Somewhat Positive Media Coverage Somewhat Unlikely to Affect CoreSite Realty (COR) Stock Price

Media coverage about CoreSite Realty (NYSE:COR) has been trending somewhat positive on Wednesday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CoreSite Realty earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 47.497363335933 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern’s rankings:

Shares of CoreSite Realty (COR) opened at $94.77 on Wednesday. CoreSite Realty has a 52-week low of $85.57 and a 52-week high of $120.85. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $4,560.00, a P/E ratio of 51.51, a price-to-earnings-growth ratio of 1.13 and a beta of 0.33.

CoreSite Realty (NYSE:COR) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.04. The firm had revenue of $125.95 million for the quarter, compared to the consensus estimate of $125.71 million. CoreSite Realty had a net margin of 15.54% and a return on equity of 16.77%. The company’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $1.06 EPS. equities research analysts anticipate that CoreSite Realty will post 5 earnings per share for the current year.

COR has been the topic of a number of research reports. Zacks Investment Research lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. SunTrust Banks reiterated a “buy” rating and set a $121.00 target price on shares of CoreSite Realty in a report on Friday, November 17th. Jefferies Group reiterated a “buy” rating on shares of CoreSite Realty in a report on Thursday, February 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $113.00 price objective on shares of CoreSite Realty in a research report on Monday, February 12th. Finally, Citigroup dropped their price objective on shares of CoreSite Realty from $115.00 to $105.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Eight investment 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 company currently has a consensus rating of “Buy” and an average price target of $113.00.

In related news, SVP Steven James Smith sold 7,121 shares of the 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 transaction, the senior vice president now directly owns 48,137 shares of the company’s stock, valued at approximately $5,426,484.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders purchased 193,000 shares of company stock worth $68,330 and sold 12,533 shares worth $1,379,689. Company insiders own 1.50% of the company’s stock.

WARNING: This piece was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at

About CoreSite Realty

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.

Insider Buying and Selling by Quarter for CoreSite Realty (NYSE:COR)

Receive News & Ratings for CoreSite Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty and related companies with's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit