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:
- Industry: Retail REITs
- Sub-Industry: Office REITs
- Sector: Financials
- Symbol: NYSE:COR
- CUSIP: 21870Q10
- Web: www.coresite.com
- Debt-to-Equity Ratio: 1.80%
- Current Ratio: 0.29%
- Quick Ratio: 0.29%
Sales & Book Value:
- Trailing P/E Ratio: 26.19
- Forward P/E Ratio: 25.66
- P/E Growth: 1.51
- Annual Sales: $400.35 million
- Price / Sales: 9.83
- Cash Flow: $4.96 per share
- Price / Cash: 23.17
- Book Value: $14.22 per share
- Price / Book: 8.09
- Annual Dividend: $3.60
- Dividend Yield: 3.1%
- Trailing EPS: $1.84
- Net Income: $58.7 million
- Net Margins: 15.21%
- Return on Equity: 15.35%
- Return on Assets: 4.82%
- Employees: 422
- Outstanding Shares: 34,240,000
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. Stockholders of record on Friday, September 29th will be given 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 3.13%. The ex-dividend date of this dividend 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) released its earnings results on Thursday, October, 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $1.10 by $0.64. The real estate investment trust had revenue of $123.07 million for the quarter, compared to the consensus estimate of $121.27 million. CoreSite Realty Corporation had a return on equity of 15.35% and a net margin of 15.21%. The company's revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 earnings per share. 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, October, 26th. The company provided earnings per share (EPS) guidance of $4.39-4.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.46.
Where is CoreSite Realty Corporation's stock going? Where will CoreSite Realty Corporation's stock price be in 2017?
12 equities research analysts have issued 12-month price objectives for CoreSite Realty Corporation's stock. Their forecasts range from $84.00 to $121.00. On average, they anticipate CoreSite Realty Corporation's stock price to reach $107.10 in the next year. 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 Macerich Company (The) (MAC), Kimco Realty Corporation (KIM), National Retail Properties (NNN), Brixmor Property Group (BRX), Weingarten Realty Investors (WRI), Taubman Centers (TCO), DDR Corp. (DDR), Retail Properties of America (RPAI), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Retail Opportunity Investments Corp. (ROIC), Kite Realty Group Trust (KRG), Four Corners Property Trust (FCPT), Agree Realty Corporation (ADC), Saul Centers (BFS), Washington Prime Group (WPG) 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 (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 Corporation stock?
CoreSite Realty Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Wells Fargo & Company MN (4.97%), JPMorgan Chase & Co. (2.15%), Principal Financial Group Inc. (1.47%), Dimensional Fund Advisors LP (1.46%), Neuberger Berman Group LLC (0.93%) and Fisher Asset Management LLC (0.84%). Company insiders that own CoreSite Realty Corporation 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 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 Public Employees Retirement Association of Colorado, JPMorgan Chase & Co., TCW Group Inc., Ameriprise Financial Inc., Palisade Capital Management LLC NJ, Friedberg Investment Management, Macquarie Group Ltd. and Systematic Financial Management LP. Company insiders that have sold CoreSite Realty Corporation 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 Corporation.
Who bought CoreSite Realty Corporation stock? Who is buying CoreSite Realty Corporation stock?
CoreSite Realty Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Payden & Rygel, Land & Buildings Investment Management LLC, Nationwide Fund Advisors, Canada Pension Plan Investment Board, Janus Henderson Group PLC, Ranger Global Real Estate Advisors LLC and First Trust Advisors LP. Company insiders that have bought CoreSite Realty Corporation 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 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 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 Corporation's stock price today?
One share of CoreSite Realty Corporation stock can currently be purchased for approximately $114.97.
How big of a company is CoreSite Realty Corporation?
CoreSite Realty Corporation has a market capitalization of $5.53 billion and generates $400.35 million in revenue each year. The real estate investment trust earns $58.7 million in net income (profit) each year or $1.84 on an earnings per share basis. CoreSite Realty Corporation employs 422 workers across the globe.
How can I contact CoreSite Realty Corporation?
CoreSite Realty Corporation's mailing address is 1001 17th St Ste 500, DENVER, CO 80202-2461, United States. The real estate investment trust can be reached via phone at +1-866-7772673 or via email at [email protected]
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.
Analysts' Consensus Rating for CoreSite Realty Corporation (NYSE:COR) (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.
|Ratings Breakdown: ||0 Sell Ratings, 6 Hold Ratings, 6 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$107.10 (6.85% downside)|
Consensus Price Target History for CoreSite Realty Corporation (NYSE:COR)
Analysts' Ratings History for CoreSite Realty Corporation (NYSE:COR)
(Data available from 11/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/17/2017||SunTrust Banks, Inc.||Reiterated Rating||Buy||$121.00||N/A|
|10/27/2017||Credit Suisse Group||Set Price Target||Hold||$105.00 -> $111.00||N/A|
|10/27/2017||Citigroup Inc.||Boost Price Target||Buy||$109.00 -> $115.00||N/A|
|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|
|5/17/2017||Wells Fargo & Company||Initiated Coverage||Market Perform -> Market Perform||$94.00||Low|
|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|
|6/7/2016||Canaccord Genuity||Initiated Coverage||Buy||$92.00||N/A|
|4/29/2016||Stephens||Downgrade||Overweight -> Equal Weight||N/A|
Earnings History and Estimates Chart 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|
|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|
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:||195.65% (Trailing 12 Months of Earnings) |
80.36% (Based on This Year's Estimates)
71.43% (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%
Institutional Ownership Percentage: 95.27%
Insider Trades by Quarter for CoreSite Realty Corporation (NYSE COR)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/1/2017||Derek Mccandless||SVP||Sell||5,000||$109.37||$546,850.00|| |
|11/1/2017||Jeffrey S Finnin||CFO||Sell||8,000||$109.39||$875,120.00|| |
|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|| |
|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|| |
|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|| |
Latest Headlines for CoreSite Realty Corporation (NYSE COR)
CoreSite Realty Corporation (NYSE COR) Chart for Monday, November, 20, 2017