Headlines about CoreSite Realty Corp (NYSE:COR) have been trending somewhat positive recently, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CoreSite Realty Corp earned a news impact score of 0.06 on AlphaOne’s scale. AlphaOne also assigned news articles about the real estate investment trust an impact score of 46 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted AlphaOne’s rankings:
- Jefferies Group Equities Analysts Increase Earnings Estimates for CoreSite Realty Corp (COR) (forextv.com)
- CoreSite Realty Corp (COR) Earns Market Perform Rating from Analysts at Wells Fargo & Co (americanbankingnews.com)
- CCI Signal Monitor on Shares of Coresite Realty Corp (COR) – Stock Daily Review (stockdailyreview.com)
- COR Crosses Above Average Analyst Target (nasdaq.com)
- Microsoft Azure ExpressRoute Now Available at CoreSite’s Denver Data Center Campus (finance.yahoo.com)
Several equities research analysts have weighed in on the company. Wells Fargo & Co assumed coverage on CoreSite Realty Corp in a research report on Wednesday. They issued a “market perform” rating and a $94.00 target price on the stock. Citigroup Inc lowered CoreSite Realty Corp from a “buy” rating to a “neutral” rating and set a $103.00 price target on the stock. in a report on Wednesday, May 3rd. Zacks Investment Research lowered CoreSite Realty Corp from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Macquarie started coverage on CoreSite Realty Corp in a report on Thursday, April 6th. They set a “neutral” rating and a $84.00 price target on the stock. Finally, Guggenheim lowered CoreSite Realty Corp from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a report on Tuesday, February 7th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. CoreSite Realty Corp presently has a consensus rating of “Hold” and an average target price of $87.60.
CoreSite Realty Corp (NYSE:COR) opened at 100.02 on Friday. The company has a 50 day moving average price of $95.22 and a 200-day moving average price of $84.62. CoreSite Realty Corp has a 52-week low of $64.81 and a 52-week high of $102.11. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 60.62 and a beta of 0.66.
CoreSite Realty Corp (NYSE:COR) last released its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.06. The firm had revenue of $114.92 million for the quarter, compared to analysts’ expectations of $114.48 million. CoreSite Realty Corp had a net margin of 14.14% and a return on equity of 11.45%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Equities research analysts anticipate that CoreSite Realty Corp will post $1.77 EPS for the current year.
In related news, SVP Steven James Smith sold 699 shares of the company’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $89.34, for a total value of $62,448.66. Following the completion of the transaction, the senior vice president now directly owns 48,274 shares in the company, valued at $4,312,799.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $98.75, for a total transaction of $790,000.00. Following the completion of the transaction, the chief financial officer now owns 113,268 shares of the company’s stock, valued at $11,185,215. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,245 shares of company stock worth $7,414,045. Insiders own 3.10% of the company’s stock.
CoreSite Realty Corp 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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