FY2018 Earnings Estimate for CoreSite Realty Corp (COR) Issued By Jefferies Group

CoreSite Realty Corp (NYSE:COR) – Stock analysts at Jefferies Group boosted their FY2018 earnings per share (EPS) estimates for shares of CoreSite Realty in a report released on Tuesday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings per share of $5.02 for the year, up from their prior forecast of $4.96. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for CoreSite Realty’s FY2019 earnings at $5.66 EPS.

Other equities research analysts have also recently issued reports about the company. Mitsubishi UFJ Financial Group began coverage on CoreSite Realty in a research report on Wednesday, January 10th. They set an “overweight” rating and a $124.00 target price on the stock. Citigroup lifted their price objective on CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Credit Suisse Group set a $111.00 price objective on CoreSite Realty and gave the stock a “hold” rating in a report on Wednesday, January 17th. ValuEngine upgraded CoreSite Realty from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, TheStreet cut CoreSite Realty from a “b-” rating to a “c+” rating in a report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. CoreSite Realty has a consensus rating of “Buy” and an average price target of $113.00.

CoreSite Realty (NYSE COR) traded down $2.56 during trading hours on Thursday, hitting $95.33. The stock had a trading volume of 207,467 shares, compared to its average volume of 402,486. CoreSite Realty has a 52-week low of $85.57 and a 52-week 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. The firm has a market cap of $3,365.42, a PE ratio of 52.16, a PEG ratio of 1.16 and a beta of 0.33.

CoreSite Realty (NYSE:COR) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.04. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. The firm had revenue of $125.95 million for the quarter, compared to analysts’ expectations of $125.71 million. During the same period last year, the firm earned $1.06 EPS. The company’s quarterly revenue was up 14.0% on a year-over-year basis.

Several institutional investors have recently modified their holdings of COR. Zions Bancorporation acquired a new position in shares of CoreSite Realty during the 3rd quarter worth approximately $170,000. Financial Gravity Companies Inc. acquired a new position in shares of CoreSite Realty during the 4th quarter worth approximately $183,000. Intrust Bank NA acquired a new position in shares of CoreSite Realty during the 4th quarter worth approximately $200,000. Park Avenue Securities LLC acquired a new position in shares of CoreSite Realty during the 3rd quarter worth approximately $207,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of CoreSite Realty during the 4th quarter worth approximately $208,000. Institutional investors and hedge funds own 97.35% of the company’s stock.

In other 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 transaction, the senior vice president now directly owns 42,915 shares in the company, valued at approximately $4,571,305.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have bought 150,000 shares of company stock worth $55,000 and have sold 12,533 shares worth $1,379,689. Insiders own 1.50% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a dividend of $0.98 per share. This is a boost from CoreSite Realty’s previous quarterly dividend of $0.90. This represents a $3.92 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Thursday, December 28th. CoreSite Realty’s payout ratio is currently 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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