CoreSite Realty Corp. (COR) Releases FY14 Earnings Guidance
CoreSite Realty Corp. (NYSE:COR) updated its FY14 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.00-2.10 for the period, compared to the Thomson Reuters consensus estimate of $2.09, American Banking News.com reports.
On a related note, analysts at Evercore Partners upgraded shares of CoreSite Realty Corp. from an equal weight rating to an overweight rating in a research note on Wednesday, December 4th. They now have a $35.00 price target on the stock, down previously from $40.00. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $36.75.
CoreSite Realty Corp. (NYSE:COR) traded up 1.13% during mid-day trading on Thursday, hitting $30.41. The stock had a trading volume of 145,953 shares. CoreSite Realty Corp. has a 1-year low of $27.51 and a 1-year high of $38.57. The stock’s 50-day moving average is $31.59 and its 200-day moving average is $32.23. The company has a market cap of $634.6 million and a price-to-earnings ratio of 70.09.
CoreSite Realty Corp. (NYSE:COR) last released its earnings data on Thursday, February 13th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.01. The company had revenue of $61.44 million for the quarter, compared to the consensus estimate of $62.60 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts expect that CoreSite Realty Corp. will post $1.81 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.