CoreSite Realty (COR) Earning Somewhat Favorable Media Coverage, Analysis Shows

Media headlines about CoreSite Realty (NYSE:COR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CoreSite Realty earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.510328896763 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of CoreSite Realty (COR) traded up $0.13 on Wednesday, hitting $114.30. 257,471 shares of the stock were exchanged, compared to its average volume of 420,590. The stock has a market capitalization of $3,900.11, a price-to-earnings ratio of 62.12, a P/E/G ratio of 1.50 and a beta of 0.44. CoreSite Realty has a 1 year low of $76.96 and a 1 year high of $120.85. 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 (NYSE:COR) last released its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share 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 business had revenue of $123.07 million during the quarter, compared to analysts’ expectations of $121.27 million. During the same period last year, the company earned $0.90 earnings per share. The firm’s revenue was up 21.5% compared to the same quarter last year. equities analysts forecast that CoreSite Realty will post 4.48 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from CoreSite Realty’s previous quarterly dividend of $0.90. This represents a $3.92 dividend on an annualized basis and a yield of 3.43%. CoreSite Realty’s dividend payout ratio is 195.65%.

A number of brokerages have recently issued reports on COR. ValuEngine raised shares of CoreSite Realty from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. KeyCorp reissued a “hold” rating on shares of CoreSite Realty in a research note on Tuesday, September 12th. SunTrust Banks reissued a “buy” rating and set a $121.00 target price on shares of CoreSite Realty in a research note on Friday, November 17th. Cowen reissued a “buy” rating and set a $111.00 target price on shares of CoreSite Realty in a research note on Thursday, October 19th. Finally, Zacks Investment Research lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $109.55.

In other CoreSite Realty news, SVP Derek Mccandless sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were 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 directly owns 36,613 shares in the company, valued at $4,004,363.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $109.39, for a total transaction of $875,120.00. Following the completion of the transaction, the chief financial officer now owns 98,562 shares of the company’s stock, valued at $10,781,697.18. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

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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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