CoreSite Realty (NYSE:COR)‘s stock had its “buy” rating restated by equities researchers at SunTrust Banks in a research note issued on Thursday. They currently have a $133.00 price target on the real estate investment trust’s stock. SunTrust Banks’ target price suggests a potential upside of 18.63% from the company’s current price.

A number of other brokerages have also weighed in on COR. 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. BidaskClub upgraded CoreSite Realty from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. J P Morgan Chase & Co started coverage on CoreSite Realty in a research note on Monday, September 25th. They issued a “neutral” rating and a $118.00 target price on the stock. Citigroup upped 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. Finally, William Blair started coverage on CoreSite Realty in a report on Friday, September 22nd. They issued an “outperform” rating for the company. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. CoreSite Realty presently has a consensus rating of “Buy” and a consensus price target of $109.55.

CoreSite Realty (COR) traded up $0.76 during trading hours on Thursday, hitting $112.11. The company had a trading volume of 307,600 shares, compared to its average volume of 425,603. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.29. CoreSite Realty has a 12 month low of $71.30 and a 12 month high of $120.85. The company has a market cap of $3,812.79, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 1.46 and a beta of 0.44.

CoreSite Realty (NYSE:COR) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.64). The business had revenue of $123.07 million during the quarter, compared to the consensus estimate of $121.27 million. CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. CoreSite Realty’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 earnings per share. sell-side analysts predict that CoreSite Realty will post 4.48 EPS for the current fiscal year.

In related 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 transaction of $546,850.00. Following the completion of the sale, the senior vice president now directly owns 36,613 shares in the company, valued at approximately $4,004,363.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Paul E. Szurek sold 3,805 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $117.48, for a total value of $447,011.40. Following the sale, the chief executive officer now owns 93,405 shares of the company’s stock, valued at $10,973,219.40. The disclosure for this sale can be found here. Insiders sold a total of 16,805 shares of company stock valued at $1,868,981 over the last quarter. Company insiders own 1.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its holdings in CoreSite Realty by 91.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,956 shares of the real estate investment trust’s stock worth $3,240,000 after buying an additional 13,815 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in CoreSite Realty in the 3rd quarter worth approximately $1,199,000. Neuberger Berman Group LLC lifted its holdings in CoreSite Realty by 26.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 319,064 shares of the real estate investment trust’s stock worth $35,703,000 after buying an additional 67,201 shares during the period. California Public Employees Retirement System lifted its holdings in CoreSite Realty by 10.6% in the 3rd quarter. California Public Employees Retirement System now owns 77,329 shares of the real estate investment trust’s stock worth $8,653,000 after buying an additional 7,429 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in CoreSite Realty by 7.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,407 shares of the real estate investment trust’s stock worth $1,053,000 after buying an additional 616 shares during the period. Institutional investors own 98.91% of the company’s stock.

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CoreSite Realty 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.

Analyst Recommendations for CoreSite Realty (NYSE:COR)

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