Brokerages expect CoreSite Realty Corporation (NYSE:COR) to post earnings per share of $1.09 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for CoreSite Realty Corporation’s earnings. The highest EPS estimate is $1.11 and the lowest is $1.05. CoreSite Realty Corporation posted earnings per share of $0.90 during the same quarter last year, which suggests a positive year-over-year growth rate of 21.1%. The company is expected to announce its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that CoreSite Realty Corporation will report full-year earnings of $4.45 per share for the current fiscal year, with EPS estimates ranging from $4.42 to $4.50. For the next year, analysts anticipate that the firm will post earnings of $5.00 per share, with EPS estimates ranging from $4.84 to $5.20. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for CoreSite Realty Corporation.

CoreSite Realty Corporation (NYSE:COR) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, topping the consensus estimate of $1.08 by $0.02. The business had revenue of $117.89 million for the quarter, compared to analysts’ expectations of $117.32 million. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS.

A number of brokerages have commented on COR. Zacks Investment Research downgraded shares of CoreSite Realty Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $117.00 target price on shares of CoreSite Realty Corporation in a research note on Wednesday, June 14th. Macquarie reaffirmed a “hold” rating and set a $84.00 target price on shares of CoreSite Realty Corporation in a research note on Tuesday, July 4th. BidaskClub raised shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of CoreSite Realty Corporation in a research note on Tuesday, July 18th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. CoreSite Realty Corporation currently has an average rating of “Hold” and an average target price of $98.00.

In other news, SVP Derek Mccandless sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 48,913 shares of the company’s stock, valued at approximately $5,416,625.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total transaction 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 a total of 28,000 shares of company stock worth $3,048,120 over the last three months. Insiders own 3.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. boosted its position in shares of CoreSite Realty Corporation by 5.2% in the first quarter. Whittier Trust Co. now owns 37,361 shares of the real estate investment trust’s stock worth $3,364,000 after buying an additional 1,856 shares during the period. IFP Advisors Inc boosted its position in shares of CoreSite Realty Corporation by 203.8% in the first quarter. IFP Advisors Inc now owns 1,188 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 797 shares during the period. Glen Harbor Capital Management LLC boosted its position in shares of CoreSite Realty Corporation by 496.7% in the first quarter. Glen Harbor Capital Management LLC now owns 5,728 shares of the real estate investment trust’s stock worth $516,000 after buying an additional 4,768 shares during the period. State of Alaska Department of Revenue boosted its position in shares of CoreSite Realty Corporation by 16.7% in the first quarter. State of Alaska Department of Revenue now owns 27,730 shares of the real estate investment trust’s stock worth $2,496,000 after buying an additional 3,960 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of CoreSite Realty Corporation during the first quarter worth $283,000.

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Shares of CoreSite Realty Corporation (COR) opened at 106.27 on Thursday. CoreSite Realty Corporation has a 12 month low of $64.81 and a 12 month high of $113.55. The stock has a market capitalization of $3.64 billion, a PE ratio of 61.14 and a beta of 0.57. The stock’s 50 day moving average is $106.12 and its 200 day moving average is $96.95.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.39%. This is an increase from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, June 28th. CoreSite Realty Corporation’s payout ratio is 206.90%.

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.

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Earnings History and Estimates for CoreSite Realty Corporation (NYSE:COR)

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