Analysts expect CoreSite Realty Corp (NYSE:COR) to report earnings of $1.14 per share for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for CoreSite Realty’s earnings, with the highest EPS estimate coming in at $1.19 and the lowest estimate coming in at $1.10. CoreSite Realty posted earnings per share of $1.06 in the same quarter last year, which indicates a positive year over year growth rate of 7.5%. The company is scheduled to issue its next earnings report before the market opens on Thursday, February 8th.

According to Zacks, analysts expect that CoreSite Realty will report full-year earnings of $4.48 per share for the current fiscal year, with EPS estimates ranging from $4.44 to $4.52. For the next fiscal year, analysts anticipate that the business will report earnings of $5.02 per share, with EPS estimates ranging from $4.92 to $5.11. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow CoreSite Realty.

CoreSite Realty (NYSE:COR) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.64). CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. The firm had revenue of $123.07 million during the quarter, compared to the consensus estimate of $121.27 million. During the same quarter in the previous year, the company earned $0.90 earnings per share. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year.

Several equities analysts have recently commented on COR shares. Zacks Investment Research downgraded shares of CoreSite Realty from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. SunTrust Banks reissued a “buy” rating and issued a $121.00 target price on shares of CoreSite Realty in a report on Friday, November 17th. Cowen reissued a “buy” rating and issued a $111.00 target price on shares of CoreSite Realty in a report on Thursday, October 19th. KeyCorp reissued a “hold” rating on shares of CoreSite Realty in a report on Thursday, October 12th. Finally, JPMorgan Chase & Co. started coverage on shares of CoreSite Realty in a report on Monday, September 25th. They issued a “neutral” rating and a $118.00 target price on the stock. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $110.75.

In related news, SVP Derek Mccandless sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $109.37, for a total transaction of $546,850.00. Following the sale, the senior vice president now owns 36,613 shares of the company’s stock, valued at $4,004,363.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Steven James Smith sold 7,121 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $112.73, for a total transaction of $802,750.33. Following the sale, the senior vice president now directly owns 48,137 shares in the company, valued at approximately $5,426,484.01. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 150,000 shares of company stock worth $55,000 and have sold 20,121 shares worth $2,224,720. 1.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in COR. Zions Bancorporation purchased a new stake in CoreSite Realty during the third quarter valued at $170,000. Schroder Investment Management Group purchased a new stake in CoreSite Realty during the second quarter valued at $188,000. Park Avenue Securities LLC purchased a new stake in CoreSite Realty during the third quarter valued at $207,000. Jaffetilchin Investment Partners LLC purchased a new stake in CoreSite Realty during the fourth quarter valued at $208,000. Finally, FDx Advisors Inc. bought a new position in CoreSite Realty during the third quarter valued at $209,000. 98.02% of the stock is currently owned by institutional investors.

CoreSite Realty (COR) traded down $0.06 during mid-day trading on Friday, hitting $107.53. 271,146 shares of the stock traded hands, compared to its average volume of 277,386. CoreSite Realty has a 1 year low of $83.82 and a 1 year high of $120.85. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $3,682.04, a P/E ratio of 58.44, a PEG ratio of 1.26 and a beta of 0.44.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a dividend of $0.98 per share. This is an increase from CoreSite Realty’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.92 dividend on an annualized basis and a yield of 3.65%. CoreSite Realty’s dividend payout ratio is presently 213.04%.

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About CoreSite Realty

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.

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Earnings History and Estimates for CoreSite Realty (NYSE:COR)

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