Analysts predict that CoreSite Realty Corp (NYSE:COR) will post $1.14 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for CoreSite Realty’s earnings. The lowest EPS estimate is $1.10 and the highest is $1.19. CoreSite Realty reported earnings per share of $1.06 during the same quarter last year, which suggests a positive year-over-year growth rate of 7.5%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, February 8th.
According to Zacks, analysts expect that CoreSite Realty will report full-year earnings of $4.48 per share for the current year, with EPS estimates ranging from $4.44 to $4.52. For the next financial year, analysts forecast that the business will post earnings of $5.02 per share, with EPS estimates ranging from $4.92 to $5.11. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for CoreSite Realty.
COR has been the topic of a number of recent research reports. Credit Suisse Group set a $111.00 price target on shares of CoreSite Realty and gave the company a “hold” rating in a research note on Friday, October 27th. Citigroup upped their price target on shares of CoreSite Realty from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research cut shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Mitsubishi UFJ Financial Group assumed coverage on shares of CoreSite Realty in a research note on Wednesday, January 10th. They set an “overweight” rating and a $124.00 price target on the stock. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $133.00 target price on shares of CoreSite Realty in a report on Thursday, December 7th. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. CoreSite Realty presently has a consensus rating of “Buy” and an average price target of $110.75.
Several large investors have recently modified their holdings of COR. PNC Financial Services Group Inc. increased its holdings in shares of CoreSite Realty by 2.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 104 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of CoreSite Realty by 26.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 27,345 shares of the real estate investment trust’s stock worth $2,831,000 after buying an additional 5,698 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of CoreSite Realty by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 477,515 shares of the real estate investment trust’s stock worth $49,437,000 after buying an additional 19,551 shares during the last quarter. OxFORD Asset Management LLP bought a new position in shares of CoreSite Realty in the 2nd quarter worth $1,164,000. Finally, Balyasny Asset Management LLC grew its holdings in shares of CoreSite Realty by 26.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 5,100 shares of the real estate investment trust’s stock valued at $528,000 after purchasing an additional 1,072 shares during the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CoreSite Realty (COR) traded up $1.67 during mid-day trading on Wednesday, hitting $103.51. 44,358 shares of the company were exchanged, compared to its average volume of 352,298. The stock has a market cap of $4,920.00, a PE ratio of 56.06, a P/E/G ratio of 1.20 and a beta of 0.33. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.80. CoreSite Realty has a 12 month low of $83.82 and a 12 month high of $120.85.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Thursday, December 28th. This is a positive change from CoreSite Realty’s previous quarterly dividend of $0.90. CoreSite Realty’s dividend payout ratio is 213.04%.
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About CoreSite Realty
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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