CoreSite Realty Corp (NYSE:COR) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $110.33.
Several brokerages have recently weighed in on COR. Raymond James lifted their target price on shares of CoreSite Realty from $110.00 to $128.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Zacks Investment Research lowered shares of CoreSite Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th. ValuEngine cut shares of CoreSite Realty from a “hold” rating to a “sell” rating in a research note on Saturday. Guggenheim set a $119.00 price objective on CoreSite Realty and gave the company a “hold” rating in a report on Thursday, September 12th. Finally, Wells Fargo & Co upped their price objective on CoreSite Realty from $105.00 to $120.00 and gave the company a “market perform” rating in a research note on Friday, November 1st.
In related news, SVP Maile Kaiser sold 2,200 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $111.44, for a total transaction of $245,168.00. Following the transaction, the senior vice president now owns 12,945 shares in the company, valued at approximately $1,442,590.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Mark R. Jones sold 750 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $120.30, for a total transaction of $90,225.00. Following the transaction, the chief accounting officer now owns 13,882 shares in the company, valued at $1,670,004.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,045 shares of company stock worth $1,651,011. 1.20% of the stock is owned by insiders.
Shares of NYSE COR traded up $0.15 during trading hours on Tuesday, reaching $111.65. The stock had a trading volume of 95,136 shares, compared to its average volume of 265,507. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 1.70 and a beta of 0.42. CoreSite Realty has a twelve month low of $82.64 and a twelve month high of $123.68. The business’s fifty day moving average is $113.29 and its two-hundred day moving average is $115.28. The company has a debt-to-equity ratio of 5.67, a current ratio of 0.16 and a quick ratio of 0.16.
CoreSite Realty (NYSE:COR) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.78). CoreSite Realty had a return on equity of 26.30% and a net margin of 13.48%. The business had revenue of $144.90 million for the quarter, compared to analyst estimates of $145.19 million. During the same quarter in the prior year, the firm earned $1.25 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Sell-side analysts forecast that CoreSite Realty will post 5.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.22 dividend. The ex-dividend date is Monday, December 30th. This represents a $4.88 annualized dividend and a dividend yield of 4.37%. CoreSite Realty’s dividend payout ratio is presently 96.44%.
About CoreSite Realty
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.
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