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
Sub-IndustryOffice REITs
SectorFinance
SymbolNYSE:COR
CUSIP21870Q10
Phone866-777-2673
Debt
Debt-to-Equity Ratio2.45
Current Ratio0.25
Quick Ratio0.25
Price-To-Earnings
Trailing P/E Ratio24.14
Forward P/E Ratio21.65
P/E Growth1.3
Sales & Book Value
Annual Sales$481.82 million
Price / Sales7.80
Cash Flow$5.9176 per share
Price / Cash18.44
Book Value$12.23 per share
Price / Book8.92
Profitability
EPS (Most Recent Fiscal Year)$4.52
Net Income$74.85 million
Net Margins15.46%
Return on Equity17.91%
Return on Assets4.99%
Miscellaneous
Employees465
Outstanding Shares34,450,000
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. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, June 28th. This is a positive change 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) announced its quarterly earnings results on Thursday, April, 26th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates 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 Realty had a return on equity of 17.91% and a net margin of 15.46%. The firm's revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. 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 issued an update on 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 EPS estimate of $5.00.
What price target have analysts set for COR?
15 equities research analysts have issued 1-year target prices for CoreSite Realty's stock. Their forecasts range from $84.00 to $133.00. On average, they anticipate CoreSite Realty's stock price to reach $115.00 in the next year. 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. 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 Realty's key competitors?
Some companies that are related to CoreSite Realty include Realty Income (O), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Extra Space Storage (EXR), Gecina (GECFF), ANNALY Cap Mgmt/SH (NLY), Klépierre (KLPEF), HCP (HCP), Mid-America Apartment Communities (MAA), SINO Ld Ltd/S (SNLAY), Regency Centers (REG), Duke Realty (DRE), Iron Mountain (IRM), UDR (UDR) 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, Sr. VP of Sales & Marketing (Age 53)
- Mr. Brian P. Warren, Sr. VP of Engineering & Product (Age 48)
Has CoreSite Realty been receiving favorable news coverage?
Media stories about COR stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CoreSite Realty earned a media sentiment score of 0.07 on Accern's scale. They also gave media coverage about the real estate investment trust an impact score of 46.91 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are CoreSite Realty's major shareholders?
CoreSite Realty's stock is owned by many different of institutional and retail 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 Realty 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 Realty.
Which institutional investors are selling CoreSite Realty 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, Brasada Capital Management LP, Federated Investors Inc. PA, Morse Asset Management Inc and Nuveen Asset Management LLC. 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 and Steven James Smith. View Insider Buying and Selling for CoreSite Realty.
Which institutional investors are buying CoreSite Realty stock?
COR stock was acquired by a variety of institutional investors in the last quarter, including Heitman Real Estate Securities LLC, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Ranger Global Real Estate Advisors LLC, Monarch Partners Asset Management LLC, American Assets Capital Advisers LLC, JPMorgan Chase & Co. and Landscape Capital Management L.L.C.. 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 $109.12.
How big of a company is CoreSite Realty?
CoreSite Realty has a market capitalization of $3.81 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 (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.
