CoreSite Realty Corporation (NYSE:COR) is set to release its earnings data before the market opens on Thursday, October 26th. Analysts expect CoreSite Realty Corporation to post earnings of $0.40 per share for the quarter. CoreSite Realty Corporation has set its FY17 guidance at $4.39-4.47 EPS.

CoreSite Realty Corporation (NYSE:COR) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share for the quarter, beating the 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 company had revenue of $117.89 million during the quarter, compared to analysts’ expectations of $117.32 million. During the same period in the prior year, the business earned $0.89 earnings per share. CoreSite Realty Corporation’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, analysts expect CoreSite Realty Corporation to post $1.82 EPS for the current fiscal year and $2.16 EPS for the next fiscal year.

Shares of CoreSite Realty Corporation (COR) opened at 112.77 on Tuesday. The company has a market capitalization of $3.86 billion, a PE ratio of 64.88 and a beta of 0.56. The stock has a 50 day moving average price of $112.74 and a 200 day moving average price of $106.41. CoreSite Realty Corporation has a 52-week low of $64.81 and a 52-week high of $120.85.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.60 annualized dividend and a dividend yield of 3.19%. CoreSite Realty Corporation’s dividend payout ratio is currently 206.90%.

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In related news, CEO Paul E. Szurek sold 3,805 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total value of $447,011.40. Following the completion of the sale, the chief executive officer now directly owns 93,405 shares in the company, valued at approximately $10,973,219.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Derek Mccandless sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total value of $1,107,400.00. Following the completion of the sale, the senior vice president now owns 48,913 shares of the company’s stock, valued at $5,416,625.62. The disclosure for this sale can be found here. Insiders sold a total of 21,805 shares of company stock valued at $2,440,331 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Several research analysts have recently commented on the company. BidaskClub downgraded CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co assumed coverage on CoreSite Realty Corporation in a research note on Monday, September 25th. They set a “neutral” rating and a $118.00 target price for the company. Cowen and Company reiterated a “buy” rating and set a $111.00 target price on shares of CoreSite Realty Corporation in a research note on Thursday, October 19th. Zacks Investment Research upgraded CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Wednesday, September 27th. Finally, Credit Suisse Group initiated coverage on CoreSite Realty Corporation in a research note on Friday, June 30th. They set a “neutral” rating and a $103.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $105.20.

CoreSite Realty Corporation 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 for CoreSite Realty Corporation (NYSE:COR)

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