Media stories about CoreSite Realty (NYSE:COR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CoreSite Realty earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.5549961743675 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’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)
Several research analysts have weighed in on the company. ValuEngine upgraded CoreSite Realty from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. SunTrust Banks reiterated a “buy” rating and set a $121.00 price objective on shares of CoreSite Realty in a research report on Friday, November 17th. Cowen reiterated a “buy” rating and set a $111.00 price objective on shares of CoreSite Realty in a research report on Thursday, October 19th. KeyCorp reiterated a “hold” rating on shares of CoreSite Realty in a research report on Thursday, October 12th. Finally, Mitsubishi UFJ Financial Group assumed coverage on CoreSite Realty in a research report on Wednesday. They set an “overweight” rating and a $124.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $110.75.
CoreSite Realty (COR) opened at $105.67 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.29. 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 price-to-earnings ratio of 57.43, a P/E/G ratio of 1.31 and a beta of 0.44.
CoreSite Realty (NYSE:COR) last issued 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 return on equity of 15.35% and a net margin of 15.21%. The company had revenue of $123.07 million during the quarter, compared to the consensus estimate of $121.27 million. During the same quarter in the previous year, the business posted $0.90 EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. analysts expect that CoreSite Realty will post 4.48 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.98 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.71%. This is a boost from CoreSite Realty’s previous quarterly dividend of $0.90. CoreSite Realty’s dividend payout ratio (DPR) is presently 213.04%.
In related news, SVP Steven James Smith sold 7,121 shares of the firm’s stock in a transaction 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 owns 48,137 shares in the company, valued at $5,426,484.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Derek Mccandless sold 5,000 shares of the firm’s stock in a transaction 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 owns 36,613 shares in the company, valued at approximately $4,004,363.81. The disclosure for this sale can be found here. Insiders sold 20,121 shares of company stock worth $2,224,720 in the last 90 days. 1.50% of the stock is owned by company insiders.
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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