About CoreSite Realty Corporation (NYSE:COR)
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.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Retail REITs
- Sub-Industry: Office REITs
- Symbol: NYSE:COR
- CUSIP: 21870Q10
- Web: www.coresite.com
- Market Cap: $3.93155 billion
- Outstanding Shares: 34,227,000
- 50 Day Moving Avg: $112.89
- 200 Day Moving Avg: $106.04
- 52 Week Range: $64.81 - $120.85
Sales & Book Value:
- Trailing P/E Ratio: 65.41
- Foreward P/E Ratio: 22.60
- P/E Growth: 2.87
- Annual Revenue: $444.59 million
- Price / Sales: 8.75
- Book Value: $8.90 per share
- Price / Book: 12.77
- Annual Dividend: $3.60
- Dividend Yield: 3.1%
- EBITDA: $232.47 million
- Net Margins: 15.15%
- Return on Equity: 14.14%
- Return on Assets: 4.69%
- Debt-to-Equity Ratio: 1.69%
- Current Ratio: 0.46%
- Quick Ratio: 0.46%
- Average Volume: 524,640 shs.
- Beta: 0.56
- Short Ratio: 4.26
Frequently Asked Questions for CoreSite Realty Corporation (NYSE:COR)
What is CoreSite Realty Corporation's stock symbol?
CoreSite Realty Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "COR."
How often does CoreSite Realty Corporation pay dividends? What is the dividend yield for CoreSite Realty Corporation?
CoreSite Realty Corporation announced a quarterly dividend on Friday, September 1st. Investors of record on Friday, September 29th will be paid a dividend of $0.90 per share on Monday, October 16th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, September 28th. View CoreSite Realty Corporation's Dividend History.
How were CoreSite Realty Corporation's earnings last quarter?
CoreSite Realty Corporation (NYSE:COR) announced its quarterly earnings data on Thursday, July, 27th. The company reported $1.10 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.08 by $0.02. The business had revenue of $117.89 million for the quarter, compared to analysts' expectations of $117.32 million. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. The business's quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. View CoreSite Realty Corporation's Earnings History.
When will CoreSite Realty Corporation make its next earnings announcement?
What guidance has CoreSite Realty Corporation issued on next quarter's earnings?
CoreSite Realty Corporation issued an update on its FY17 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $4.39-4.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.43.
Where is CoreSite Realty Corporation's stock going? Where will CoreSite Realty Corporation's stock price be in 2017?
11 brokerages have issued 1 year target prices for CoreSite Realty Corporation's shares. Their predictions range from $84.00 to $119.00. On average, they anticipate CoreSite Realty Corporation's stock price to reach $103.33 in the next twelve months. View Analyst Ratings for CoreSite Realty Corporation.
Who are some of CoreSite Realty Corporation's key competitors?
Some companies that are related to CoreSite Realty Corporation include National Retail Properties (NNN), Brixmor Property Group (BRX), Weingarten Realty Investors (WRI), DDR Corp. (DDR), Taubman Centers (TCO), Retail Properties of America (RPAI), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Retail Opportunity Investments Corp. (ROIC), American Assets Trust (AAT), Kite Realty Group Trust (KRG), Washington Prime Group (WPG), Four Corners Property Trust (FCPT), Agree Realty Corporation (ADC), Saul Centers (BFS), Getty Realty Corporation (GTY) and Ramco-Gershenson Properties Trust (RPT).
Who are CoreSite Realty Corporation's key executives?
CoreSite Realty Corporation's management team includes the folowing people:
- Robert G. Stuckey, Independent Chairman of the Board
- Paul E. Szurek, President, Chief Executive Officer, Director
- Jeffrey S. Finnin CPA, Chief Financial Officer
- Derek S. McCandless, Senior Vice President - Legal, General Counsel, Secretary
- Steven J. Smith, Senior Vice President - Sales and Marketing
- Dominic M. Tobin, Senior Vice President - Field Operations and Network Engineering
- Brian P. Warren, Senior Vice President - Engineering and Product
- David A. Wilson, Lead Independent Director
- Kelly C. Chambliss, Director
- James A. Attwood Jr., Independent Director
Who owns CoreSite Realty Corporation stock?
CoreSite Realty Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (0.84%), Mutual of America Capital Management LLC (0.08%), State Treasurer State of Michigan (0.04%), Eqis Capital Management Inc. (0.03%), Exane Derivatives (0.02%) and Beacon Financial Group (0.01%). Company insiders that own CoreSite Realty Corporation stock include Brian Warren, Derek Mccandless, Dominic M Tobin, Jeffrey S Finnin, Paul E Szurek, Peter D Staple, Realty Iii Gp LLC Carlyle, Steven James Smith and Thomas M Ray. View Institutional Ownership Trends for CoreSite Realty Corporation.
Who sold CoreSite Realty Corporation stock? Who is selling CoreSite Realty Corporation stock?
CoreSite Realty Corporation's stock was sold by a variety of institutional investors in the last quarter, including Beacon Financial Group, Eqis Capital Management Inc. and Exane Derivatives. Company insiders that have sold CoreSite Realty Corporation stock in the last year include Derek Mccandless, Jeffrey S Finnin, Paul E Szurek and Steven James Smith. View Insider Buying and Selling for CoreSite Realty Corporation.
Who bought CoreSite Realty Corporation stock? Who is buying CoreSite Realty Corporation stock?
CoreSite Realty Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Mutual of America Capital Management LLC, State Treasurer State of Michigan, Oakbrook Investments LLC and LS Investment Advisors LLC. Company insiders that have bought CoreSite Realty Corporation stock in the last two years include Paul E Szurek and Peter D Staple. View Insider Buying and Selling for CoreSite Realty Corporation.
How do I buy CoreSite Realty Corporation stock?
Shares of CoreSite Realty Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CoreSite Realty Corporation's stock price today?
MarketBeat Community Rating for CoreSite Realty Corporation (NYSE COR)MarketBeat's community ratings are surveys of what our community members think about CoreSite Realty Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of CoreSite Realty Corporation stock can currently be purchased for approximately $113.69.
Consensus Ratings for CoreSite Realty Corporation (NYSE:COR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||7 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.36)|
|Consensus Price Target: ||$103.33 (9.11% downside)|Consensus Price Target History for CoreSite Realty Corporation (NYSE:COR)
Analysts' Ratings History for CoreSite Realty Corporation (NYSE:COR)
(Data available from 10/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/19/2017||Cowen and Company||Reiterated Rating||Buy||$111.00||N/A|
|9/25/2017||J P Morgan Chase & Co||Initiated Coverage||Neutral -> Neutral||$118.00||Low|
|9/22/2017||William Blair||Initiated Coverage||Outperform -> Outperform||Medium|
|7/25/2017||Jefferies Group LLC||Reiterated Rating||Buy||$119.00||Low|
|7/18/2017||Royal Bank Of Canada||Reiterated Rating||Buy||Low|
|6/30/2017||Credit Suisse Group||Initiated Coverage||Neutral||$103.00||Low|
|5/17/2017||Wells Fargo & Company||Initiated Coverage||Market Perform -> Market Perform||$94.00||Low|
|5/3/2017||Citigroup Inc.||Downgrade||Buy -> Neutral||$103.00||Medium|
|2/7/2017||Guggenheim||Downgrade||Buy -> Neutral||$88.00||N/A|
|10/7/2016||Raymond James Financial, Inc.||Initiated Coverage||Market Perform||N/A|
|10/3/2016||Stifel Nicolaus||Upgrade||Sell -> Hold||$75.00||N/A|
|7/21/2016||SunTrust Banks, Inc.||Initiated Coverage||Buy||$100.00||N/A|
|6/7/2016||Canaccord Genuity||Initiated Coverage||Buy||$92.00||N/A|
|4/29/2016||Stephens||Downgrade||Overweight -> Equal Weight||N/A|
|11/11/2015||BB&T Corporation||Initiated Coverage||Average -> Buy||$65.50||N/A|
Earnings History for CoreSite Realty Corporation (NYSE:COR)Earnings History by Quarter for CoreSite Realty Corporation (NYSE COR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$1.08||$1.10||$117.32 million||$117.89 million||View||N/A|
|4/27/2017||Q1 2017||$1.07||$1.13||$114.48 million||$114.92 million||View||N/A|
|2/9/2017||Q416||$0.98||$1.06||$107.37 million||$110.50 million||View||Listen|
|10/27/2016||Q316||$0.91||$0.90||$104.35 million||$101.27 million||View||Listen|
|7/28/2016||Q216||$0.86||$0.89||$96.09 million||$96.10 million||View||Listen|
|4/28/2016||Q116||$0.83||$0.86||$93.90 million||$92.48 million||View||Listen|
|2/11/2016||Q415||$0.78||$0.80||$88.84 million||$90.92 million||View||Listen|
|10/22/2015||Q315||$0.72||$0.74||$82.57 million||$86.60 million||View||Listen|
|7/23/2015||Q215||$0.64||$0.68||$77.89 million||$81.46 million||View||Listen|
|4/23/2015||Q115||$0.61||$0.64||$75.03 million||$74.75 million||View||Listen|
|2/12/2015||Q414||$0.57||$0.61||$70.89 million||$72.50 million||View||Listen|
|10/30/2014||Q314||$0.53||$0.55||$68.50 million||$70.52 million||View||Listen|
|7/23/2014||Q214||$0.51||$0.57||$64.95 million||$65.70 million||View||Listen|
|4/24/2014||Q114||$0.48||$0.49||$63.25 million||$63.70 million||View||Listen|
|2/13/2014||Q413||$0.48||$0.49||$62.60 million||$61.44 million||View||Listen|
|10/31/2013||Q313||$0.46||$0.47||$60.20 million||$60.64 million||View||Listen|
|7/25/2013||Q213||$0.43||$0.45||$58.08 million||$57.70 million||View||Listen|
|4/24/2013||Q113||$0.41||$0.41||$56.24 million||$55.10 million||View||Listen|
|2/22/2013||$0.40||$0.42||$54.17 million||$55.30 million||View||Listen|
|11/1/2012||Q312||$0.38||$0.40||$49.44 million||$53.80 million||View||N/A|
Earnings Estimates for CoreSite Realty Corporation (NYSE:COR)
2017 EPS Consensus Estimate: $4.36
2018 EPS Consensus Estimate: $5.06
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for CoreSite Realty Corporation (NYSE:COR)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||25.20% (3 Year Average)|
|Payout Ratio:||206.90% (Trailing 12 Months of Earnings) |
80.72% (Based on This Year's Estimates)
71.57% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for CoreSite Realty Corporation (NYSE COR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for CoreSite Realty Corporation (NYSE:COR)
Insider Ownership Percentage: 1.50%Insider Trades by Quarter for CoreSite Realty Corporation (NYSE:COR)
Institutional Ownership Percentage: 98.00%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/13/2017||Paul E Szurek||CEO||Sell||3,805||$117.48||$447,011.40|| |
|8/1/2017||Derek Mccandless||SVP||Sell||10,000||$110.74||$1,107,400.00|| |
|8/1/2017||Jeffrey S Finnin||CFO||Sell||8,000||$110.74||$885,920.00|| |
|6/1/2017||Derek Mccandless||SVP||Sell||10,000||$105.48||$1,054,800.00|| |
|5/2/2017||Jeffrey S Finnin||CFO||Sell||8,000||$98.75||$790,000.00|| |
|5/1/2017||Steven James Smith||SVP||Sell||1,152||$100.00||$115,200.00|| |
|4/27/2017||Steven James Smith||SVP||Sell||2,000||$95.00||$190,000.00|| |
|3/22/2017||Jeffrey S Finnin||CFO||Sell||14,900||$88.27||$1,315,223.00|| |
|3/15/2017||Derek Mccandless||SVP||Sell||22,898||$88.17||$2,018,916.66|| |
|3/6/2017||Derek Mccandless||SVP||Sell||2,353||$88.89||$209,158.17|| |
|3/6/2017||Jeffrey S Finnin||CFO||Sell||3,451||$88.87||$306,690.37|| |
|3/3/2017||Steven James Smith||SVP||Sell||699||$89.34||$62,448.66|| |
|3/2/2017||Derek Mccandless||SVP||Sell||2,867||$90.22||$258,660.74|| |
|3/2/2017||Jeffrey S Finnin||CFO||Sell||23,925||$89.77||$2,147,747.25|| |
|12/5/2016||Paul E Szurek||CEO||Buy||7,000||$68.92||$482,440.00|| |
|8/16/2016||Dominic M Tobin||SVP||Sell||10,000||$81.65||$816,500.00|| |
|8/16/2016||Paul E Szurek||Director||Buy||1,000||$81.20||$81,200.00|| |
|8/16/2016||Thomas M Ray||Insider||Sell||21,179||$81.57||$1,727,571.03|| |
|8/1/2016||Derek Mccandless||SVP||Sell||10,000||$82.37||$823,700.00|| |
|8/1/2016||Jeffrey S Finnin||CFO||Sell||8,000||$82.61||$660,880.00|| |
|5/16/2016||Peter D Staple||CEO||Buy||12,500||$3.60||$45,000.00|| |
|5/2/2016||Derek Mccandless||SVP||Sell||10,000||$75.47||$754,700.00|| |
|5/2/2016||Jeffrey S Finnin||CFO||Sell||4,000||$75.52||$302,080.00|| |
|4/7/2016||Derek Mccandless||SVP||Sell||635||$70.78||$44,945.30|| |
|4/7/2016||Thomas M Ray||CEO||Sell||4,185||$70.75||$296,088.75|| |
|4/5/2016||Jeffrey S Finnin||CFO||Sell||1,595||$70.24||$112,032.80|| |
|3/14/2016||Jeffrey S Finnin||CFO||Sell||4,000||$67.00||$268,000.00|| |
|3/8/2016||Derek Mccandless||SVP||Sell||1,010||$64.91||$65,559.10|| |
|3/8/2016||Thomas M Ray||CEO||Sell||6,460||$64.77||$418,414.20|| |
|3/7/2016||Derek Mccandless||SVP||Sell||658||$65.22||$42,914.76|| |
|3/7/2016||Thomas M Ray||CEO||Sell||3,080||$64.96||$200,076.80|| |
|3/3/2016||Jeffrey S Finnin||CFO||Sell||1,371||$63.82||$87,497.22|| |
|2/29/2016||Jeffrey S Finnin||CFO||Sell||1,400||$66.47||$93,058.00|| |
|11/3/2015||Realty Iii Gp L.L.C. Carlyle||Major Shareholder||Sell||4,000,000||$54.56||$218,240,000.00|| |
|11/2/2015||Jeffrey S Finnin||CFO||Sell||4,000||$55.10||$220,400.00|| |
|11/2/2015||Thomas M. Ray||CEO||Sell||11,819||$56.77||$670,964.63|| |
|10/26/2015||Brian Warren||SVP||Sell||360||$56.25||$20,250.00|| |
|8/13/2015||Dominic M Tobin||SVP||Sell||10,000||$49.69||$496,900.00|| |
|7/2/2015||Billie R Haggard||SVP||Sell||5,000||$46.59||$232,950.00|| |
|4/10/2015||Thomas M Ray||CEO||Sell||5,318||$50.60||$269,090.80|| |
|4/6/2015||Jeffrey S Finnin||CFO||Sell||1,451||$50.72||$73,594.72|| |
|3/9/2015||Derek Mccandless||SVP||Sell||1,040||$46.53||$48,391.20|| |
|3/9/2015||Thomas M Ray||CEO||Sell||6,240||$46.19||$288,225.60|| |
|3/4/2015||Jeffrey S Finnin||CFO||Sell||1,891||$48.14||$91,032.74|| |
|3/2/2015||Jeffrey S Finnin||CFO||Sell||1,273||$47.92||$61,002.16|| |
|10/2/2014||Thomas M Ray||CEO||Sell||3,375||$32.67||$110,261.25|| |
|9/29/2014||Billie R Haggard||SVP||Sell||408||$32.76||$13,366.08|| |
|4/7/2014||Jeffrey Finnin||CFO||Sell||1,306||$31.42||$41,034.52|| |
|3/11/2014||Jeffrey Finnin||CFO||Sell||1,773||$31.14||$55,211.22|| |
|1/24/2014||Jeffrey Finnin||CFO||Sell||8,873||$32.43||$287,751.39|| |
|12/13/2013||Thomas Ray||CEO||Buy||5,000||$28.76||$143,800.00|| |
|3/11/2013||Jeffrey S Finnin||CFO||Sell||1,773||$34.34||$60,884.82|| |
|3/5/2013||Jeffrey S Finnin||CFO||Sell||2,657||$34.29||$91,108.53|| |
Headline Trends for CoreSite Realty Corporation (NYSE:COR)
Latest Headlines for CoreSite Realty Corporation (NYSE:COR)
CoreSite Realty Corporation (COR) Chart for Saturday, October, 21, 2017