Analyzing CoreSite Realty Corp (NYSE:COR) and Its Competitors

CoreSite Realty Corp (NYSE: COR) is one of 34 public companies in the “Retail REITs” industry, but how does it contrast to its rivals? We will compare CoreSite Realty Corp to related companies based on the strength of its institutional ownership, risk, valuation, profitability, analyst recommendations, dividends and earnings.

Dividends

CoreSite Realty Corp pays an annual dividend of $3.60 per share and has a dividend yield of 3.2%. CoreSite Realty Corp pays out 206.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Retail REITs” companies pay a dividend yield of 4.2% and pay out 143.3% of their earnings in the form of a dividend. CoreSite Realty Corp has raised its dividend for 6 consecutive years. CoreSite Realty Corp lags its rivals as a dividend stock, given its lower dividend yield and higher payout ratio.

Valuation & Earnings

This table compares CoreSite Realty Corp and its rivals top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
CoreSite Realty Corp $444.59 million $232.47 million 64.23
CoreSite Realty Corp Competitors $711.68 million $472.02 million 29.21

CoreSite Realty Corp’s rivals have higher revenue and earnings than CoreSite Realty Corp. CoreSite Realty Corp is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Analyst Ratings

This is a breakdown of recent recommendations for CoreSite Realty Corp and its rivals, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
CoreSite Realty Corp 0 7 3 0 2.30
CoreSite Realty Corp Competitors 130 987 1113 22 2.46

CoreSite Realty Corp currently has a consensus target price of $102.38, suggesting a potential downside of 8.40%. As a group, “Retail REITs” companies have a potential upside of 15.87%. Given CoreSite Realty Corp’s rivals stronger consensus rating and higher possible upside, analysts plainly believe CoreSite Realty Corp has less favorable growth aspects than its rivals.

Insider & Institutional Ownership

98.0% of CoreSite Realty Corp shares are owned by institutional investors. Comparatively, 85.4% of shares of all “Retail REITs” companies are owned by institutional investors. 1.5% of CoreSite Realty Corp shares are owned by insiders. Comparatively, 10.4% of shares of all “Retail REITs” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Profitability

This table compares CoreSite Realty Corp and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
CoreSite Realty Corp 20.47% 20.21% 6.59%
CoreSite Realty Corp Competitors 21.50% 5.29% 2.95%

Volatility and Risk

CoreSite Realty Corp has a beta of 0.56, indicating that its stock price is 44% less volatile than the S&P 500. Comparatively, CoreSite Realty Corp’s rivals have a beta of 0.67, indicating that their average stock price is 33% less volatile than the S&P 500.

Summary

CoreSite Realty Corp rivals beat CoreSite Realty Corp on 12 of the 15 factors compared.

About CoreSite Realty Corp

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. The enterprises, network operators, cloud providers and supporting service providers choose CoreSite to connect and protect their data, applications and computing workloads. Its offerings include the CoreSite Open Cloud Exchange and the Any2 Internet Exchange. As of December 31, 2016, it had offered cloud-enabled, network data center campuses with over 20,000 interconnections across its portfolio and direct access to carriers and Internet service providers, cloud and information technology service providers, and inter site connectivity.

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