CoreSite Realty Corporation (NYSE:COR) – Stock analysts at SunTrust Banks decreased their Q1 2018 earnings per share (EPS) estimates for shares of CoreSite Realty in a research note issued on Wednesday. SunTrust Banks analyst G. Miller now anticipates that the real estate investment trust will post earnings per share of $1.23 for the quarter, down from their prior forecast of $1.24. SunTrust Banks currently has a “Buy” rating and a $133.00 price target on the stock. SunTrust Banks also issued estimates for CoreSite Realty’s Q3 2018 earnings at $1.25 EPS and FY2018 earnings at $5.03 EPS.

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

Several other equities analysts have also weighed in on the company. Citigroup lifted their price target on CoreSite Realty from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, October 27th. BidaskClub upgraded CoreSite Realty from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. Credit Suisse Group set a $111.00 price objective on CoreSite Realty and gave the stock a “hold” rating in a research note on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of CoreSite Realty in a research note on Tuesday, September 12th. Finally, Zacks Investment Research lowered CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. CoreSite Realty has a consensus rating of “Buy” and an average price target of $109.55.

CoreSite Realty (COR) opened at $115.46 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.80. CoreSite Realty has a 52 week low of $74.65 and a 52 week high of $120.85. The firm has a market capitalization of $3,953.58, a PE ratio of 26.30, a P/E/G ratio of 1.52 and a beta of 0.44.

A number of large investors have recently added to or reduced their stakes in the business. US Bancorp DE raised its stake in shares of CoreSite Realty by 6.7% in the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 75 shares in the last quarter. IFP Advisors Inc raised its stake in shares of CoreSite Realty by 14.6% in the second quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 174 shares in the last quarter. Zions Bancorporation acquired a new stake in shares of CoreSite Realty in the third quarter valued at $170,000. Schroder Investment Management Group acquired a new stake in shares of CoreSite Realty in the second quarter valued at $188,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of CoreSite Realty in the third quarter valued at $207,000. Institutional investors own 98.91% of the company’s stock.

In other CoreSite Realty news, SVP Derek Mccandless sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.37, for a total transaction of $546,850.00. Following the transaction, the senior vice president now directly owns 36,613 shares in the company, valued at $4,004,363.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 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 16,805 shares of company stock worth $1,868,981 over the last quarter. 1.50% of the stock is currently owned by insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from CoreSite Realty’s previous quarterly dividend of $0.90. This represents a $3.92 dividend on an annualized basis and a yield of 3.40%. CoreSite Realty’s dividend payout ratio is currently 195.65%.

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About CoreSite Realty

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 (NYSE:COR)

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