CoreSite Realty Corp (NYSE:COR) – Equities research analysts at Jefferies Group cut their FY2018 EPS estimates for CoreSite Realty in a note issued to investors on Tuesday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $4.96 per share for the year, down from their prior estimate of $5.11.

Several other analysts have also recently issued reports on the stock. Credit Suisse Group set a $111.00 price objective on shares of CoreSite Realty and gave the company a “hold” rating in a research note on Wednesday. Mitsubishi UFJ Financial Group assumed coverage on shares of CoreSite Realty in a report on Wednesday, January 10th. They issued an “overweight” rating and a $124.00 target price on the stock. SunTrust Banks reiterated a “buy” rating and issued a $133.00 target price on shares of CoreSite Realty in a report on Thursday, December 7th. ValuEngine lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $110.75.

Shares of CoreSite Realty (NYSE:COR) traded down $0.51 during midday trading on Wednesday, reaching $106.79. 321,266 shares of the company traded hands, compared to its average volume of 377,697. CoreSite Realty has a one year low of $83.43 and a one year high of $120.85. The stock has a market cap of $5,130.00, a PE ratio of 58.04, a PEG ratio of 1.23 and a beta of 0.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.29.

CoreSite Realty (NYSE:COR) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.64). CoreSite Realty had a net margin of 15.21% and a return on equity of 15.35%. The business had revenue of $123.07 million for the quarter, compared to analysts’ expectations of $121.27 million. During the same period in the prior year, the company posted $0.90 EPS. The firm’s revenue was up 21.5% on a year-over-year basis.

Several hedge funds have recently modified their holdings of COR. Zions Bancorporation acquired a new stake in CoreSite Realty during the 3rd quarter worth approximately $170,000. Schroder Investment Management Group acquired a new stake in CoreSite Realty during the 2nd quarter worth approximately $188,000. Park Avenue Securities LLC acquired a new stake in CoreSite Realty during the 3rd quarter worth approximately $207,000. Jaffetilchin Investment Partners LLC acquired a new stake in CoreSite Realty during the 4th quarter worth approximately $208,000. Finally, FDx Advisors Inc. acquired a new stake in CoreSite Realty during the 3rd quarter worth approximately $209,000. Hedge funds and other institutional investors own 98.02% of the company’s stock.

In other news, CFO Jeffrey S. Finnin sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $109.39, for a total value of $875,120.00. Following the transaction, the chief financial officer now directly owns 98,562 shares in the company, valued at approximately $10,781,697.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Derek Mccandless sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $109.37, for a total transaction of $546,850.00. Following the completion of the transaction, the senior vice president now owns 36,613 shares in the company, valued at $4,004,363.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,121 shares of company stock worth $2,224,720. Company insiders own 1.50% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 3.67%. This is a positive change from CoreSite Realty’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, December 28th. CoreSite Realty’s payout ratio is presently 213.04%.

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CoreSite Realty 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 (NYSE:COR)

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