Jefferies Group reissued their buy rating on shares of CoreSite Realty (NYSE:COR) in a report released on Thursday.

Other research analysts also recently issued reports about the company. SunTrust Banks reissued a buy rating and issued a $121.00 price objective on shares of CoreSite Realty in a research note on Friday, November 17th. ValuEngine raised CoreSite Realty from a hold rating to a buy rating in a research note on Thursday, November 9th. Citigroup raised their price objective on CoreSite Realty from $109.00 to $115.00 and gave the company a buy rating in a research note on Friday, October 27th. Cowen reissued a buy rating and issued a $111.00 price objective on shares of CoreSite Realty in a research note on Thursday, October 19th. Finally, KeyCorp reissued a hold rating on shares of CoreSite Realty in a research note on Thursday, October 12th. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. CoreSite Realty currently has an average rating of Buy and an average target price of $112.75.

CoreSite Realty (COR) opened at $97.40 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.27 and a debt-to-equity ratio of 2.24. CoreSite Realty has a one year low of $83.82 and a one year high of $120.85. The firm has a market capitalization of $3,335.17, a P/E ratio of 52.93, a P/E/G ratio of 1.15 and a beta of 0.33.

CoreSite Realty (NYSE:COR) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.04. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. The business had revenue of $125.95 million for the quarter, compared to the consensus estimate of $125.71 million. During the same period last year, the business earned $1.06 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. research analysts predict that CoreSite Realty will post 5 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a $0.98 dividend. This is an increase from CoreSite Realty’s previous quarterly dividend of $0.90. This represents a $3.92 annualized dividend and a yield of 4.02%. The ex-dividend date was Thursday, December 28th. CoreSite Realty’s payout ratio is currently 213.04%.

In other CoreSite Realty news, SVP Steven James Smith sold 7,121 shares of CoreSite Realty stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $112.73, for a total value of $802,750.33. Following the transaction, the senior vice president now directly owns 48,137 shares of the company’s stock, valued at approximately $5,426,484.01. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last ninety days, insiders acquired 150,000 shares of company stock worth $55,000 and sold 12,533 shares worth $1,379,689. Insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Atlantic Trust Group LLC acquired a new stake in shares of CoreSite Realty during the 3rd quarter worth approximately $35,764,000. Fisher Asset Management LLC acquired a new stake in shares of CoreSite Realty during the 3rd quarter worth approximately $32,098,000. BlackRock Inc. grew its holdings in shares of CoreSite Realty by 6.2% during the 4th quarter. BlackRock Inc. now owns 3,362,411 shares of the real estate investment trust’s stock worth $382,978,000 after purchasing an additional 196,323 shares in the last quarter. Payden & Rygel grew its holdings in shares of CoreSite Realty by 3,343.6% during the 3rd quarter. Payden & Rygel now owns 134,300 shares of the real estate investment trust’s stock worth $15,028,000 after purchasing an additional 130,400 shares in the last quarter. Finally, Land & Buildings Investment Management LLC acquired a new stake in shares of CoreSite Realty during the 3rd quarter worth approximately $11,391,000. 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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