CoreSite (COR) Given Media Impact Rating of 0.19

Press coverage about CoreSite (NYSE:COR) has trended somewhat positive on Monday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CoreSite earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.4982160423699 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of COR opened at $102.29 on Monday. The firm has a market cap of $3,502.72, a P/E ratio of 22.63, a PEG ratio of 1.21 and a beta of 0.39. CoreSite has a 1-year low of $89.76 and a 1-year high of $120.85. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.27 and a current ratio of 0.27.

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CoreSite (NYSE:COR) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.04. The business had revenue of $125.95 million for the quarter, compared to the consensus estimate of $125.71 million. CoreSite had a net margin of 15.54% and a return on equity of 16.77%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 earnings per share. analysts predict that CoreSite will post 5 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.92 dividend on an annualized basis and a yield of 3.83%. CoreSite’s payout ratio is 86.73%.

A number of analysts have recently issued reports on COR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $113.00 price objective on shares of CoreSite in a report on Monday, February 12th. Credit Suisse Group set a $111.00 price objective on shares of CoreSite and gave the company a “hold” rating in a report on Wednesday, January 17th. KeyCorp upgraded shares of CoreSite from a “sector weight” rating to an “overweight” rating and lifted their price objective for the company from $98.19 to $110.00 in a report on Monday, March 12th. Robert W. Baird lowered their price objective on shares of CoreSite from $129.00 to $126.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. Finally, TheStreet downgraded shares of CoreSite from a “b-” rating to a “c+” rating in a report on Friday, February 9th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $112.77.

In related news, SVP Steven James Smith sold 2,261 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $106.72, for a total transaction of $241,293.92. Following the transaction, the senior vice president now directly owns 42,915 shares in the company, valued at $4,579,888.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Brian Warren sold 1,242 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $91.62, for a total transaction of $113,792.04. Following the transaction, the senior vice president now owns 38,169 shares in the company, valued at $3,497,043.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 198,000 shares of company stock worth $64,780 and have sold 39,510 shares worth $3,822,268. 1.50% of the stock is currently owned by insiders.

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CoreSite 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 (NYSE:COR)

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