CoreSite Realty (NYSE:COR) had its target price lowered by investment analysts at Credit Suisse Group from $111.00 to $107.00 in a note issued to investors on Friday. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Credit Suisse Group’s target price points to a potential upside of 9.98% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Robert W. Baird cut their target price on CoreSite Realty from $129.00 to $126.00 and set an “outperform” rating on the stock in a research note on Friday. Citigroup cut their target price on CoreSite Realty from $115.00 to $105.00 and set a “neutral” rating on the stock in a research note on Friday. Jefferies Group reissued a “buy” rating on shares of CoreSite Realty in a research note on Thursday. Mitsubishi UFJ Financial Group assumed coverage on CoreSite Realty in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $124.00 target price on the stock. Finally, SunTrust Banks reissued a “buy” rating and issued a $133.00 target price on shares of CoreSite Realty in a research note on Thursday, December 7th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. CoreSite Realty presently has an average rating of “Buy” and a consensus price target of $112.75.

CoreSite Realty (NYSE:COR) traded up $0.92 on Friday, reaching $97.29. The company’s stock had a trading volume of 74,975 shares, compared to its average volume of 370,336. CoreSite Realty has a twelve month low of $83.82 and a twelve month high of $120.85. The company has a market capitalization of $3,508.38, a P/E ratio of 52.66, a price-to-earnings-growth ratio of 1.20 and a beta of 0.33. 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 (NYSE:COR) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. The firm had revenue of $125.95 million for the quarter, compared to analysts’ expectations of $125.71 million. During the same period in the prior year, the firm posted $1.06 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. sell-side analysts predict that CoreSite Realty will post 4.48 EPS for the current fiscal year.

In related news, SVP Steven James Smith sold 7,121 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $112.73, for a total transaction of $802,750.33. Following the sale, the senior vice president now directly owns 48,137 shares of the company’s stock, valued at $5,426,484.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have purchased 150,000 shares of company stock worth $55,000 and have sold 12,533 shares worth $1,379,689. Company insiders own 1.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC purchased a new stake in shares of CoreSite Realty during the third quarter valued at $9,571,000. Eagle Asset Management Inc. boosted its position in shares of CoreSite Realty by 4.4% during the third quarter. Eagle Asset Management Inc. now owns 66,444 shares of the real estate investment trust’s stock valued at $7,428,000 after buying an additional 2,771 shares during the last quarter. Copper Rock Capital Partners LLC boosted its position in CoreSite Realty by 47.7% in the fourth quarter. Copper Rock Capital Partners LLC now owns 72,787 shares of the real estate investment trust’s stock worth $8,315,000 after purchasing an additional 23,491 shares during the last quarter. Chicago Equity Partners LLC purchased a new position in CoreSite Realty in the third quarter worth about $630,000. Finally, Oppenheimer Asset Management Inc. boosted its position in CoreSite Realty by 64.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 11,303 shares of the real estate investment trust’s stock worth $1,266,000 after purchasing an additional 4,428 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors.

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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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