CoreSite Realty Corp. Coverage Initiated at Stephens (COR)
Stephens initiated coverage on shares of CoreSite Realty Corp. (NYSE:COR) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “equal weight” rating on the stock.
A number of other analysts have also recently weighed in on COR. Analysts at RBC Capital raised their price target on shares of CoreSite Realty Corp. (NYSE:COR) from $38.00 to $41.00 in a research note to investors on Monday, July 29th. They now have an “outperform” rating on the stock. Analysts at Jefferies Group cut their price target on shares of CoreSite Realty Corp. (NYSE:COR) from $40.00 to $38.00 in a research note to investors on Wednesday, July 24th. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $37.58.
Shares of CoreSite Realty Corp. (NYSE:COR) opened at 32.56 on Thursday. CoreSite Realty Corp. has a one year low of $20.50 and a one year high of $38.57. The stock has a 50-day moving average of $33.09 and a 200-day moving average of $33.71. The company has a market cap of $678.1 million and a P/E ratio of 90.44.
CoreSite Realty Corp. (NYSE:COR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.02. The company had revenue of $57.70 million for the quarter, compared to the consensus estimate of $58.08 million. During the same quarter last year, the company posted $0.37 earnings per share. CoreSite Realty Corp.’s revenue was up 14.0% compared to the same quarter last year. On average, analysts predict that CoreSite Realty Corp. will post $1.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, September 26th.
CoreSite Realty Corporation is an owner, developer and operator of strategically located data centers in some of the growing data center markets in the United States, including Los Angeles, the San Francisco Bay and Northern Virginia areas, Chicago and New York City.
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