Equities research analysts expect CoreSite Realty Corporation (NYSE:COR) to announce earnings of $1.09 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for CoreSite Realty Corporation’s earnings. The lowest EPS estimate is $1.07 and the highest is $1.11. CoreSite Realty Corporation posted earnings of $0.36 per share during the same quarter last year, which would indicate a positive year over year growth rate of 202.8%. The company is scheduled to issue its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that CoreSite Realty Corporation will report full-year earnings of $4.46 per share for the current fiscal year, with EPS estimates ranging from $4.43 to $4.50. For the next year, analysts forecast that the business will report earnings of $5.00 per share, with EPS estimates ranging from $4.84 to $5.22. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow CoreSite Realty Corporation.

CoreSite Realty Corporation (NYSE:COR) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.02. The business had revenue of $117.89 million during the quarter, compared to analyst estimates 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 in the prior year, the firm earned $0.89 earnings per share.

A number of analysts have issued reports on the company. BidaskClub downgraded CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Credit Suisse Group assumed coverage on CoreSite Realty Corporation in a research note on Friday, June 30th. They issued a “neutral” rating and a $103.00 price objective on the stock. Zacks Investment Research raised 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. Macquarie reaffirmed a “hold” rating and issued a $84.00 price objective on shares of CoreSite Realty Corporation in a research note on Tuesday, July 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $117.00 price objective on shares of CoreSite Realty Corporation in a research note on Friday, July 14th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. CoreSite Realty Corporation currently has an average rating of “Hold” and a consensus price target of $98.00.

Shares of CoreSite Realty Corporation (NYSE COR) opened at 110.59 on Friday. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 63.63 and a beta of 0.56. The firm has a 50-day moving average price of $112.61 and a 200 day moving average price of $101.89. CoreSite Realty Corporation has a 52 week low of $64.81 and a 52 week high of $120.85.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, September 28th. CoreSite Realty Corporation’s payout ratio is currently 206.90%.

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In other CoreSite Realty Corporation news, SVP Derek Mccandless sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $1,107,400.00. Following the completion of the sale, the senior vice president now directly owns 48,913 shares in the company, valued at approximately $5,416,625.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul E. Szurek sold 3,805 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total value of $447,011.40. Following the completion of the sale, the chief executive officer now owns 93,405 shares of the company’s stock, valued at $10,973,219.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,805 shares of company stock valued at $2,440,331. 1.50% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of CoreSite Realty Corporation by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 5,510,182 shares of the real estate investment trust’s stock worth $496,191,000 after buying an additional 198,067 shares during the period. BlackRock Inc. lifted its holdings in shares of CoreSite Realty Corporation by 143,427.7% in the 1st quarter. BlackRock Inc. now owns 4,401,994 shares of the real estate investment trust’s stock worth $396,400,000 after buying an additional 4,398,927 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of CoreSite Realty Corporation by 2.9% in the 2nd quarter. Wells Fargo & Company MN now owns 1,632,276 shares of the real estate investment trust’s stock worth $168,990,000 after buying an additional 45,502 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of CoreSite Realty Corporation by 5.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 876,830 shares of the real estate investment trust’s stock worth $90,778,000 after buying an additional 47,340 shares during the period. Finally, State Street Corp lifted its holdings in shares of CoreSite Realty Corporation by 8.3% in the 1st quarter. State Street Corp now owns 826,392 shares of the real estate investment trust’s stock worth $74,416,000 after buying an additional 63,493 shares during the period. Institutional investors and hedge funds 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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