Shares of CoreSite Realty Corp (NYSE:COR) have earned a consensus recommendation of “Buy” from the nineteen brokerages that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $111.80.
Several brokerages have weighed in on COR. ValuEngine downgraded shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks restated a “buy” rating and issued a $121.00 target price on shares of CoreSite Realty in a research note on Friday, November 17th. Mitsubishi UFJ Financial Group began coverage on shares of CoreSite Realty in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $124.00 target price for the company. Credit Suisse Group set a $111.00 target price on shares of CoreSite Realty and gave the company a “hold” rating in a research note on Wednesday, January 17th. Finally, Robert W. Baird set a $126.00 target price on shares of CoreSite Realty and gave the company a “buy” rating in a research note on Saturday.
In other CoreSite Realty news, SVP Steven James Smith sold 3,151 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $106.52, for a total value of $335,644.52. Following the completion of the transaction, the senior vice president now owns 42,915 shares of the company’s stock, valued at $4,571,305.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jeffrey S. Finnin sold 10,396 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was 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 disclosure for this sale can be found here. In the last ninety days, insiders acquired 173,000 shares of company stock valued at $55,530 and sold 33,806 shares valued at $3,360,066. Company insiders own 1.50% of the company’s stock.
Shares of CoreSite Realty (NYSE:COR) traded up $3.79 on Wednesday, reaching $101.98. 518,145 shares of the company’s stock traded hands, compared to its average volume of 415,931. The firm has a market capitalization of $4,720.00, a P/E ratio of 53.36, a price-to-earnings-growth ratio of 1.16 and a beta of 0.48. CoreSite Realty has a 52 week low of $86.47 and a 52 week high of $120.85. 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 Realty (NYSE:COR) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.04. The company had revenue of $125.95 million during 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%. CoreSite Realty’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share. research analysts anticipate that CoreSite Realty will post 5 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.84%. CoreSite Realty’s dividend payout ratio is currently 213.04%.
COPYRIGHT VIOLATION WARNING: This story was first reported by Markets Daily and is the property of of Markets Daily. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.themarketsdaily.com/2018/03/12/coresite-realty-corp-cor-given-average-rating-of-buy-by-brokerages.html.
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.
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 MarketBeat.com's FREE daily email newsletter.