CoreSite Realty Corp. (NYSE:COR)’s share price shot up 2.8% during trading on Friday . The stock traded as high as $83.21 and last traded at $82.03, with a volume of 517,169 shares trading hands. The stock had previously closed at $79.77.

Several equities analysts have issued reports on COR shares. Stephens cut shares of CoreSite Realty Corp. from an “overweight” rating to an “equal weight” rating in a research report on Friday, April 29th. SunTrust Banks Inc. started coverage on shares of CoreSite Realty Corp. in a research report on Thursday, July 21st. They issued a “buy” rating and a $100.00 price target for the company. Zacks Investment Research upgraded shares of CoreSite Realty Corp. from a “hold” rating to a “strong-buy” rating and set a $83.00 price target for the company in a research report on Tuesday, April 19th. Citigroup Inc. upped their price target on shares of CoreSite Realty Corp. from $75.00 to $88.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Finally, Jefferies Group decreased their price target on shares of CoreSite Realty Corp. from $102.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $81.50.

The stock has a market capitalization of $2.75 billion and a P/E ratio of 61.40. The firm has a 50 day moving average of $84.64 and a 200-day moving average of $74.29.

CoreSite Realty Corp. (NYSE:COR) last announced its earnings results on Thursday, July 28th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.03. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The company had revenue of $96.10 million for the quarter, compared to the consensus estimate of $96.09 million. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, equities analysts anticipate that CoreSite Realty Corp. will post $3.61 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.53 per share. The ex-dividend date was Tuesday, June 28th. This represents a $2.12 annualized dividend and a yield of 2.58%.

In related news, CEO Peter D. Staple bought 12,500 shares of the company’s stock in a transaction on Monday, May 16th. The stock was acquired at an average cost of $3.60 per share, for a total transaction of $45,000.00. Following the completion of the transaction, the chief executive officer now directly owns 43,000 shares in the company, valued at approximately $154,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corp. stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $82.37, for a total transaction of $823,700.00. Following the sale, the senior vice president now owns 76,066 shares of the company’s stock, valued at $6,265,556.42. The disclosure for this sale can be found here.

A number of large investors recently made changes to their positions in COR. Morgan Stanley raised its stake in shares of CoreSite Realty Corp. by 138.8% in the fourth quarter. Morgan Stanley now owns 267,073 shares of the real estate investment trust’s stock valued at $15,149,000 after buying an additional 155,212 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of CoreSite Realty Corp. by 20.3% in the fourth quarter. Principal Financial Group Inc. now owns 207,715 shares of the real estate investment trust’s stock worth $11,781,000 after buying an additional 35,052 shares during the last quarter. Summit Securities Group LLC raised its stake in shares of CoreSite Realty Corp. by 5,966.7% in the fourth quarter. Summit Securities Group LLC now owns 18,200 shares of the real estate investment trust’s stock worth $1,032,000 after buying an additional 17,900 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of CoreSite Realty Corp. by 130.3% in the fourth quarter. GSA Capital Partners LLP now owns 19,720 shares of the real estate investment trust’s stock worth $1,119,000 after buying an additional 11,156 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of CoreSite Realty Corp. by 10.0% in the fourth quarter. California Public Employees Retirement System now owns 98,000 shares of the real estate investment trust’s stock worth $5,559,000 after buying an additional 8,900 shares during the last quarter.

CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust (REIT). Through its controlling interest in CoreSite, L.P. (Operating Partnership), the Company 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 (including Washington DC), New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.

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