CoreSite Realty Corp (NYSE:COR) – Equities research analysts at Jefferies Group issued their Q1 2018 EPS estimates for CoreSite Realty in a research report issued on Tuesday. Jefferies Group analyst J. Petersen expects that the real estate investment trust will post earnings per share of $1.24 for the quarter. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for CoreSite Realty’s Q2 2018 earnings at $1.24 EPS, Q3 2018 earnings at $1.22 EPS and Q4 2018 earnings at $1.32 EPS.
A number of other brokerages also recently weighed in on COR. Credit Suisse Group set a $111.00 price target on shares of CoreSite Realty and gave the company a “hold” rating in a report on Friday, October 27th. Citigroup cut their price target on shares of CoreSite Realty from $115.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Mitsubishi UFJ Financial Group initiated coverage on shares of CoreSite Realty in a report on Wednesday, January 10th. They issued an “overweight” rating and a $124.00 price target for the company. Zacks Investment Research downgraded shares of CoreSite Realty from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Robert W. Baird cut their price target on shares of CoreSite Realty from $129.00 to $126.00 and set an “outperform” rating for the company in a report on Friday, February 9th. Eight research 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 stock. The company has an average rating of “Buy” and an average target price of $113.00.
CoreSite Realty (NYSE:COR) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The business had revenue of $125.95 million during the quarter, compared to the consensus estimate of $125.71 million. CoreSite Realty had a net margin of 15.54% and a return on equity of 16.77%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.06 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a dividend of $0.98 per share. 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. This represents a $3.92 dividend on an annualized basis and a yield of 3.99%. CoreSite Realty’s dividend payout ratio is currently 213.04%.
In other CoreSite Realty news, SVP Steven James Smith sold 7,121 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $112.73, for a total transaction of $802,750.33. Following the completion of the sale, the senior vice president now directly owns 48,137 shares of the company’s stock, valued at $5,426,484.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety 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 currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Zions Bancorporation purchased a new stake in CoreSite Realty during the third quarter valued at about $170,000. Financial Gravity Companies Inc. purchased a new stake in CoreSite Realty during the fourth quarter valued at about $183,000. Intrust Bank NA purchased a new stake in CoreSite Realty during the fourth quarter valued at about $200,000. Park Avenue Securities LLC purchased a new stake in CoreSite Realty during the third quarter valued at about $207,000. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in CoreSite Realty during the fourth quarter valued at about $208,000. 97.35% of the stock is owned by institutional investors.
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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.
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