CoreSite Realty Corporation (NYSE:COR) – Stock analysts at KeyCorp issued their FY2019 earnings per share (EPS) estimates for shares of CoreSite Realty Corporation in a research note issued to investors on Monday. KeyCorp analyst J. Sadler expects that the real estate investment trust will post earnings per share of $5.40 for the year. KeyCorp has a “Hold” rating on the stock.

CoreSite Realty Corporation (NYSE:COR) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.64). CoreSite Realty Corporation had a net margin of 15.21% and a return on equity of 15.35%. The firm had revenue of $123.07 million during the quarter, compared to the consensus estimate of $121.27 million. During the same quarter last year, the firm posted $0.90 earnings per share. CoreSite Realty Corporation’s revenue was up 21.5% compared to the same quarter last year.

TRADEMARK VIOLATION NOTICE: “Equities Analysts Set Expectations for CoreSite Realty Corporation’s FY2019 Earnings (COR)” was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/02/equities-analysts-set-expectations-for-coresite-realty-corporations-fy2019-earnings-cor.html.

Several other equities analysts have also recently commented on COR. Jefferies Group LLC reaffirmed a “buy” rating and issued a $117.00 price target on shares of CoreSite Realty Corporation in a report on Friday, July 14th. Zacks Investment Research cut CoreSite Realty Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CoreSite Realty Corporation in a report on Tuesday, July 18th. BidaskClub raised CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, William Blair initiated coverage on CoreSite Realty Corporation in a report on Friday, September 22nd. They issued an “outperform” rating for the company. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. CoreSite Realty Corporation has a consensus rating of “Buy” and an average target price of $107.20.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Thursday, September 28th. CoreSite Realty Corporation’s dividend payout ratio is 195.65%.

In other CoreSite Realty Corporation news, CEO Paul E. Szurek sold 3,805 shares of CoreSite Realty Corporation stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total value of $447,011.40. Following the sale, the chief executive officer now owns 93,405 shares of the company’s stock, valued at approximately $10,973,219.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in COR. UBS Asset Management Americas Inc. increased its position in shares of CoreSite Realty Corporation by 17.1% in the first quarter. UBS Asset Management Americas Inc. now owns 21,647 shares of the real estate investment trust’s stock valued at $1,949,000 after acquiring an additional 3,168 shares during the last quarter. Stifel Financial Corp increased its position in shares of CoreSite Realty Corporation by 5.3% in the first quarter. Stifel Financial Corp now owns 2,903 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 145 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of CoreSite Realty Corporation by 26.2% in the first quarter. OppenheimerFunds Inc. now owns 3,931 shares of the real estate investment trust’s stock valued at $354,000 after acquiring an additional 817 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of CoreSite Realty Corporation by 11.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,178 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 435 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of CoreSite Realty Corporation by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 457,964 shares of the real estate investment trust’s stock valued at $41,239,000 after acquiring an additional 23,454 shares during the last quarter. 98.29% of the stock is currently owned by institutional investors and hedge funds.

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.

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

Receive News & Ratings for CoreSite Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.