SunTrust Robinson Humphrey Initiates Coverage on CoreSite Realty Corp to Buy

SunTrust Robinson Humphrey Initiates Coverage on CoreSite Realty Corp(NYSE:COR). The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Jul 21, 2016.

In a different note, 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. On Apr 29, 2016, Stephens & Co. said it Downgrades its rating on CoreSite Realty Corp. The shares have been rated ‘Equal-weight’ by the firm.

CoreSite Realty Corp (COR) made into the market gainers list on Wednesdays trading session with the shares advancing 0.67% or 0.57 points. Due to strong positive momentum, the stock ended at $85.29, which is also near the day’s high of $85.61. The stock began the session at $84.85 and the volume stood at 3,01,904 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 $2,637 M and it has 3,09,14,685 shares in outstanding.

CoreSite Realty Corp(COR) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $92.48M. Analysts had an estimated revenue of $93.99M. Earnings per share were $0.86. Analysts had estimated an EPS of $0.83.

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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