CoreSite Realty Corp (NYSE:COR) has received an average rating of “Buy” from the twelve brokerages that are presently covering the firm. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $88.43.
Several research analysts have issued reports on the stock. Macquarie assumed coverage on shares of CoreSite Realty Corp in a research report on Thursday, April 6th. They issued a “neutral” rating and a $84.00 price target on the stock. Zacks Investment Research upgraded shares of CoreSite Realty Corp from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Thursday, February 23rd. Finally, Guggenheim lowered shares of CoreSite Realty Corp from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research report on Tuesday, February 7th.
CoreSite Realty Corp (NYSE:COR) traded down 1.22% during mid-day trading on Monday, hitting $93.03. The stock had a trading volume of 161,599 shares. The stock has a market cap of $3.11 billion, a P/E ratio of 60.41 and a beta of 0.66. The company has a 50 day moving average price of $89.76 and a 200 day moving average price of $81.28. CoreSite Realty Corp has a one year low of $64.81 and a one year high of $94.48.
CoreSite Realty Corp (NYSE:COR) last posted its quarterly earnings data on Thursday, February 9th. The real estate investment trust reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.08. CoreSite Realty Corp had a net margin of 14.14% and a return on equity of 11.45%. The business had revenue of $110.50 million for the quarter, compared to analyst estimates of $107.37 million. During the same quarter last year, the business earned $0.80 earnings per share. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. On average, equities analysts anticipate that CoreSite Realty Corp will post $1.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were issued a dividend of $0.80 per share. The ex-dividend date was Wednesday, March 29th. This represents a $3.20 annualized dividend and a dividend yield of 3.40%. CoreSite Realty Corp’s payout ratio is 207.79%.
In other news, SVP Steven James Smith sold 699 shares of CoreSite Realty Corp stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $89.34, for a total transaction of $62,448.66. Following the sale, the senior vice president now directly owns 48,274 shares in the company, valued at approximately $4,312,799.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeffrey S. Finnin sold 23,925 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $89.77, for a total transaction of $2,147,747.25. Following the completion of the transaction, the chief financial officer now owns 99,444 shares in the company, valued at $8,927,087.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,093 shares of company stock worth $6,318,845. 3.10% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its position in CoreSite Realty Corp by 16.7% in the first quarter. State of Alaska Department of Revenue now owns 27,730 shares of the real estate investment trust’s stock worth $2,496,000 after buying an additional 3,960 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in CoreSite Realty Corp during the first quarter worth approximately $283,000. Everence Capital Management Inc. bought a new position in shares of CoreSite Realty Corp during the first quarter worth about $221,000. Boston Advisors LLC raised its position in shares of CoreSite Realty Corp by 9.1% in the first quarter. Boston Advisors LLC now owns 7,160 shares of the real estate investment trust’s stock worth $645,000 after buying an additional 600 shares during the last quarter. Finally, Legato Capital Management LLC raised its position in shares of CoreSite Realty Corp by 8,904.9% in the first quarter. Legato Capital Management LLC now owns 43,674 shares of the real estate investment trust’s stock worth $485,000 after buying an additional 43,189 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.
CoreSite Realty Corp 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.
Receive News & Ratings for CoreSite Realty Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty Corp and related companies with MarketBeat.com's FREE daily email newsletter.