Press coverage about CoreSite Realty Corporation (NYSE:COR) has been trending positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CoreSite Realty Corporation earned a coverage optimism score of 0.36 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 41 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Placing the Spotlight on CoreSite Realty Corp (COR): Technical Stock Update – Sparta Review (spartareview.com)
- CoreSite Realty Set to Join S&P MidCap 400; Vonage to Join S&P SmallCap 600 – PR Newswire (press release) (prnewswire.com)
- What Do The Technicals Boil Down To For CoreSite Realty Corp (COR)? – Evergreen Caller (evergreencaller.com)
- CoreSite Realty Corp (COR): Stepping into the Trading Studio – Hayden Business Journal (haydenbusinessjournal.com)
Several research analysts have recently issued reports on COR shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $119.00 target price on shares of CoreSite Realty Corporation in a research note on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $110.00 target price on shares of CoreSite Realty Corporation in a research note on Thursday, June 8th. Citigroup Inc. lowered shares of CoreSite Realty Corporation from a “buy” rating to a “neutral” rating and set a $103.00 target price on the stock. in a research note on Wednesday, May 3rd. Credit Suisse Group began coverage on shares of CoreSite Realty Corporation in a research note on Friday, June 30th. They set a “neutral” rating and a $103.00 price objective on the stock. Finally, Zacks Investment Research raised shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research note on Wednesday, June 28th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $98.00.
CoreSite Realty Corporation (NYSE COR) opened at 107.73 on Wednesday. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 61.99 and a beta of 0.57. The firm has a 50-day moving average of $106.30 and a 200-day moving average of $96.39. CoreSite Realty Corporation has a 52 week low of $64.81 and a 52 week high of $113.55.
CoreSite Realty Corporation (NYSE:COR) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The business had revenue of $117.89 million for the quarter, compared to analysts’ expectations of $117.32 million. During the same period last year, the business earned $0.89 EPS. The business’s revenue was up 22.7% on a year-over-year basis. Equities analysts forecast that CoreSite Realty Corporation will post $1.82 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This is a boost from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 3.34%. CoreSite Realty Corporation’s dividend payout ratio (DPR) is 206.90%.
In related news, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $1,107,400.00. Following the completion of the sale, the senior vice president now owns 48,913 shares of the company’s stock, valued at approximately $5,416,625.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $885,920.00. Following the completion of the sale, the chief financial officer now directly owns 110,493 shares of the company’s stock, valued at approximately $12,235,994.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,000 shares of company stock worth $3,048,120. Company insiders own 3.10% of the company’s stock.
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CoreSite Realty Corporation 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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