CoreSite Realty (COR) – Research Analysts’ Recent Ratings Updates

CoreSite Realty (NYSE: COR) recently received a number of ratings updates from brokerages and research firms:

  • 9/15/2021 – CoreSite Realty was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Coresite Realty Corporation provides data center products and interconnection services. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. It serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. CoreSite Realty Corporation is headquartered in Denver, Colorado. “
  • 9/14/2021 – CoreSite Realty was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $164.00 price target on the stock. According to Zacks, “Coresite Realty Corporation provides data center products and interconnection services. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. It serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. CoreSite Realty Corporation is headquartered in Denver, Colorado. “
  • 9/8/2021 – CoreSite Realty was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Coresite Realty Corporation provides data center products and interconnection services. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. It serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. CoreSite Realty Corporation is headquartered in Denver, Colorado. “
  • 9/6/2021 – CoreSite Realty was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $173.00 price target on the stock. According to Zacks, “Coresite Realty Corporation provides data center products and interconnection services. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. It serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. CoreSite Realty Corporation is headquartered in Denver, Colorado. “
  • 8/25/2021 – CoreSite Realty had its price target raised by analysts at Barclays PLC from $118.00 to $123.00. They now have an “underweight” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/16/2021 – CoreSite Realty had its price target raised by analysts at Royal Bank of Canada from $130.00 to $136.00. They now have a “sector perform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/10/2021 – CoreSite Realty was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Coresite Realty Corporation provides data center products and interconnection services. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. It serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. CoreSite Realty Corporation is headquartered in Denver, Colorado. “
  • 8/9/2021 – CoreSite Realty was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $158.00 price target on the stock. According to Zacks, “Coresite Realty Corporation provides data center products and interconnection services. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. It serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. CoreSite Realty Corporation is headquartered in Denver, Colorado. “
  • 8/4/2021 – CoreSite Realty was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Coresite Realty Corporation provides data center products and interconnection services. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. It serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. CoreSite Realty Corporation is headquartered in Denver, Colorado. “
  • 8/3/2021 – CoreSite Realty was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $155.00 price target on the stock. According to Zacks, “Coresite Realty Corporation provides data center products and interconnection services. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. It serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. CoreSite Realty Corporation is headquartered in Denver, Colorado. “
  • 7/30/2021 – CoreSite Realty had its price target raised by analysts at Wells Fargo & Company from $120.00 to $130.00. They now have an “underweight” rating on the stock.
  • 7/30/2021 – CoreSite Realty had its price target raised by analysts at Credit Suisse Group AG from $157.00 to $161.00. They now have an “outperform” rating on the stock.
  • 7/30/2021 – CoreSite Realty had its price target raised by analysts at Cowen Inc from $153.00 to $158.00. They now have an “outperform” rating on the stock.
  • 7/30/2021 – CoreSite Realty had its price target raised by analysts at Raymond James from $136.00 to $149.00. They now have an “outperform” rating on the stock.

COR opened at $149.57 on Tuesday. The company has a 50-day moving average of $143.52 and a 200-day moving average of $130.98. The company has a market capitalization of $6.61 billion, a P/E ratio of 72.61, a PEG ratio of 1.26 and a beta of 0.28. CoreSite Realty Co. has a 1-year low of $107.23 and a 1-year high of $155.40. The company has a debt-to-equity ratio of 80.93, a quick ratio of 0.18 and a current ratio of 0.18.

CoreSite Realty (NYSE:COR) last released its earnings results on Thursday, July 29th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.76). CoreSite Realty had a return on equity of 143.10% and a net margin of 13.98%. As a group, sell-side analysts expect that CoreSite Realty Co. will post 5.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Wednesday, September 29th. CoreSite Realty’s dividend payout ratio is presently 95.67%.

In other CoreSite Realty news, SVP Juan Font sold 600 shares of the company’s stock in a transaction dated Thursday, August 5th. The shares were sold at an average price of $139.11, for a total value of $83,466.00. Following the completion of the transaction, the senior vice president now owns 25,971 shares in the company, valued at approximately $3,612,825.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CRO Steven James Smith sold 5,435 shares of the company’s stock in a transaction dated Friday, July 30th. The stock was sold at an average price of $138.98, for a total transaction of $755,356.30. Following the completion of the transaction, the executive now owns 51,541 shares of the company’s stock, valued at approximately $7,163,168.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,856 shares of company stock valued at $1,508,604. Insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of COR. Texas Permanent School Fund lifted its stake in shares of CoreSite Realty by 0.3% in the 2nd quarter. Texas Permanent School Fund now owns 32,034 shares of the real estate investment trust’s stock worth $4,312,000 after acquiring an additional 82 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of CoreSite Realty by 72.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 234 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 98 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of CoreSite Realty by 0.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 27,062 shares of the real estate investment trust’s stock worth $3,232,000 after acquiring an additional 101 shares during the period. AGF Investments LLC lifted its stake in shares of CoreSite Realty by 2.0% in the 2nd quarter. AGF Investments LLC now owns 5,562 shares of the real estate investment trust’s stock worth $749,000 after acquiring an additional 107 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of CoreSite Realty by 0.9% in the 1st quarter. Arizona State Retirement System now owns 12,449 shares of the real estate investment trust’s stock worth $1,492,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors own 95.13% of the company’s stock.

CoreSite Realty Corp. is a real estate investment trust, which engages in the ownership, acquisition, construction and operation of strategically located data centers. The firm also offers collocation and interconnection solutions for networks, cloud services, and industry solutions. The company was founded in 2001 and is headquartered in Denver, CO.

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