Analysts expect CoreSite Realty Corp (NYSE:COR) to post earnings of $1.23 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for CoreSite Realty’s earnings, with the lowest EPS estimate coming in at $1.19 and the highest estimate coming in at $1.27. CoreSite Realty reported earnings of $1.13 per share during the same quarter last year, which indicates a positive year over year growth rate of 8.8%. The firm is expected to issue its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that CoreSite Realty will report full year earnings of $5.00 per share for the current financial year, with EPS estimates ranging from $4.93 to $5.07. For the next fiscal year, analysts anticipate that the company will report earnings of $5.54 per share, with EPS estimates ranging from $5.23 to $5.75. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover CoreSite Realty.
CoreSite Realty (NYSE:COR) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $125.95 million during the quarter, compared to analyst estimates of $125.71 million. CoreSite Realty had a net margin of 15.54% and a return on equity of 16.77%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 earnings per share.
Shares of CoreSite Realty (COR) traded down $1.73 during trading hours on Friday, hitting $94.23. 210,230 shares of the company were exchanged, compared to its average volume of 430,008. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $3,281.52, a price-to-earnings ratio of 51.35, a PEG ratio of 1.13 and a beta of 0.33. CoreSite Realty has a fifty-two week low of $85.73 and a fifty-two week high of $120.85.
In other CoreSite Realty news, SVP Steven James Smith sold 3,151 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $106.52, for a total value of $335,644.52. Following the sale, the senior vice president now directly owns 42,915 shares in the company, valued at $4,571,305.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders acquired 173,000 shares of company stock worth $55,530 and sold 12,533 shares worth $1,379,689. 1.50% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of COR. Mutual of America Capital Management LLC acquired a new stake in CoreSite Realty during the 3rd quarter worth about $3,121,000. State Treasurer State of Michigan acquired a new position in shares of CoreSite Realty in the 3rd quarter valued at about $1,444,000. Oakbrook Investments LLC acquired a new position in shares of CoreSite Realty in the 3rd quarter valued at about $210,000. LS Investment Advisors LLC increased its holdings in shares of CoreSite Realty by 104.7% in the 3rd quarter. LS Investment Advisors LLC now owns 2,620 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 1,340 shares during the period. Finally, Nationwide Fund Advisors increased its holdings in shares of CoreSite Realty by 193.7% in the 3rd quarter. Nationwide Fund Advisors now owns 150,780 shares of the real estate investment trust’s stock valued at $16,872,000 after purchasing an additional 99,437 shares during the period. Hedge funds and other institutional investors own 98.31% 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.
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