News stories about CoreSite Realty (NYSE:COR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CoreSite Realty earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines 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 impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Insider Buying: CoreSite Realty Corp (COR) Insider Acquires 50,000 Shares of Stock (americanbankingnews.com)
- CoreSite Realty Corp (COR) Insider Purchases $16,000.00 in Stock (americanbankingnews.com)
- Equinix Backed by Expansion and Acquisition Strategies (finance.yahoo.com)
- A Look at Equinix’s Fiscal 2017 Expectations (finance.yahoo.com)
- FY2019 EPS Estimates for CoreSite Realty Corp Lowered by Jefferies Group (COR) (americanbankingnews.com)
CoreSite Realty (NYSE:COR) opened at $107.53 on Friday. CoreSite Realty has a 1-year low of $83.82 and a 1-year high of $120.85. The stock has a market cap of $3,684.04, a P/E ratio of 24.51, a PEG ratio of 1.26 and a beta of 0.44. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80.
CoreSite Realty (NYSE:COR) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.64). CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. The firm had revenue of $123.07 million during the quarter, compared to analysts’ expectations of $121.27 million. During the same quarter in the previous year, the firm earned $0.90 earnings per share. CoreSite Realty’s revenue was up 21.5% on a year-over-year basis. sell-side analysts predict that CoreSite Realty will post 4.48 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.98 per share. This is an increase from CoreSite Realty’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.65%. CoreSite Realty’s payout ratio is presently 213.04%.
Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. started coverage on CoreSite Realty in a research report on Monday, September 25th. They set a “neutral” rating and a $118.00 target price on the stock. Credit Suisse Group set a $111.00 price objective on CoreSite Realty and gave the stock a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded CoreSite Realty from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Wednesday, September 27th. Mitsubishi UFJ Financial Group started coverage on CoreSite Realty in a research report on Wednesday, January 10th. They set an “overweight” rating and a $124.00 price target on the stock. Finally, William Blair started coverage on CoreSite Realty in a research note on Friday, September 22nd. They set an “outperform” rating on the stock. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $110.75.
In other CoreSite Realty news, SVP Steven James Smith sold 7,121 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $112.73, for a total value of $802,750.33. Following the sale, the senior vice president now owns 48,137 shares in the company, valued at approximately $5,426,484.01. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Derek Mccandless sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.37, for a total transaction of $546,850.00. Following the completion of the sale, 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. In the last three months, insiders have bought 150,000 shares of company stock valued at $55,000 and have sold 20,121 shares valued at $2,224,720. Insiders own 1.50% of the company’s stock.
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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