BidaskClub upgraded shares of CoreSite Realty Corporation (NYSE:COR) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

A number of other research firms also recently weighed in on COR. Zacks Investment Research raised shares of CoreSite Realty Corporation from a sell rating to a hold rating and set a $124.00 price target for the company in a research report on Monday, July 31st. Jefferies Group LLC reissued a buy rating and set a $119.00 price target on shares of CoreSite Realty Corporation in a research report on Tuesday, July 25th. Royal Bank Of Canada reissued a buy rating and set a $110.00 price target on shares of CoreSite Realty Corporation in a research report on Thursday, June 8th. Credit Suisse Group assumed 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 target for the company. Finally, Macquarie reissued a hold rating and set a $84.00 price target on shares of CoreSite Realty Corporation in a research report on Tuesday, July 4th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $98.00.

Shares of CoreSite Realty Corporation (NYSE COR) opened at 115.74 on Friday. CoreSite Realty Corporation has a 52 week low of $64.81 and a 52 week high of $116.40. The firm has a market capitalization of $3.96 billion, a P/E ratio of 66.59 and a beta of 0.57. The firm has a 50-day moving average of $107.92 and a 200 day moving average of $98.99.

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

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In other CoreSite Realty Corporation news, 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 of the company’s stock, valued at $5,243,727.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $885,920.00. Following the completion of the transaction, the chief financial officer now directly owns 110,493 shares of the company’s stock, valued at approximately $12,235,994.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,000 shares of company stock valued at $3,048,120. 1.50% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in COR. Creative Planning increased its position in CoreSite Realty Corporation by 129.2% in the first quarter. Creative Planning now owns 2,292 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 1,292 shares in the last quarter. Jane Street Group LLC acquired a new position in CoreSite Realty Corporation during the first quarter worth approximately $233,000. Raymond James Financial Services Advisors Inc. acquired a new position in CoreSite Realty Corporation during the first quarter worth approximately $722,000. State of Tennessee Treasury Department increased its position in CoreSite Realty Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 31,850 shares of the real estate investment trust’s stock worth $2,868,000 after buying an additional 4,807 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD acquired a new position in CoreSite Realty Corporation during the first quarter worth approximately $6,154,000. 98.47% of the stock is owned by hedge funds and other institutional investors.

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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