CoreSite Realty (COR) Receiving Somewhat Positive Press Coverage, Report Finds

Media stories about CoreSite Realty (NYSE:COR) have trended somewhat positive on Wednesday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CoreSite Realty earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.6822600476209 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

Shares of CoreSite Realty (NYSE:COR) traded down $0.51 during trading on Wednesday, reaching $106.79. 321,266 shares of the company’s stock were exchanged, compared to its average volume of 351,316. CoreSite Realty has a 1 year low of $83.42 and a 1 year high of $120.85. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $5,130.00, a price-to-earnings ratio of 58.04, a P/E/G ratio of 1.23 and a beta of 0.44.

CoreSite Realty (NYSE:COR) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.64). CoreSite Realty had a net margin of 15.21% and a return on equity of 15.35%. The company had revenue of $123.07 million during the quarter, compared to analyst estimates of $121.27 million. During the same quarter in the prior year, the business earned $0.90 EPS. The business’s quarterly revenue was up 21.5% on a year-over-year basis. research analysts expect that CoreSite Realty will post 4.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a $0.98 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.92 dividend on an annualized basis and a yield of 3.67%. This is a positive change from CoreSite Realty’s previous quarterly dividend of $0.90. CoreSite Realty’s dividend payout ratio (DPR) is currently 213.04%.

Several analysts recently issued reports on the stock. Mitsubishi UFJ Financial Group assumed coverage on shares of CoreSite Realty in a research report on Wednesday, January 10th. They set an “overweight” rating and a $124.00 price target on the stock. Credit Suisse Group set a $111.00 price target on shares of CoreSite Realty and gave the stock a “hold” rating in a research report on Wednesday. Citigroup increased their price target on shares of CoreSite Realty 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 from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, SunTrust Banks reiterated a “buy” rating and set a $133.00 price target on shares of CoreSite Realty in a research report on Thursday, December 7th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. CoreSite Realty currently has a consensus rating of “Buy” and an average target price of $110.75.

In other CoreSite Realty news, SVP Steven James Smith sold 7,121 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $112.73, for a total value of $802,750.33. Following the sale, the senior vice president now owns 48,137 shares in the company, valued at $5,426,484.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the firm’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 transaction of $875,120.00. Following the completion of the sale, the chief financial officer now owns 98,562 shares in the company, valued at approximately $10,781,697.18. The disclosure for this sale can be found here. Insiders sold 20,121 shares of company stock worth $2,224,720 in the last 90 days. Company insiders own 1.50% of the company’s stock.

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CoreSite Realty 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.

Insider Buying and Selling by Quarter for CoreSite Realty (NYSE:COR)

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