CoreSite Realty Corp (NYSE:COR) – Analysts at SunTrust Banks dropped their Q1 2018 earnings per share estimates for shares of CoreSite Realty in a research note issued to investors on Thursday. SunTrust Banks analyst G. Miller now anticipates that the real estate investment trust will earn $1.22 per share for the quarter, down from their prior estimate of $1.23. SunTrust Banks currently has a “Buy” rating and a $133.00 target price on the stock. SunTrust Banks also issued estimates for CoreSite Realty’s Q2 2018 earnings at $1.23 EPS, Q4 2018 earnings at $1.31 EPS, FY2018 earnings at $5.01 EPS, Q1 2019 earnings at $1.35 EPS, Q2 2019 earnings at $1.34 EPS, Q4 2019 earnings at $1.46 EPS and FY2019 earnings at $5.58 EPS.
CoreSite Realty (NYSE:COR) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.04. The company had revenue of $125.95 million during the quarter, compared to analyst estimates of $125.71 million. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $1.06 earnings per share.
CoreSite Realty (NYSE COR) opened at $97.40 on Monday. The company has a market capitalization of $3,335.17, a PE ratio of 52.93, a P/E/G ratio of 1.15 and a beta of 0.33. CoreSite Realty has a 12-month low of $83.82 and a 12-month high of $120.85. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.27 and a quick ratio of 0.29.
Large investors have recently made changes to their positions in the business. Zions Bancorporation purchased a new position in shares of CoreSite Realty during the third quarter valued at approximately $170,000. Intrust Bank NA purchased a new position in shares of CoreSite Realty during the fourth quarter valued at approximately $200,000. Jaffetilchin Investment Partners LLC purchased a new position in shares of CoreSite Realty during the fourth quarter valued at approximately $208,000. Park Avenue Securities LLC purchased a new position in shares of CoreSite Realty during the third quarter valued at approximately $207,000. Finally, FDx Advisors Inc. purchased a new position in shares of CoreSite Realty during the third quarter valued at approximately $209,000. Institutional investors and hedge funds own 97.99% of the company’s stock.
In other CoreSite Realty news, SVP Steven James Smith sold 3,151 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $106.52, for a total transaction of $335,644.52. Following the completion of the transaction, the senior vice president now owns 42,915 shares in the company, valued at $4,571,305.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have acquired 150,000 shares of company stock valued at $55,000 and have sold 12,533 shares valued at $1,379,689. 1.50% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 4.02%. 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 payout ratio is 213.04%.
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.
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