Shares of CoreSite Realty Corporation (NYSE:COR) have been given an average rating of “Hold” by the thirteen ratings firms that are covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $96.67.

Several research firms have recently issued reports on COR. BidaskClub cut shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Credit Suisse Group began coverage on shares of CoreSite Realty Corporation in a research report on Friday, June 30th. They set a “neutral” rating and a $103.00 price objective for the company. Zacks Investment Research raised shares of 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. Macquarie reaffirmed a “hold” rating and set a $84.00 price objective on shares of CoreSite Realty Corporation in a research report on Tuesday, July 4th. Finally, Wells Fargo & Company began coverage on shares of CoreSite Realty Corporation in a research report on Wednesday, May 17th. They set a “market perform” rating and a $94.00 price objective for the company.

In other news, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total transaction of $885,920.00. Following the transaction, the chief financial officer now directly owns 110,493 shares in the company, valued at $12,235,994.82. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Derek Mccandless sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total transaction of $1,107,400.00. Following the transaction, the senior vice president now owns 48,913 shares in the company, valued at $5,416,625.62. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. IFP Advisors Inc grew its position in CoreSite Realty Corporation by 203.8% during the first quarter. IFP Advisors Inc now owns 1,188 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 797 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in CoreSite Realty Corporation by 1.4% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,289 shares of the real estate investment trust’s stock worth $476,000 after buying an additional 75 shares during the period. Great West Life Assurance Co. Can grew its position in CoreSite Realty Corporation by 6.4% during the first quarter. Great West Life Assurance Co. Can now owns 47,336 shares of the real estate investment trust’s stock worth $4,261,000 after buying an additional 2,850 shares during the period. First Trust Advisors LP grew its position in CoreSite Realty Corporation by 73.5% during the first quarter. First Trust Advisors LP now owns 18,520 shares of the real estate investment trust’s stock worth $1,668,000 after buying an additional 7,845 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in CoreSite Realty Corporation by 30.0% during the first quarter. Daiwa Securities Group Inc. now owns 2,600 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 98.47% of the company’s stock.

CoreSite Realty Corporation (NYSE:COR) traded down 3.34% on Wednesday, hitting $111.32. The stock had a trading volume of 755,156 shares. The firm’s 50 day moving average price is $112.23 and its 200-day moving average price is $101.60. CoreSite Realty Corporation has a 12 month low of $64.81 and a 12 month high of $120.85. The stock has a market cap of $3.81 billion, a PE ratio of 64.05 and a beta of 0.56.

CoreSite Realty Corporation (NYSE:COR) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.02. The business had revenue of $117.89 million during the quarter, compared to analysts’ expectations of $117.32 million. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. On average, analysts forecast that CoreSite Realty Corporation will post $1.83 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.23%. CoreSite Realty Corporation’s dividend payout ratio (DPR) is 206.90%.

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About CoreSite Realty Corporation

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 Corporation (NYSE:COR)

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