CoreSite Realty Corporation (NYSE:COR) – Equities research analysts at Jefferies Group dropped their Q4 2017 earnings estimates for CoreSite Realty Corporation in a research report issued on Monday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings per share of $1.16 for the quarter, down from their previous estimate of $1.19. Jefferies Group has a “Buy” rating and a $119.00 price target on the stock. Jefferies Group also issued estimates for CoreSite Realty Corporation’s FY2018 earnings at $5.22 EPS.

Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Citigroup Inc. lowered shares of CoreSite Realty Corporation from a “buy” rating to a “neutral” rating and set a $103.00 target price for the company. in a report on Wednesday, May 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $110.00 target price on shares of CoreSite Realty Corporation in a report on Thursday, June 8th. BidaskClub lowered shares of CoreSite Realty Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, Wells Fargo & Company initiated coverage on shares of CoreSite Realty Corporation in a report on Wednesday, May 17th. They set a “market perform” rating and a $94.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CoreSite Realty Corporation currently has an average rating of “Hold” and a consensus price target of $98.00.

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Shares of CoreSite Realty Corporation (COR) traded up 1.11% on Wednesday, reaching $111.54. The company’s stock had a trading volume of 87,246 shares. CoreSite Realty Corporation has a 12 month low of $64.81 and a 12 month high of $113.55. The stock has a 50 day moving average of $105.82 and a 200-day moving average of $97.63. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 64.18 and a beta of 0.57.

CoreSite Realty Corporation (NYSE:COR) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.02. The company had revenue of $117.89 million for the quarter, compared to the consensus estimate of $117.32 million. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. CoreSite Realty Corporation’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS.

A number of large investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in CoreSite Realty Corporation by 7.5% in the first quarter. Wells Fargo & Company MN now owns 1,586,774 shares of the real estate investment trust’s stock worth $142,888,000 after buying an additional 111,103 shares during the period. Sumitomo Mitsui Asset Management Company LTD bought a new stake in CoreSite Realty Corporation during the first quarter worth approximately $6,154,000. DUPONT CAPITAL MANAGEMENT Corp increased its stake in CoreSite Realty Corporation by 758.9% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 78,000 shares of the real estate investment trust’s stock worth $7,024,000 after buying an additional 68,919 shares during the period. Whittier Trust Co. increased its stake in CoreSite Realty Corporation by 5.2% in the first quarter. Whittier Trust Co. now owns 37,361 shares of the real estate investment trust’s stock worth $3,364,000 after buying an additional 1,856 shares during the period. Finally, IFP Advisors Inc increased its stake in CoreSite Realty Corporation by 203.8% in the first quarter. IFP Advisors Inc now owns 1,188 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 797 shares during the period.

In related news, CFO Jeffrey S. Finnin sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total transaction of $885,920.00. Following the completion of the sale, the chief financial officer now owns 110,493 shares of the company’s stock, valued at $12,235,994.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Derek Mccandless sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $105.48, for a total transaction of $1,054,800.00. Following the sale, the senior vice president now directly owns 49,713 shares of the company’s stock, valued at approximately $5,243,727.24. The disclosure for this sale can be found here. Insiders have sold 28,000 shares of company stock valued at $3,048,120 in the last ninety days. Insiders own 3.10% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.90 per share. This is an increase from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.26%. CoreSite Realty Corporation’s dividend payout ratio (DPR) is currently 206.90%.

CoreSite Realty Corporation Company Profile

CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust. The Company, through its controlling interest in CoreSite, L.P., is engaged in the business of ownership, acquisition, construction and operation of data centers across a range of markets in the United States, including the Northern Virginia, New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.

Earnings History and Estimates for CoreSite Realty Corporation (NYSE:COR)

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