About CoreSite (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
Industry REAL ESTATE
Trailing P/E Ratio56.0652173913043
Forward P/E Ratio20.63
Sales & Book Value
Annual Sales$481.82 million
Price / Sales7.33
Cash Flow$5.88 per share
Price / Cash17.54
Book Value$12.23 per share
Price / Book8.43
Net Income$74.85 million
Return on Equity16.77%
Return on Assets5.01%
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 announced 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 3.80%. 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 data on Thursday, February, 8th. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.14 by $0.04. The real estate investment trust had revenue of $125.95 million for the quarter, compared to the consensus estimate of $125.71 million. CoreSite had a net margin of 15.54% and a return on equity of 16.77%. The firm's revenue was up 14.0% on a year-over-year basis. During the same period last year, the company posted $1.06 EPS. View CoreSite's Earnings History.
When will CoreSite make its next earnings announcement?
What guidance has CoreSite issued on next quarter's earnings?
CoreSite updated its FY18 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of $4.92-5.04 for the period, compared to the Thomson Reuters consensus estimate of $5.00.
Where is CoreSite's stock going? Where will CoreSite's stock price be in 2018?
14 Wall Street analysts have issued 12-month target prices for CoreSite's shares. Their predictions range from $84.00 to $133.00. On average, they expect CoreSite's stock price to reach $112.00 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 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)
- 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 Sun Communities (SUI), VICI Properties (VICI), Kilroy Realty (KRC), Invitation Homes (INVH), Vereit (VER), W.P. Carey Inc. REIT (WPC), Lamar Advertising (LAMR), Apartment Investment and Management (AIV), Douglas Emmett (DEI), Hammerson (HMSNF), Kimco Realty (KIM), Howard Hughes (HHC), National Retail Properties (NNN), Liberty Property Trust (LPT), Park Hotels & Resorts (PK), New Residential Investment (NRZ), American Homes 4 Rent (AMH) and Starwood Property Trust (STWD).
Who are CoreSite's key executives?
CoreSite's management team includes the folowing people:
- Robert G. Stuckey, Independent Chairman of the Board (Age 55)
- Paul E. Szurek, President, Chief Executive Officer, Director (Age 56)
- Jeffrey S. Finnin CPA, Chief Financial Officer (Age 53)
- Derek S. McCandless, Senior Vice President - Legal, General Counsel, Secretary (Age 46)
- Steven James Smith, Senior Vice President - Sales and Marketing (Age 52)
- Dominic M. Tobin, Senior Vice President - Field Operations and Network Engineering (Age 63)
- Brian P. Warren, Senior Vice President - Engineering and Product (Age 47)
- Mark R. Jones, Chief Accounting Officer, Principal Accounting Officer (Age 42)
- David A. Wilson, Lead Independent Director (Age 75)
- Kelly C. Chambliss, Director (Age 46)
Has CoreSite been receiving favorable news coverage?
Headlines about COR stock have trended somewhat positive on Thursday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. 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 media sentiment score of 0.11 on Accern's scale. They also gave press coverage about the real estate investment trust an impact score of 47.10 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are CoreSite's major shareholders?
CoreSite's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.82%), Wells Fargo & Company MN (5.16%), Deutsche Bank AG (3.89%), Renaissance Technologies LLC (2.15%), Millennium Management LLC (1.43%) and Franklin Resources Inc. (1.36%). Company insiders that own CoreSite stock include Brian Warren, Derek Mccandless, Dominic M Tobin, Jeffrey S Finnin, Kenneth C Mcnaughton, Olav Langelaar, Paul E Szurek, Peter D Staple, Steven James Smith and Thomas M Ray. View Institutional Ownership Trends for CoreSite.
Which major investors are selling CoreSite stock?
COR stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Millennium Management LLC, Kennedy Capital Management Inc., Green Street Investors LLC, Ranger Global Real Estate Advisors LLC, Teacher Retirement System of Texas, Bank of Montreal Can and Sumitomo Mitsui Asset Management Company LTD. Company insiders that have sold CoreSite company stock in the last year include Brian Warren, Derek Mccandless, Jeffrey S Finnin, Olav Langelaar, Paul E Szurek and Steven James Smith. View Insider Buying and Selling for CoreSite.
Which major investors are buying CoreSite stock?
COR stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Wells Fargo & Company MN, Guggenheim Capital LLC, Teachers Retirement System of The State of Kentucky, Arrowstreet Capital Limited Partnership, Goldman Sachs Group Inc., GW&K Investment Management LLC and American Assets Capital Advisers LLC. Company insiders that have bought CoreSite stock in the last two years include Kenneth C Mcnaughton, Paul E Szurek and Peter D Staple. 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 $103.16.
How big of a company is CoreSite?
CoreSite has a market capitalization of $3.60 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 $1.84 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 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.
CoreSite (NYSE:COR) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). 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 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Hold|
|Consensus Rating Score: ||2.64||2.54||2.50||2.33|
|Ratings Breakdown: ||0 Sell Rating(s)|
5 Hold Rating(s)
9 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)
|0 Sell Rating(s)|
8 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$112.00||$112.18||$108.30||$95.11|
|Price Target Upside: ||8.57% upside||15.18% upside||3.40% downside||13.81% downside|
CoreSite (NYSE:COR) Consensus Price Target History
CoreSite (NYSE:COR) Analyst Ratings History
(Data available from 3/22/2016 forward)
CoreSite (NYSE:COR) Earnings History and Estimates Chart
CoreSite (NYSE COR) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/8/2018||Q4 2017||$1.14||$1.18||$125.71 million||$125.95 million||View||Listen|
|10/26/2017||Q3 2017||$1.10||$0.46||$121.27 million||$123.07 million||View||N/A|
|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|
CoreSite (NYSE:COR) Earnings Estimates
2018 EPS Consensus Estimate: $5.02
2019 EPS Consensus Estimate: $5.58
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
CoreSite (NYSE:COR) Dividend Information
|Dividend Growth:||34.40% (3 Year Average)|
|Payout Ratio:||213.04% (Trailing 12 Months of Earnings) |
78.40% (Based on This Year's Estimates)
70.50% (Based on Next Year's Estimates)
|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: 99.37%
CoreSite (NYSE COR) Insider Trades by Quarter
(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|
|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||$0.10||$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 Thursday, March, 22, 2018