Equities researchers at Mitsubishi UFJ Financial Group initiated coverage on shares of CoreSite Realty (NYSE:COR) in a research note issued on Wednesday. The brokerage set an “overweight” rating and a $124.00 price target on the real estate investment trust’s stock. Mitsubishi UFJ Financial Group’s price target would suggest a potential upside of 9.97% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. SunTrust Banks reissued a “buy” rating and set a $133.00 target price on shares of CoreSite Realty in a research note on Thursday, December 7th. ValuEngine lowered CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research lowered CoreSite Realty 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 CoreSite Realty and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, Citigroup increased their target price on CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CoreSite Realty has a consensus rating of “Buy” and an average target price of $110.75.

CoreSite Realty (NYSE COR) opened at $112.76 on Wednesday. CoreSite Realty has a 12 month low of $81.36 and a 12 month high of $120.85. 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 stock has a market capitalization of $5,420.00, a PE ratio of 61.28, a P/E/G ratio of 1.31 and a beta of 0.44.

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

In other CoreSite Realty news, SVP Derek Mccandless sold 5,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $109.37, for a total value of $546,850.00. Following 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Steven James Smith sold 7,121 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $112.73, for a total value of $802,750.33. Following the completion of the sale, the senior vice president now directly owns 48,137 shares in the company, valued at approximately $5,426,484.01. The disclosure for this sale can be found here. Insiders sold a total of 20,121 shares of company stock worth $2,224,720 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Eagle Asset Management Inc. raised its position in CoreSite Realty by 4.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 66,444 shares of the real estate investment trust’s stock valued at $7,428,000 after purchasing an additional 2,771 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of CoreSite Realty in the 3rd quarter valued at about $630,000. Ranger Global Real Estate Advisors LLC purchased a new position in shares of CoreSite Realty in the 3rd quarter valued at about $8,529,000. Nationwide Fund Advisors increased its holdings in shares of CoreSite Realty by 3.4% in the 2nd quarter. Nationwide Fund Advisors now owns 51,343 shares of the real estate investment trust’s stock valued at $5,316,000 after acquiring an additional 1,704 shares during the last quarter. Finally, American Assets Capital Advisers increased its holdings in shares of CoreSite Realty by 23.0% in the 3rd quarter. American Assets Capital Advisers now owns 117,500 shares of the real estate investment trust’s stock valued at $13,149,000 after acquiring an additional 21,935 shares during the last quarter. 97.74% of the stock is currently 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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