Press coverage about CoreSite (NYSE:COR) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CoreSite earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 45.8795247004411 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Form 4 CoreSite Realty Corp For: Mar 14 Filed by: WILSON DAVID A – StreetInsider.com (streetinsider.com)
- Free Post Earnings Research Report: CoreSite’s Revenue Jumped 14%; FFO Advanced 11% (finance.yahoo.com)
- CoreSite Realty Corp (COR) CEO Paul E. Szurek Sells 2,610 Shares (americanbankingnews.com)
- Form 8-K CoreSite Realty Corp For: Mar 08 (streetinsider.com)
CoreSite (NYSE:COR) opened at $105.12 on Tuesday. The firm has a market cap of $3,637.65, a price-to-earnings ratio of 57.13, a price-to-earnings-growth ratio of 1.25 and a beta of 0.48. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 2.24. CoreSite has a fifty-two week low of $86.47 and a fifty-two week high of $120.85.
CoreSite (NYSE:COR) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.04. The company had revenue of $125.95 million during the quarter, compared to analyst estimates of $125.71 million. CoreSite had a net margin of 15.54% and a return on equity of 16.77%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the business earned $1.06 EPS. sell-side analysts predict that CoreSite will post 5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Wednesday, March 28th. CoreSite’s dividend payout ratio is currently 213.04%.
A number of equities research analysts recently weighed in on the stock. Mitsubishi UFJ Financial Group assumed coverage on shares of CoreSite in a report on Wednesday, January 10th. They set an “overweight” rating and a $124.00 price target for the company. Credit Suisse Group set a $111.00 price target on shares of CoreSite and gave the company a “hold” rating in a report on Wednesday, January 17th. KeyCorp raised shares of CoreSite from a “sector weight” rating to an “overweight” rating and raised their price target for the company from $98.19 to $110.00 in a report on Monday, March 12th. Robert W. Baird set a $126.00 price target on shares of CoreSite and gave the company a “buy” rating in a report on Saturday, March 10th. Finally, TheStreet lowered shares of CoreSite from a “b-” rating to a “c+” rating in a report on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $112.77.
In other CoreSite news, CFO Jeffrey S. Finnin sold 10,396 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $93.30, for a total transaction of $969,946.80. Following the completion of the transaction, the chief financial officer now directly owns 84,827 shares of the company’s stock, valued at approximately $7,914,359.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Paul E. Szurek sold 2,610 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $101.91, for a total transaction of $265,985.10. Following the transaction, the chief executive officer now directly owns 89,560 shares of the company’s stock, valued at $9,127,059.60. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 198,000 shares of company stock valued at $64,780 and have sold 46,583 shares valued at $4,620,060. 1.50% of the stock is owned by company insiders.
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CoreSite 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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