Media headlines about CoreSite Realty (NYSE:COR) have been trending somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CoreSite Realty earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.5549961743675 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Notable Two Hundred Day Moving Average Cross – COR (nasdaq.com)
- CoreSite Realty (COR) Coverage Initiated at Mitsubishi UFJ Financial Group (americanbankingnews.com)
- Stocks Showing Improved Relative Strength: CoreSite Realty (finance.yahoo.com)
- How “Top Stock Picks” For 2017 Performed – ValueWalk (valuewalk.com)
- CoreSite Realty Corp (COR) Expected to Post Quarterly Sales of $125.96 Million (americanbankingnews.com)
Shares of CoreSite Realty (NYSE COR) opened at $105.67 on Friday. CoreSite Realty has a 12 month low of $81.63 and a 12 month high of $120.85. The company has a market capitalization of $5,080.00, a PE ratio of 57.43, a PEG ratio of 1.31 and a beta of 0.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.29.
CoreSite Realty (NYSE:COR) last announced its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.64). CoreSite Realty had a net margin of 15.21% and a return on equity of 15.35%. The firm had revenue of $123.07 million for the quarter, compared to analyst estimates of $121.27 million. During the same period in the previous year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. sell-side analysts anticipate that CoreSite Realty will post 4.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.71%. This is a positive change from CoreSite Realty’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, December 28th. CoreSite Realty’s dividend payout ratio (DPR) is presently 213.04%.
COR has been the topic of several research analyst reports. 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. Credit Suisse Group set a $111.00 price objective on CoreSite Realty and gave the company a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research lowered CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. SunTrust Banks reaffirmed a “buy” rating and issued a $133.00 price objective on shares of CoreSite Realty in a research note on Thursday, December 7th. Finally, ValuEngine raised CoreSite Realty from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $110.75.
In related 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 $5,426,484.01. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Derek Mccandless sold 5,000 shares of CoreSite Realty stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $109.37, for a total value of $546,850.00. Following the completion of the transaction, the senior vice president now directly owns 36,613 shares in the company, valued at $4,004,363.81. The disclosure for this sale can be found here. Insiders have sold 20,121 shares of company stock worth $2,224,720 over the last three months. Insiders own 1.50% of the company’s stock.
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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.
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