News headlines about CoreSite Realty Corp (NYSE:COR) have trended somewhat positive recently, according to AlphaOne Sentiment Analysis. AlphaOne, a service of Accern, identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CoreSite Realty Corp earned a media sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also assigned news articles about the real estate investment trust an impact score of 49 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted AlphaOne’s analysis:
- Jefferies Group Equities Analysts Increase Earnings Estimates for CoreSite Realty Corp (COR) (forextv.com)
- CoreSite Realty Corp (COR) Earns Market Perform Rating from Analysts at Wells Fargo & Co (americanbankingnews.com)
- CCI Signal Monitor on Shares of Coresite Realty Corp (COR) – Stock Daily Review (stockdailyreview.com)
- COR Crosses Above Average Analyst Target (nasdaq.com)
- Microsoft Azure ExpressRoute Now Available at CoreSite’s Denver Data Center Campus (finance.yahoo.com)
Several brokerages recently commented on COR. Wells Fargo & Co initiated coverage on CoreSite Realty Corp in a research report on Wednesday. They set a “market perform” rating and a $94.00 target price on the stock. Citigroup Inc lowered CoreSite Realty Corp from a “buy” rating to a “neutral” rating and set a $103.00 price target on the stock. in a report on Wednesday, May 3rd. Zacks Investment Research lowered CoreSite Realty Corp from a “hold” rating to a “sell” rating in a report on Tuesday, January 31st. Macquarie initiated coverage on CoreSite Realty Corp in a report on Thursday, April 6th. They issued a “neutral” rating and a $84.00 price target on the stock. Finally, Guggenheim lowered CoreSite Realty Corp from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a report on Tuesday, February 7th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. CoreSite Realty Corp presently has an average rating of “Hold” and an average target price of $87.60.
CoreSite Realty Corp (NYSE:COR) traded up 1.02% during midday trading on Friday, reaching $100.02. The company had a trading volume of 325,918 shares. The firm has a 50-day moving average price of $94.89 and a 200-day moving average price of $84.43. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 60.62 and a beta of 0.66. CoreSite Realty Corp has a 52 week low of $64.81 and a 52 week high of $102.11.
CoreSite Realty Corp (NYSE:COR) last issued its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.06. CoreSite Realty Corp had a return on equity of 11.45% and a net margin of 14.14%. The business had revenue of $114.92 million during the quarter, compared to analyst estimates of $114.48 million. During the same quarter in the prior year, the business posted $0.86 EPS. CoreSite Realty Corp’s revenue for the quarter was up 26.4% compared to the same quarter last year. Analysts expect that CoreSite Realty Corp will post $1.77 EPS for the current fiscal year.
In other CoreSite Realty Corp news, SVP Derek Mccandless sold 2,867 shares of the stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $90.22, for a total transaction of $258,660.74. Following the completion of the transaction, the senior vice president now owns 63,899 shares of the company’s stock, valued at approximately $5,764,967.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeffrey S. Finnin sold 23,925 shares of the 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 transaction, the chief financial officer now directly owns 99,444 shares of the company’s stock, valued at approximately $8,927,087.88. The disclosure for this sale can be found here. Insiders have sold a total of 82,245 shares of company stock valued at $7,414,045 in the last three months. Insiders own 3.10% of the company’s stock.
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About CoreSite Realty Corp
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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