CoreSite Realty Corp Announces Quarterly Dividend of $0.35 (COR)
CoreSite Realty Corp (NYSE:COR) announced a quarterly dividend on Friday, August 29th, American Banking News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.35 per share on Wednesday, October 15th. This represents a $1.40 annualized dividend and a dividend yield of 4.03%.
A number of analysts have recently weighed in on COR shares. Analysts at RBC Capital raised their price target on shares of CoreSite Realty Corp from $38.00 to $40.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Analysts at MLV & Co
raised their price target on shares of CoreSite Realty Corp from $38.00 to $40.00 in a research note on Thursday, July 24th. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.83.
CoreSite Realty Corp (NYSE:COR) opened at 34.71 on Friday. CoreSite Realty Corp has a 52-week low of $27.51 and a 52-week high of $36.39. The stock’s 50-day moving average is $34.18 and its 200-day moving average is $32.16. The company has a market cap of $735.1 million and a P/E ratio of 59.49.
CoreSite Realty Corp (NYSE:COR) last announced its earnings results on Wednesday, July 23rd. The company reported $0.51 EPS for the quarter, meeting the analysts’ consensus estimate of $0.51. The company had revenue of $65.70 million for the quarter, compared to the consensus estimate of $64.95 million. During the same quarter last year, the company posted $0.45 earnings per share. CoreSite Realty Corp’s revenue was up 13.9% compared to the same quarter last year. On average, analysts predict that CoreSite Realty Corp will post $2.14 earnings per share 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.
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