Revenue Update on CoreSite Realty Corp(NYSE:COR)

CoreSite Realty Corp(NYSE:COR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $96.09M. Analysts estimated a revenue of $96.09M. Earnings per share were $0.89. Analysts had estimated an EPS of $0.86.

In a different note, SunTrust Robinson Humphrey said it Initiates Coverage on CoreSite Realty Corp, according to a research note issued on Jul 21, 2016. The shares have been rated ‘Buy’ by the firm. On Jul 11, 2016, Stifel Nicolaus said it Downgrades its rating on CoreSite Realty Corp. The shares have been rated ‘Sell’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on CoreSite Realty Corp. In the research note, the firm Raises the price-target to $75.00 per share. The shares have been rated ‘Neutral’ by the firm. Canaccord Genuity said it Initiates Coverage on CoreSite Realty Corp, according to a research note issued on Jun 7, 2016. The shares have been rated ‘Buy’ by the firm.

CoreSite Realty Corp (COR) made into the market gainers list on Thursdays trading session with the shares advancing 0.39% or 0.31 points. Due to strong positive momentum, the stock ended at $80.39, which is also near the day’s high of $80.79. The stock began the session at $80.06 and the volume stood at 4,70,629 shares. The 52-week high of the shares is $91.91 and the 52 week low is $46.01. The company has a current market capitalization of $2,727 M and it has 3,39,26,862 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Peter D Staple (CEO) purchased 12,500 shares at $3.60 per share price.Also, On May 4, 2016, Derek Mccandless (SVP, Legal and General Counsel) sold 10,000 shares at $75.47 per share price.On May 4, 2016, Jeffrey S Finnin (CFO and Treasurer) sold 4,000 shares at $75.75 per share price, according to the Form-4 filing with the securities and exchange commission.

CoreSite Realty Corporation (CoreSite) is an integrated self-administered and self-managed real estate investment trust (REIT). CoreSite L.P. (Operating Partnership) is a limited partnership of which the Company is the sole general partner. Through its controlling interest in CoreSite L.P. the Company is engaged in the business of ownership acquisition construction and management of data centers across a range of markets in the United States including the New York; Northern Virginia which include Washington D.C.; San Francisco Bay areas; Los Angeles; Chicago; Boston; Miami and Denver. The Company offers its solutions to approximately 800 enterprises network operators cloud providers and supporting service providers. The Company’s property portfolio includes approximately 16 operating data center facilities development projects space and land held for development which collectively consists of approximately 2.7 million net rentable square feet.

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