CoreSite Realty Corporation (NYSE:COR) – Jefferies Group dropped their FY2018 earnings estimates for shares of CoreSite Realty Corporation in a report released on Monday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings per share of $5.11 for the year, down from their prior estimate of $5.22. Jefferies Group has a “Buy” rating and a $119.00 price target on the stock.

CoreSite Realty Corporation (NYSE:COR) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.64). CoreSite Realty Corporation had a return on equity of 15.35% and a net margin of 15.21%. The business had revenue of $123.07 million for the quarter, compared to the consensus estimate of $121.27 million. During the same period in the prior year, the business posted $0.90 earnings per share. CoreSite Realty Corporation’s revenue was up 21.5% compared to the same quarter last year.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/equities-analysts-set-expectations-for-coresite-realty-corporations-fy2018-earnings-cor/1708023.html.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 price target on the stock in a research note on Monday, July 31st. BidaskClub upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Citigroup Inc. lifted their target price on shares of CoreSite Realty Corporation from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. ValuEngine upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, Credit Suisse Group set a $111.00 target price on shares of CoreSite Realty Corporation and gave the stock a “hold” rating in a research report on Friday, October 27th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $107.20.

Shares of CoreSite Realty Corporation (NYSE COR) traded up $1.16 during trading on Wednesday, reaching $115.35. 295,536 shares of the company’s stock were exchanged, compared to its average volume of 428,486. The firm has a market capitalization of $5,550.00, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.54 and a beta of 0.43. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.29. CoreSite Realty Corporation has a 12-month low of $64.81 and a 12-month high of $120.85.

A number of institutional investors and hedge funds have recently modified their holdings of the business. OppenheimerFunds Inc. boosted its stake in shares of CoreSite Realty Corporation by 26.2% during the first quarter. OppenheimerFunds Inc. now owns 3,931 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 817 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of CoreSite Realty Corporation by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 457,964 shares of the real estate investment trust’s stock valued at $41,239,000 after purchasing an additional 23,454 shares during the period. State Street Corp boosted its stake in shares of CoreSite Realty Corporation by 8.3% during the first quarter. State Street Corp now owns 826,392 shares of the real estate investment trust’s stock valued at $74,416,000 after purchasing an additional 63,493 shares during the period. HighTower Advisors LLC purchased a new stake in CoreSite Realty Corporation in the first quarter worth $302,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in CoreSite Realty Corporation in the first quarter worth $2,489,000. 99.13% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Jeffrey S. Finnin sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $109.39, for a total value of $875,120.00. Following the transaction, the chief financial officer now directly owns 98,562 shares in the company, valued at $10,781,697.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Paul E. Szurek sold 3,805 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total transaction of $447,011.40. Following the completion of the transaction, the chief executive officer now owns 93,405 shares in the company, valued at $10,973,219.40. The disclosure for this sale can be found here. Insiders sold a total of 31,805 shares of company stock worth $1,876,481 over the last three months. 1.50% of the stock is owned by 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.

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

Receive News & Ratings for CoreSite Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.