CoreSite Realty (NYSE:COR) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $4.92-5.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.00.
Several research firms have weighed in on COR. Mitsubishi UFJ Financial Group began coverage on CoreSite Realty in a report on Wednesday, January 10th. They set an overweight rating and a $124.00 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 note on Wednesday, January 17th. KeyCorp reiterated a hold rating on shares of CoreSite Realty in a research note on Thursday, October 12th. Cowen reiterated a buy rating and issued a $111.00 price objective on shares of CoreSite Realty in a research note on Thursday, October 19th. Finally, ValuEngine lowered CoreSite Realty from a buy rating to a hold rating in a research note on Friday, December 1st. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CoreSite Realty currently has a consensus rating of Buy and an average price target of $112.82.
CoreSite Realty (NYSE:COR) traded down $4.11 during trading on Thursday, hitting $98.35. The stock had a trading volume of 536,774 shares, compared to its average volume of 357,152. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $3,487.15, a price-to-earnings ratio of 53.97, a PEG ratio of 1.19 and a beta of 0.33. CoreSite Realty has a twelve month low of $83.82 and a twelve month high of $120.85.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, December 28th. This is an increase from CoreSite Realty’s previous quarterly dividend of $0.90. This represents a $3.92 dividend on an annualized basis and a yield of 3.99%. CoreSite Realty’s dividend payout ratio (DPR) is 213.04%.
In related news, SVP Steven James Smith sold 2,261 shares of CoreSite Realty stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $106.72, for a total transaction of $241,293.92. Following the sale, the senior vice president now directly owns 42,915 shares of the company’s stock, valued at $4,579,888.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders have purchased 150,000 shares of company stock worth $55,000 and have sold 12,533 shares worth $1,379,689. 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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