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
Stock Exchange NYSE
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 Ratio24.19
Forward P/E Ratio22.53
P/E Growth1.33
Sales & Book Value
Annual Sales$481.82 million
Price / Sales8.10
Cash Flow$6.0378 per share
Price / Cash18.77
Book Value$12.23 per share
Price / Book9.27
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
Market Cap$3,875.75
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. Shareholders of record on Friday, June 29th will be given a dividend of $1.03 per share on Monday, July 16th. This represents a $4.12 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Thursday, June 28th. This is an increase 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) issued its quarterly earnings data on Thursday, April, 26th. The real estate investment trust reported $0.59 earnings per share (EPS) 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 analysts' expectations of $129.43 million. CoreSite Realty had a return on equity of 17.91% and a net margin of 15.46%. CoreSite Realty's quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 EPS. 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 updated its FY18 earnings guidance on Thursday, April, 26th. The company provided EPS 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?
16 analysts have issued 1-year target prices for CoreSite Realty's shares. Their predictions range from $105.00 to $133.00. On average, they expect CoreSite Realty's stock price to reach $117.6923 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price. View Analyst Ratings for CoreSite Realty.
What is the consensus analysts' recommendation for CoreSite Realty?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoreSite Realty in the last year. There are currently 5 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
What are Wall Street analysts saying about CoreSite Realty stock?
Here are some recent quotes from research analysts about CoreSite Realty stock:
- 1. 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. " (7/2/2018)
- 2. 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)
Who are some of CoreSite Realty's key competitors?
Some companies that are related to CoreSite Realty include Essex Property Trust (ESS), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Gecina (GECFF), ANNALY Cap Mgmt/SH (NLY), HCP (HCP), Extra Space Storage (EXR), Klépierre (KLPEF), 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?
Press coverage about COR stock has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. 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 news sentiment score of 0.15 on Accern's scale. They also assigned media stories about the real estate investment trust an impact score of 46.26 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are CoreSite Realty's major shareholders?
CoreSite Realty's stock is owned by a number of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (0.82%), Copper Rock Capital Partners LLC (0.20%), Bank of Montreal Can (0.09%), State of Alaska Department of Revenue (0.06%), Boston Advisors LLC (0.04%) and Nisa Investment Advisors LLC (0.03%). 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 major investors are selling CoreSite Realty stock?
COR stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Municipal Employees Retirement System of Michigan, Fisher Asset Management LLC and Copper Rock Capital Partners 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 major investors are buying CoreSite Realty stock?
COR stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Nisa Investment Advisors LLC, American National Bank, Oakbrook Investments LLC, Boston Advisors LLC and Amalgamated Bank. 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 $113.33.
How big of a company is CoreSite Realty?
CoreSite Realty has a market capitalization of $3.88 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 (NYSE 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.
