CoreSite Realty Corporation (NYSE:COR) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $113.78 and last traded at $114.06, with a volume of 479,238 shares. The stock had previously closed at $111.82.

A number of research analysts recently issued reports on the company. BidaskClub raised CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 price objective for the company in a research report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and set a $119.00 price objective on shares of CoreSite Realty Corporation in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $110.00 price objective on shares of CoreSite Realty Corporation in a research report on Thursday, June 8th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $98.00.

The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 65.8041 and a beta of 0.57. The stock’s 50 day moving average price is $106.55 and its 200-day moving average price is $98.35.

CoreSite Realty Corporation (NYSE:COR) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.02. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The firm had revenue of $117.89 million for the quarter, compared to analyst estimates of $117.32 million. During the same quarter last year, the company earned $0.89 EPS. The company’s revenue was up 22.7% on a year-over-year basis. On average, equities analysts predict that CoreSite Realty Corporation will post $1.84 EPS for the current year.

In other news, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $885,920.00. Following the transaction, the chief financial officer now owns 110,493 shares in the company, valued at approximately $12,235,994.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $105.48, for a total value of $1,054,800.00. Following the completion of the transaction, the senior vice president now owns 49,713 shares in the company, valued at approximately $5,243,727.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,000 shares of company stock worth $3,048,120. Corporate insiders own 1.50% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc raised its position in shares of CoreSite Realty Corporation by 203.8% in the first quarter. IFP Advisors Inc now owns 1,188 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 797 shares during the last quarter. US Bancorp DE raised its position in shares of CoreSite Realty Corporation by 6.7% in the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 75 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of CoreSite Realty Corporation by 4.6% in the second quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 56 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of CoreSite Realty Corporation by 115.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 783 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new position in shares of CoreSite Realty Corporation during the second quarter valued at about $188,000.

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CoreSite Realty Corporation Company Profile

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.

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