CoreSite Realty Corp Given Consensus Rating of “Hold” by Brokerages (NYSE:COR)
CoreSite Realty Corp (NYSE:COR) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the company, Analyst Ratings Net reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $35.80.
Several analysts have recently commented on the stock. Analysts at Cantor Fitzgerald upgraded shares of CoreSite Realty Corp from a “sell” rating to a “hold” rating in a research note on Thursday, May 29th. Separately, analysts at Cowen and Company initiated coverage on shares of CoreSite Realty Corp in a research note on Friday, April 4th. They set a “market perform” rating and a $33.00 price target on the stock. Finally, analysts at Cowen and Company initiated coverage on shares of CoreSite Realty Corp in a research note on Thursday, April 3rd. They set a “market perform” rating and a $33.00 price target on the stock.
Shares of CoreSite Realty Corp (NYSE:COR) traded up 0.15% during mid-day trading on Friday, hitting $33.40. 6,313 shares of the company’s stock traded hands. CoreSite Realty Corp has a one year low of $27.51 and a one year high of $36.00. The stock has a 50-day moving average of $30.98 and a 200-day moving average of $31.0. The company has a market cap of $705.9 million and a price-to-earnings ratio of 62.92.
CoreSite Realty Corp (NYSE:COR) last posted its quarterly earnings results on Thursday, April 24th. 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 $63.70 million for the quarter, compared to the consensus estimate of $63.25 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts predict that CoreSite Realty Corp will post $2.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Thursday, June 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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