About CoreSite Realty (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 Retail REITs
Trailing P/E Ratio52.3152173913044
Forward P/E Ratio19.25
Sales & Book Value
Annual Sales$481.82 million
Price / Sales6.84
Cash Flow$5.99 per share
Price / Cash16.06
Book Value$12.23 per share
Price / Book7.87
Net Income$74.85 million
Return on Equity16.77%
Return on Assets5.01%
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 announced a quarterly dividend on Friday, December 8th. Stockholders of record on Friday, December 29th will be given a dividend of $0.98 per share on Tuesday, January 16th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from CoreSite Realty's previous quarterly dividend of $0.90. View CoreSite Realty's Dividend History.
How were CoreSite Realty's earnings last quarter?
CoreSite Realty Corp (NYSE:COR) issued its quarterly earnings results on Thursday, February, 8th. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.14 by $0.04. The real estate investment trust had revenue of $125.95 million for the quarter, compared to analysts' expectations of $125.71 million. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. CoreSite Realty's quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 EPS. View CoreSite Realty's Earnings History.
When will CoreSite Realty make its next earnings announcement?
What guidance has CoreSite Realty issued on next quarter's earnings?
CoreSite Realty issued an update on its FY18 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of $4.92-5.04 for the period, compared to the Thomson Reuters consensus estimate of $5.00.
Where is CoreSite Realty's stock going? Where will CoreSite Realty's stock price be in 2018?
13 Wall Street analysts have issued 12 month target prices for CoreSite Realty's stock. Their forecasts range from $84.00 to $133.00. On average, they expect CoreSite Realty's stock price to reach $112.18 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 Kimco Realty (KIM), National Retail Properties (NNN), Brixmor Property Group (BRX), Taubman Centers (TCO), Weingarten Realty Investors (WRI), DDR (DDR), Retail Properties of America (RPAI), Urban Edge Properties (UE), Tanger Factory Outlet Centers (SKT), Acadia Realty Trust (AKR), Retail Opportunity Investments (ROIC), Four Corners Property Trust (FCPT), Agree Realty (ADC), Kite Realty Group Trust (KRG), Washington Prime Group (WPG), Saul Centers (BFS), Rouse Properties (RSE) and Getty Realty (GTY).
Who are CoreSite Realty's key executives?
CoreSite Realty'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 J. 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)
- David A. Wilson, Lead Independent Director (Age 75)
- Kelly C. Chambliss, Director (Age 46)
- James A. Attwood Jr., Independent Director (Age 59)
Who owns CoreSite Realty stock?
CoreSite Realty's stock is owned by a number of of retail and institutional investors. Top institutional shareholders 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 Realty stock include 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 Realty.
Who sold CoreSite Realty stock? Who is selling CoreSite Realty stock?
CoreSite Realty's 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 Realty company stock in the last year include Derek Mccandless, Jeffrey S Finnin, Olav Langelaar, Paul E Szurek and Steven James Smith. View Insider Buying and Selling for CoreSite Realty.
Who bought CoreSite Realty stock? Who is buying CoreSite Realty stock?
CoreSite Realty's stock was bought 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 Realty stock in the last two years include Kenneth C Mcnaughton, Paul E Szurek and Peter D Staple. View Insider Buying and Selling for CoreSite Realty.
How do I buy CoreSite Realty stock?
Shares of CoreSite Realty 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 CoreSite Realty stock can currently be purchased for approximately $96.26.
How big of a company is CoreSite Realty?
CoreSite Realty has a market capitalization of $3.30 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 Realty employs 422 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 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 Realty (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: ||2.54||2.54||2.50||2.36|
|Ratings Breakdown: ||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)
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)|
7 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$112.18||$109.73||$107.10||$95.11|
|Price Target Upside: ||15.18% upside||2.26% upside||6.85% downside||10.37% downside|
CoreSite Realty (NYSE:COR) Consensus Price Target History
CoreSite Realty (NYSE:COR) Analyst Ratings History
(Data available from 2/18/2016 forward)
CoreSite Realty (NYSE:COR) Earnings History and Estimates Chart
CoreSite Realty (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 Realty (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 Realty (NYSE:COR) Dividend Information
|Most Recent Dividend:||1/16/2018|
|Dividend Growth:||34.40% (3 Year Average)|
|Payout Ratio:||213.04% (Trailing 12 Months of Earnings) |
78.40% (Based on This Year's Estimates)
70.76% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
CoreSite Realty (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 Realty (NYSE COR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 97.35%
CoreSite Realty (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|
|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 Realty (NYSE COR) News Headlines
CoreSite Realty (NYSE:COR) SEC Filings
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CoreSite Realty (NYSE:COR) Income Statement, Balance Sheet and Cash Flow Statement
CoreSite Realty (NYSE COR) Stock Chart for Sunday, February, 18, 2018