CoreSite Realty Corporation (NYSE:COR) – Investment analysts at KeyCorp upped their FY2017 earnings per share (EPS) estimates for CoreSite Realty Corporation in a report issued on Monday. KeyCorp analyst J. Sadler now anticipates that the real estate investment trust will earn $4.52 per share for the year, up from their prior forecast of $4.49. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for CoreSite Realty Corporation’s FY2018 earnings at $5.03 EPS.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research note on Thursday. Credit Suisse Group set a $111.00 price target on CoreSite Realty Corporation and gave the stock a “hold” rating in a research note on Friday, October 27th. Citigroup Inc. boosted their price target on CoreSite Realty Corporation from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Cowen and Company restated a “buy” rating and set a $111.00 price target on shares of CoreSite Realty Corporation in a research note on Thursday, October 19th. Finally, 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 price target on the stock. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. CoreSite Realty Corporation presently has an average rating of “Buy” and an average target price of $107.20.

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

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. This represents a $3.60 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Thursday, September 28th. CoreSite Realty Corporation’s payout ratio is 195.65%.

In other news, 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 directly owns 93,405 shares of the company’s stock, valued at approximately $10,973,219.40. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of COR. Penserra Capital Management LLC acquired a new position in CoreSite Realty Corporation in the 2nd quarter valued at $103,000. US Bancorp DE raised its stake in CoreSite Realty Corporation by 6.7% in the 2nd quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 75 shares during the last quarter. LS Investment Advisors LLC raised its stake in CoreSite Realty Corporation by 4.6% in the 2nd quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 56 shares during the last quarter. IFP Advisors Inc raised its stake in CoreSite Realty Corporation by 14.6% in the 2nd quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 174 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in CoreSite Realty Corporation by 115.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 783 shares during the last quarter. 98.29% of the stock is owned by hedge funds and other institutional investors.

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 and Estimates for CoreSite Realty Corporation (NYSE:COR)

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