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About CoreSite (NYSE:COR)
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 1,250 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
Industry Real estate investment trusts
Trailing P/E Ratio22.83
Forward P/E Ratio20.45
Sales & Book Value
Annual Sales$481.82 million
Price / Sales7.37
Cash Flow$6.0169 per share
Price / Cash17.13
Book Value$12.23 per share
Price / Book8.43
EPS (Most Recent Fiscal Year)$4.52
Net Income$74.85 million
Return on Equity17.91%
Return on Assets4.99%
CoreSite (NYSE:COR) Frequently Asked Questions
What is CoreSite's stock symbol?
CoreSite trades on the New York Stock Exchange (NYSE) under the ticker symbol "COR."
How often does CoreSite pay dividends? What is the dividend yield for CoreSite?
CoreSite declared a quarterly dividend on Friday, March 9th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.98 per share on Monday, April 16th. This represents a $3.92 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Wednesday, March 28th. View CoreSite's Dividend History.
How were CoreSite's earnings last quarter?
CoreSite (NYSE:COR) released its quarterly earnings results on Thursday, April, 26th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.23 by $0.64. The real estate investment trust had revenue of $129.60 million for the quarter, compared to the consensus estimate of $129.43 million. CoreSite had a net margin of 15.46% and a return on equity of 17.91%. The firm's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 earnings per share. View CoreSite's Earnings History.
When is CoreSite's next earnings date?
What guidance has CoreSite issued on next quarter's earnings?
CoreSite updated its FY18 earnings guidance on Thursday, April, 26th. The company provided earnings per share guidance of $4.92-5.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.00.
What price target have analysts set for COR?
15 equities research analysts have issued twelve-month price targets for CoreSite's shares. Their forecasts range from $84.00 to $133.00. On average, they anticipate CoreSite's share price to reach $115.00 in the next year. View Analyst Ratings for CoreSite.
What are Wall Street analysts saying about CoreSite stock?
Here are some recent quotes from research analysts about CoreSite stock:
- 1. Credit Suisse Group 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)
- 2. 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. " (11/2/2017)
Who are some of CoreSite's key competitors?
Some companies that are related to CoreSite include Gecina (GECFF), Klépierre (KLPEF), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Annaly Capital Management (NLY), Extra Space Storage (EXR), Sino Land (SNLAY), HCP (HCP), Mid-America Apartment Communities (MAA), Duke Realty (DRE), Regency Centers (REG), United Dominion Realty Trust (UDR), Iron Mountain (IRM), Federal Realty Investment Trust (FRT) and SL Green Realty (SLG).
Who are CoreSite's key executives?
CoreSite'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, Sr. VP of Sales & Marketing (Age 53)
- Mr. Brian P. Warren, Sr. VP of Engineering & Product (Age 48)
Has CoreSite been receiving favorable news coverage?
Headlines about COR stock have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CoreSite earned a daily sentiment score of 0.20 on Accern's scale. They also gave media coverage about the real estate investment trust an impact score of 47.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are CoreSite's major shareholders?
CoreSite's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.71%), Wells Fargo & Company MN (4.87%), JPMorgan Chase & Co. (2.72%), Millennium Management LLC (1.52%), Dimensional Fund Advisors LP (1.51%) and Franklin Resources Inc. (1.42%). Company insiders that own CoreSite stock include Brian Warren, Derek Mccandless, Dominic M Tobin, Jeffrey S Finnin, Juan Font, Kenneth C Mcnaughton, Mark R Jones, Olav Langelaar, Paul E Szurek, Steven James Smith and Thomas M Ray. View Institutional Ownership Trends for CoreSite.
Which institutional investors are selling CoreSite stock?
COR stock was sold by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Wells Fargo & Company MN, Royal Bank of Canada, Comerica Bank, Federated Investors Inc. PA, Morse Asset Management Inc, Nuveen Asset Management LLC and A.R.T. Advisors LLC. Company insiders that have sold CoreSite company stock in the last year include Brian Warren, Derek Mccandless, Jeffrey S Finnin, Juan Font, Mark R Jones, Olav Langelaar, Paul E Szurek and Steven James Smith. View Insider Buying and Selling for CoreSite.
Which institutional investors are buying CoreSite stock?
COR stock was acquired by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, Ranger Global Real Estate Advisors LLC, Monarch Partners Asset Management LLC, American Assets Capital Advisers LLC, JPMorgan Chase & Co., Landscape Capital Management L.L.C., Millennium Management LLC and Prudential Financial Inc.. Company insiders that have bought CoreSite stock in the last two years include Kenneth C Mcnaughton and Paul E Szurek. View Insider Buying and Selling for CoreSite.
How do I buy shares of CoreSite?
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's stock price today?
One share of COR stock can currently be purchased for approximately $102.96.
How big of a company is CoreSite?
CoreSite has a market capitalization of $3.54 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 employs 465 workers across the globe.
How can I contact CoreSite?
CoreSite'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 (COR)MarketBeat's community ratings are surveys of what our community members think about CoreSite 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.
CoreSite (NYSE:COR) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
15 Wall Street analysts have issued ratings and price targets for CoreSite in the last 12 months. Their average twelve-month price target is $115.00, suggesting that the stock has a possible upside of 11.57%. The high price target for COR is $133.00 and the low price target for COR is $84.00. There are currently 4 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of "Buy."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.73||2.69||2.54||2.50|
|Ratings Breakdown: ||0 Sell Rating(s)|
4 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
6 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
6 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$115.00||$113.00||$112.1818||$107.10|
|Price Target Upside: ||11.57% upside||10.47% upside||15.18% upside||6.85% downside|
CoreSite (NYSE:COR) Consensus Price Target History
CoreSite (NYSE:COR) Analyst Ratings History
(Data available from 5/22/2016 forward)
CoreSite (NYSE:COR) Dividend Information
CoreSite pays an annual dividend of $3.92 per share, with a dividend yield of 3.80%. COR's most recent quarterly dividend payment was Monday, April 16. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 34.40% each year. CoreSite pays out 86.73% of its earnings out as a dividend.
|Most Recent Dividend:||4/16/2018|
|Dividend Growth:||34.40% (3 Year Average)|
|Payout Ratio(s):||86.73% (Trailing 12 Months of Earnings) |
77.78% (Based on This Year's Estimates)
70.38% (Based on Next Year's Estimates)
65.15% (Based on Cash Flow)
|Track Record:||7 Years of Consecutive Dividend Growth|
CoreSite (NYSE:COR) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
CoreSite (NYSE COR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 97.53%
CoreSite (NYSE COR) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|5/11/2018||Mark R Jones||CAO||Sell||600||$107.60||$64,560.00||16,821|| |
|5/7/2018||Brian Warren||SVP||Sell||1,000||$104.52||$104,520.00||37,623|| |
|5/3/2018||Juan Font||SVP||Sell||1,250||$103.98||$129,975.00||19,777|| |
|5/1/2018||Jeffrey S Finnin||CFO||Sell||8,000||$104.65||$837,200.00||81,137|| |
|3/22/2018||Juan Font||SVP||Sell||48||$103.30||$4,958.40||18,527|| |
|3/13/2018||Steven James Smith||SVP||Sell||492||$102.42||$50,390.64||36,101|| |
|3/12/2018||Paul E Szurek||CEO||Sell||2,610||$101.91||$265,985.10||89,560|| |
|3/9/2018||Derek Mccandless||SVP||Sell||3,827||$97.58||$373,438.66||32,524|| |
|3/9/2018||Jeffrey S Finnin||CFO||Sell||5,848||$97.50||$570,180.00||78,149|| |
|3/9/2018||Kenneth C Mcnaughton||Insider||Buy||25,000||$0.37||$9,250.00|
|3/5/2018||Derek Mccandless||SVP||Sell||1,635||$91.84||$150,158.40||34,113|| |
|3/5/2018||Jeffrey S Finnin||CFO||Sell||10,396||$93.30||$969,946.80||84,827|| |
|3/2/2018||Brian Warren||SVP||Sell||1,242||$91.62||$113,792.04||38,169|| |
|3/1/2018||Jeffrey S Finnin||CFO||Sell||8,000||$93.31||$746,480.00||84,827|| |
|2/20/2018||Kenneth C Mcnaughton||Insider||Buy||30,000||$0.29||$8,700.00|
|2/14/2018||Kenneth C Mcnaughton||Insider||Buy||43,000||$0.31||$13,330.00|
|1/31/2018||Steven James Smith||SVP||Sell||3,151||$106.52||$335,644.52||42,915|| |
|1/29/2018||Steven James Smith||SVP||Sell||2,261||$106.72||$241,293.92||42,915|| |
|1/16/2018||Kenneth C Mcnaughton||Insider||Buy||50,000||$0.35||$17,500.00|
|1/12/2018||Kenneth C Mcnaughton||Insider||Buy||50,000||$0.32||$16,000.00|
|1/2/2018||Steven James Smith||SVP||Sell||7,121||$112.73||$802,750.33||48,137|| |
|11/23/2017||Kenneth C Mcnaughton||Insider||Buy||50,000||$0.43||$21,500.00|
|11/1/2017||Derek Mccandless||SVP||Sell||5,000||$109.37||$546,850.00||36,613|| |
|11/1/2017||Jeffrey S Finnin||CFO||Sell||8,000||$109.39||$875,120.00||98,562|| |
|9/13/2017||Paul E Szurek||CEO||Sell||3,805||$117.48||$447,011.40||93,405|| |
|8/1/2017||Derek Mccandless||SVP||Sell||10,000||$110.74||$1,107,400.00||48,913|| |
|8/1/2017||Jeffrey S Finnin||CFO||Sell||8,000||$110.74||$885,920.00||110,493|| |
|6/1/2017||Derek Mccandless||SVP||Sell||10,000||$105.48||$1,054,800.00||49,713|| |
|5/2/2017||Jeffrey S Finnin||CFO||Sell||8,000||$98.75||$790,000.00||113,268|| |
|5/1/2017||Steven James Smith||SVP||Sell||1,152||$100.00||$115,200.00||53,888|| |
|4/27/2017||Steven James Smith||SVP||Sell||2,000||$95.00||$190,000.00||55,040|| |
|3/22/2017||Jeffrey S Finnin||CFO||Sell||14,900||$88.27||$1,315,223.00||133,993|| |
|3/15/2017||Derek Mccandless||SVP||Sell||22,898||$88.17||$2,018,916.66||65,177|| |
|3/6/2017||Derek Mccandless||SVP||Sell||2,353||$88.89||$209,158.17||62,264|| |
|3/6/2017||Jeffrey S Finnin||CFO||Sell||3,451||$88.87||$306,690.37||107,343|| |
|3/3/2017||Steven James Smith||SVP||Sell||699||$89.34||$62,448.66||48,274|| |
|3/2/2017||Derek Mccandless||SVP||Sell||2,867||$90.22||$258,660.74||63,899|| |
|3/2/2017||Jeffrey S Finnin||CFO||Sell||23,925||$89.77||$2,147,747.25||99,444|| |
|12/5/2016||Paul E Szurek||CEO||Buy||7,000||$68.92||$482,440.00||59,561|| |
|8/16/2016||Dominic M Tobin||SVP||Sell||10,000||$81.65||$816,500.00||41,385|| |
|8/16/2016||Paul E Szurek||Director||Buy||1,000||$81.20||$81,200.00||6,000|| |
|8/16/2016||Thomas M Ray||Insider||Sell||21,179||$81.57||$1,727,571.03||391,186|| |
|8/1/2016||Derek Mccandless||SVP||Sell||10,000||$82.37||$823,700.00||76,066|| |
|8/1/2016||Jeffrey S Finnin||CFO||Sell||8,000||$82.61||$660,880.00||117,644|| |
|5/16/2016||Peter D Staple||CEO||Buy||12,500||$3.60||$45,000.00||43,000|| |
|5/2/2016||Derek Mccandless||SVP||Sell||10,000||$75.47||$754,700.00||86,066|| |
|5/2/2016||Jeffrey S Finnin||CFO||Sell||4,000||$75.52||$302,080.00||124,944|| |
|4/7/2016||Derek Mccandless||SVP||Sell||635||$70.78||$44,945.30||96,066|| |
|4/7/2016||Thomas M Ray||CEO||Sell||4,185||$70.75||$296,088.75||412,365|| |
|4/5/2016||Jeffrey S Finnin||CFO||Sell||1,595||$70.24||$112,032.80||128,844|| |
|3/14/2016||Jeffrey S Finnin||CFO||Sell||4,000||$67.00||$268,000.00||130,439|| |
|3/8/2016||Derek Mccandless||SVP||Sell||1,010||$64.91||$65,559.10||96,701|| |
|3/8/2016||Thomas M Ray||CEO||Sell||6,460||$64.77||$418,414.20||416,550|| |
|3/7/2016||Derek Mccandless||SVP||Sell||658||$65.22||$42,914.76||97,711|| |
|3/7/2016||Thomas M Ray||CEO||Sell||3,080||$64.96||$200,076.80||423,010|| |
|3/3/2016||Jeffrey S Finnin||CFO||Sell||1,371||$63.82||$87,497.22||131,368|| |
|2/29/2016||Jeffrey S Finnin||CFO||Sell||1,400||$66.47||$93,058.00||125,778|| |
|2/11/2016||Kenneth C Mcnaughton||Insider||Buy||30,000||$0.0950||$2,850.00|
|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||127,178|| |
|11/2/2015||Thomas M. Ray||CEO||Sell||11,819||$56.77||$670,964.63||383,989|| |
|10/26/2015||Brian Warren||SVP||Sell||360||$56.25||$20,250.00||25,977|| |
|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||98,735|| |
|3/11/2014||Jeffrey Finnin||CFO||Sell||1,773||$31.14||$55,211.22||96,259|| |
|1/24/2014||Jeffrey Finnin||CFO||Sell||8,873||$32.43||$287,751.39||79,122|| |
|12/13/2013||Thomas Ray||CEO||Buy||5,000||$28.76||$143,800.00||191,275|| |
|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|| |
CoreSite (NYSE COR) News Headlines
CoreSite (NYSE:COR) SEC Filings
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CoreSite (NYSE:COR) Income Statement, Balance Sheet and Cash Flow Statement
CoreSite (NYSE COR) Stock Chart for Tuesday, May, 22, 2018