CoreSite Realty Corporation (COR) Getting Favorable News Coverage, Accern Reports
News stories about CoreSite Realty Corporation (NYSE:COR) have trended positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CoreSite Realty Corporation earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.965469216602 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- CoreSite Realty Corporation (NYSE:COR) Stock Traded Over Its 50 Day Moving Average (highlightpress.com)
- CoreSite Realty Corp (COR) Tenkan-Sen Line Crosses Above Kijun Sen – Financial News Review (finnewsreview.com)
- Investor Center: Technicals in View For CoreSite Realty Corp (COR) – Berry Recorder (berryrecorder.com)
- CoreSite Realty Corporation (COR) Reaches New 52-Week High – Modern Readers (modernreaders.com)
- Comparing Simon Property Group (SPG) and CoreSite Realty Corp (COR) (americanbankingnews.com)
Several analysts have recently commented on the stock. BidaskClub raised shares of CoreSite Realty Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday. Zacks Investment Research raised shares of CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 price objective on the stock in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $119.00 price objective on shares of CoreSite Realty Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CoreSite Realty Corporation in a report on Tuesday, July 18th. Finally, Macquarie reaffirmed a “hold” rating and issued a $84.00 price objective on shares of CoreSite Realty Corporation in a report on Tuesday, July 4th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. CoreSite Realty Corporation has an average rating of “Hold” and an average target price of $98.00.
Shares of CoreSite Realty Corporation (NYSE COR) opened at 116.48 on Tuesday. The stock has a market capitalization of $3.99 billion, a P/E ratio of 67.02 and a beta of 0.57. CoreSite Realty Corporation has a one year low of $64.81 and a one year high of $116.81. The company’s 50-day moving average is $107.92 and its 200-day moving average is $98.99.
CoreSite Realty Corporation (NYSE:COR) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.02. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The firm had revenue of $117.89 million for the quarter, compared to analyst estimates of $117.32 million. During the same period last year, the company earned $0.89 earnings per share. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. On average, equities research analysts anticipate that CoreSite Realty Corporation will post $1.84 earnings per share for the current year.
In other CoreSite Realty Corporation news, SVP Derek Mccandless sold 10,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $105.48, for a total value of $1,054,800.00. Following the sale, the senior vice president now directly owns 49,713 shares of the company’s stock, valued at $5,243,727.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $885,920.00. Following the completion of the sale, the chief financial officer now directly owns 110,493 shares in the company, valued at $12,235,994.82. The disclosure for this sale can be found here. Insiders sold 28,000 shares of company stock worth $3,048,120 over the last ninety days. 1.50% of the stock is owned by corporate insiders.
About CoreSite Realty Corporation
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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