the 3rd quarter worth about $32,098,000. Goldman Sachs Group Inc. increased its position in shares of CoreSite Realty 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 during the last quarter. Principal Financial Group Inc. increased its position in shares of CoreSite Realty by 44.9% in the 2nd quarter. Principal Financial Group Inc. now owns 536,724 shares of the real estate investment trust’s stock worth $55,567,000 after purchasing an additional 166,193 shares during the last quarter. Payden & Rygel increased its position in shares of CoreSite Realty by 3,343.6% in the 3rd quarter. Payden & Rygel now owns 134,300 shares of the real estate investment trust’s stock worth $15,028,000 after purchasing an additional 130,400 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of CoreSite Realty by 45.6% in the 2nd quarter. Renaissance Technologies LLC now owns 358,900 shares of the real estate investment trust’s stock worth $37,157,000 after purchasing an additional 112,400 shares during the last quarter. 98.91% of the stock is owned by 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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