CoreSite Realty Corp. (NYSE:COR) shares traded up 2.8% during mid-day trading on Friday . The company 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.

A number of research analysts have issued reports on the company. Jefferies Group reduced their price objective on CoreSite Realty Corp. from $102.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday. Zacks Investment Research upgraded CoreSite Realty Corp. from a “hold” rating to a “strong-buy” rating and set a $83.00 price objective for the company in a research note on Tuesday, April 19th. SunTrust Banks Inc. assumed coverage on CoreSite Realty Corp. in a research note on Thursday, July 21st. They issued a “buy” rating and a $100.00 price objective for the company. Canaccord Genuity assumed coverage on CoreSite Realty Corp. in a research note on Tuesday, June 7th. They issued a “buy” rating and a $92.00 price objective for the company. Finally, Citigroup Inc. upped their price objective on CoreSite Realty Corp. from $75.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $81.50.

The company has a market cap of $2.75 billion and a price-to-earnings ratio of 61.40. The stock has a 50 day moving average price of $84.62 and a 200 day moving average price of $74.38.

CoreSite Realty Corp. (NYSE:COR) last posted its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.03. The business earned $96.10 million during the quarter, compared to analysts’ expectations of $96.09 million. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS. Equities analysts expect that CoreSite Realty Corp. will post $3.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Tuesday, June 28th.

In other news, SVP Derek Mccandless sold 10,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $82.37, for a total value of $823,700.00. Following the completion of the transaction, the senior vice president now owns 76,066 shares in the company, valued at $6,265,556.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $82.61, for a total value of $660,880.00. Following the completion of the transaction, the chief financial officer now owns 117,644 shares of the company’s stock, valued at approximately $9,718,570.84. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have bought and sold shares of COR. Summit Securities Group LLC boosted its position in 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 valued at $1,032,000 after buying an additional 17,900 shares in 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 valued at $1,119,000 after buying an additional 11,156 shares during the last quarter. Comerica Bank raised its stake in shares of CoreSite Realty Corp. by 15.6% in the fourth quarter. Comerica Bank now owns 30,949 shares of the real estate investment trust’s stock valued at $1,754,000 after buying an additional 4,169 shares during the last quarter. Alpine Woods Capital Investors LLC raised its stake in shares of CoreSite Realty Corp. by 1.1% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 38,601 shares of the real estate investment trust’s stock valued at $2,189,000 after buying an additional 430 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of CoreSite Realty Corp. by 2.1% in the fourth quarter. New York State Common Retirement Fund now owns 39,207 shares of the real estate investment trust’s stock valued at $2,224,000 after buying an additional 823 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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