Equities analysts expect CoreSite Realty Corporation (NYSE:COR) to report sales of $118.80 million for the current quarter, Zacks reports. Six analysts have made estimates for CoreSite Realty Corporation’s earnings, with the highest sales estimate coming in at $122.20 million and the lowest estimate coming in at $104.60 million. CoreSite Realty Corporation posted sales of $101.27 million in the same quarter last year, which suggests a positive year over year growth rate of 17.3%. The company is expected to issue its next earnings report on Thursday, October 26th.

On average, analysts expect that CoreSite Realty Corporation will report full-year sales of $118.80 million for the current year, with estimates ranging from $414.80 million to $481.33 million. For the next financial year, analysts anticipate that the business will post sales of $530.98 million per share, with estimates ranging from $467.80 million to $576.57 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for CoreSite Realty Corporation.

CoreSite Realty Corporation (NYSE:COR) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The company had revenue of $117.89 million for the quarter, compared to analysts’ expectations of $117.32 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The firm’s revenue was up 22.7% compared to the same quarter last year.

Several research analysts have weighed in on the stock. BidaskClub upgraded shares of CoreSite Realty Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded shares of CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 price objective on the stock in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $119.00 price objective on shares of CoreSite Realty Corporation in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $110.00 price objective on shares of CoreSite Realty Corporation in a research note on Thursday, June 8th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $98.00.

CoreSite Realty Corporation (NYSE:COR) opened at 117.86 on Wednesday. The firm has a market capitalization of $4.03 billion, a PE ratio of 67.81 and a beta of 0.57. The firm’s 50-day moving average price is $107.92 and its 200-day moving average price is $98.99. CoreSite Realty Corporation has a 1-year low of $64.81 and a 1-year high of $118.49.

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In other news, SVP Derek Mccandless sold 10,000 shares of the stock in a transaction 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 transaction, the senior vice president now owns 49,713 shares in the company, valued at approximately $5,243,727.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total transaction of $885,920.00. Following the transaction, the chief financial officer now owns 110,493 shares in the company, valued at approximately $12,235,994.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,000 shares of company stock worth $3,048,120. 1.50% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of CoreSite Realty Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,510,182 shares of the real estate investment trust’s stock valued at $496,191,000 after buying an additional 198,067 shares during the period. BlackRock Inc. raised its position in shares of CoreSite Realty Corporation by 143,427.7% in the first quarter. BlackRock Inc. now owns 4,401,994 shares of the real estate investment trust’s stock valued at $396,400,000 after buying an additional 4,398,927 shares during the period. Wells Fargo & Company MN raised its position in shares of CoreSite Realty Corporation by 2.9% in the second quarter. Wells Fargo & Company MN now owns 1,632,276 shares of the real estate investment trust’s stock valued at $168,990,000 after buying an additional 45,502 shares during the period. JPMorgan Chase & Co. raised its position in shares of CoreSite Realty Corporation by 5.7% in the second quarter. JPMorgan Chase & Co. now owns 876,830 shares of the real estate investment trust’s stock valued at $90,778,000 after buying an additional 47,340 shares during the period. Finally, State Street Corp raised its position in shares of CoreSite Realty Corporation by 8.3% in the first quarter. State Street Corp now owns 826,392 shares of the real estate investment trust’s stock valued at $74,416,000 after buying an additional 63,493 shares during the period. Institutional investors own 98.47% of the company’s stock.

About CoreSite Realty Corporation

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.

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

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