Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded CoreSite Realty from a sell rating to a hold rating in a research report on Wednesday. Wells Fargo & Co lifted their price target on CoreSite Realty from $105.00 to $120.00 and gave the company a market perform rating in a research report on Friday, November 1st. Raymond James lifted their price target on CoreSite Realty from $110.00 to $128.00 and gave the company an outperform rating in a research report on Friday, November 1st. Finally, ValuEngine cut CoreSite Realty from a hold rating to a sell rating in a research report on Saturday, December 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. CoreSite Realty has a consensus rating of Hold and an average target price of $113.20.
Shares of NYSE COR opened at $117.72 on Thursday. The stock has a market cap of $4.41 billion, a PE ratio of 56.60, a price-to-earnings-growth ratio of 1.65 and a beta of 0.41. CoreSite Realty has a fifty-two week low of $93.18 and a fifty-two week high of $123.68. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a fifty day moving average of $113.20 and a 200-day moving average of $114.89.
CoreSite Realty (NYSE:COR) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.78). The company had revenue of $144.90 million during the quarter, compared to analysts’ expectations of $145.19 million. CoreSite Realty had a net margin of 13.48% and a return on equity of 26.30%. CoreSite Realty’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 earnings per share. On average, sell-side analysts predict that CoreSite Realty will post 5.11 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend was Monday, December 30th. CoreSite Realty’s payout ratio is 96.44%.
In related news, SVP Maile Kaiser sold 2,200 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $111.44, for a total transaction of $245,168.00. Following the completion of the transaction, the senior vice president now directly owns 12,945 shares in the company, valued at $1,442,590.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Mark R. Jones sold 750 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $120.30, for a total value of $90,225.00. Following the transaction, the chief accounting officer now owns 13,882 shares of the company’s stock, valued at $1,670,004.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,881 shares of company stock valued at $1,631,700. 1.20% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. State of Michigan Retirement System lifted its stake in shares of CoreSite Realty by 3.7% in the 4th quarter. State of Michigan Retirement System now owns 11,100 shares of the real estate investment trust’s stock valued at $1,245,000 after acquiring an additional 400 shares during the last quarter. Strs Ohio lifted its stake in shares of CoreSite Realty by 1.1% in the 4th quarter. Strs Ohio now owns 95,635 shares of the real estate investment trust’s stock valued at $10,722,000 after acquiring an additional 1,016 shares during the last quarter. Covenant Asset Management LLC lifted its stake in shares of CoreSite Realty by 35.0% in the 4th quarter. Covenant Asset Management LLC now owns 5,890 shares of the real estate investment trust’s stock valued at $660,000 after acquiring an additional 1,528 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of CoreSite Realty by 43.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 3,989 shares of the real estate investment trust’s stock valued at $447,000 after acquiring an additional 1,214 shares during the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC lifted its stake in shares of CoreSite Realty by 5.4% in the 4th quarter. Landsberg Bennett & Dubbaneh LLC now owns 20,883 shares of the real estate investment trust’s stock valued at $2,315,000 after acquiring an additional 1,063 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
CoreSite Realty Company Profile
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.
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