CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 450+ dedicated employees consistently deliver unmatched data center options ? all of which leads to a best-in-class customer experience and lasting relationships. For more information, visit www.CoreSite.com.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
SymbolNYSE:COR
CUSIP21870Q10
Phone866-777-2673
Debt
Debt-to-Equity Ratio2.68
Current Ratio0.23
Quick Ratio0.23
Price-To-Earnings
Trailing P/E Ratio25.54
Forward P/E Ratio22.77
P/E Growth1.43
Sales & Book Value
Annual Sales$481.82 million
Price / Sales8.26
Cash Flow$6.1672 per share
Price / Cash18.72
Book Value$12.23 per share
Price / Book9.44
Profitability
EPS (Most Recent Fiscal Year)$4.52
Net Income$74.85 million
Net Margins15.23%
Return on Equity19.09%
Return on Assets4.87%
Miscellaneous
Employees465
Outstanding Shares34,460,000
Market Cap$3.86 billion
CoreSite Realty (NYSE:COR) Frequently Asked Questions
What is CoreSite Realty's stock symbol?
CoreSite Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "COR."
How often does CoreSite Realty pay dividends? What is the dividend yield for CoreSite Realty?
CoreSite Realty declared a quarterly dividend on Thursday, May 24th. Investors of record on Friday, June 29th will be paid a dividend of $1.03 per share on Monday, July 16th. This represents a $4.12 annualized dividend and a yield of 3.57%. The ex-dividend date is Thursday, June 28th. This is an increase from CoreSite Realty's previous quarterly dividend of $0.98. View CoreSite Realty's Dividend History.
How were CoreSite Realty's earnings last quarter?
CoreSite Realty Corp (NYSE:COR) posted its quarterly earnings results on Thursday, July, 26th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $1.24 by $0.67. The real estate investment trust earned $136.40 million during the quarter, compared to analysts' expectations of $132.99 million. CoreSite Realty had a net margin of 15.23% and a return on equity of 19.09%. CoreSite Realty's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. View CoreSite Realty's Earnings History.
When is CoreSite Realty's next earnings date?
What guidance has CoreSite Realty issued on next quarter's earnings?
CoreSite Realty updated its FY18 earnings guidance on Thursday, July, 26th. The company provided earnings per share (EPS) guidance of $5.00-5.08 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.03.
What price target have analysts set for COR?
17 brokerages have issued twelve-month price objectives for CoreSite Realty's shares. Their forecasts range from $110.00 to $133.00. On average, they expect CoreSite Realty's share price to reach $118.7692 in the next year. This suggests a possible upside of 2.9% from the stock's current price. View Analyst Price Targets for CoreSite Realty.
What is the consensus analysts' recommendation for CoreSite Realty?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoreSite Realty in the last year. There are currently 7 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CoreSite Realty.
What are Wall Street analysts saying about CoreSite Realty stock?
Here are some recent quotes from research analysts about CoreSite Realty stock:
- 1. According to Zacks Investment Research, "Coresite Realty Corporation provides data center products and interconnection services. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection. The company's data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. It serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. CoreSite Realty Corporation is headquartered in Denver, Colorado. " (7/27/2018)
- 2. Credit Suisse Group AG analysts commented, "We found overall revenue guidance to be on the lighter side considering the solid industry-wide trends reported by various data center companies and industry data providers. We believe COR’s interconnection business will continue to drive strong topline growth since the segment is directly correlated to industry-wide secular themes such as rapidly scaling clouds." (2/11/2018)
Who are some of CoreSite Realty's key competitors?
Some companies that are related to CoreSite Realty include Host Hotels and Resorts (HST), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Gecina (GECFF), HCP (HCP), ANNALY Cap Mgmt/SH (NLY), Extra Space Storage (EXR), Klepierre (KLPEF), Mid-America Apartment Communities (MAA), Regency Centers (REG), UDR (UDR), Duke Realty (DRE), SINO Ld Ltd/S (SNLAY), Iron Mountain (IRM) and Federal Realty Investment Trust (FRT).
Who are CoreSite Realty's key executives?
CoreSite Realty's management team includes the folowing people:
- Mr. Paul E. Szurek, Pres, CEO & Director (Age 57)
- Mr. Jeffrey S. Finnin, Chief Financial Officer (Age 55)
- Mr. Derek S. McCandless, Sr. VP of Legal, Gen. Counsel & Sec. (Age 47)
- Mr. Steven J. Smith, Chief Revenue Officer (Age 53)
- Mr. Brian P. Warren, Sr. VP of Engineering & Product (Age 48)
Has CoreSite Realty been receiving favorable news coverage?
News headlines about COR stock have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news 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 closest to one being the most favorable. CoreSite Realty earned a coverage optimism score of 0.11 on Accern's scale. They also gave headlines about the real estate investment trust an impact score of 46.87 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for CoreSite Realty.
Who are CoreSite Realty's major shareholders?
CoreSite Realty's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.38%), FMR LLC (8.76%), Wells Fargo & Company MN (4.98%), Renaissance Technologies LLC (2.07%), Bank of America Corp DE (1.92%) and Dimensional Fund Advisors LP (1.52%). Company insiders that own CoreSite Realty stock include Brian Warren, Derek Mccandless, Jeffrey S Finnin, Juan Font, Kenneth C Mcnaughton, Mark R Jones, Olav Langelaar, Paul E Szurek, Realty Iii Gp LLC Carlyle and Steven James Smith. View Institutional Ownership Trends for CoreSite Realty.
Which institutional investors are selling CoreSite Realty stock?
COR stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, FMR LLC, Heitman Real Estate Securities LLC, Bank of America Corp DE, Janus Henderson Group PLC, First Trust Advisors LP, Capital Fund Management S.A. and Duff & Phelps Investment Management Co.. Company insiders that have sold CoreSite Realty company stock in the last year include Brian Warren, Derek Mccandless, Jeffrey S Finnin, Juan Font, Mark R Jones, Olav Langelaar, Paul E Szurek, Realty Iii Gp LLC Carlyle and Steven James Smith. View Insider Buying and Selling for CoreSite Realty.
Which institutional investors are buying CoreSite Realty stock?
COR stock was purchased by a variety of institutional investors in the last quarter, including BTIM Corp., BlackRock Inc., Aviva PLC, Advisors Asset Management Inc., Russell Investments Group Ltd., First Republic Investment Management Inc., Wells Fargo & Company MN and Bank of Montreal Can. Company insiders that have bought CoreSite Realty stock in the last two years include Kenneth C Mcnaughton and Paul E Szurek. View Insider Buying and Selling for CoreSite Realty.
How do I buy shares of CoreSite Realty?
Shares of COR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CoreSite Realty's stock price today?
One share of COR stock can currently be purchased for approximately $115.45.
How big of a company is CoreSite Realty?
CoreSite Realty has a market capitalization of $3.86 billion and generates $481.82 million in revenue each year. The real estate investment trust earns $74.85 million in net income (profit) each year or $4.52 on an earnings per share basis. CoreSite Realty employs 465 workers across the globe.
How can I contact CoreSite Realty?
CoreSite Realty's mailing address is 1001 17TH STREET SUITE 500, DENVER CO, 80202. The real estate investment trust can be reached via phone at 866-777-2673 or via email at [email protected]
MarketBeat Community Rating for CoreSite Realty (NYSE COR)
MarketBeat's community ratings are surveys of what our community members think about CoreSite Realty and other stocks. Vote "Outperform" if you believe COR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe COR will underperform the S&P 500 over the long term. You may vote once every thirty days.
