CoreSite Realty Corporation (COR) Given News Sentiment Score of 0.27

Media headlines about CoreSite Realty Corporation (NYSE:COR) have been trending positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CoreSite Realty Corporation earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.4411444273855 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Several analysts have commented on COR shares. BidaskClub lowered shares of CoreSite Realty Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Credit Suisse Group started coverage on shares of CoreSite Realty Corporation in a research report on Friday, June 30th. They issued a “neutral” rating and a $103.00 price objective on the stock. Macquarie reaffirmed a “hold” rating and issued a $84.00 price objective on shares of CoreSite Realty Corporation in a research report on Tuesday, July 4th. Zacks Investment Research lowered shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $117.00 price objective on shares of CoreSite Realty Corporation in a research report on Friday, July 14th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $105.20.

CoreSite Realty Corporation (COR) opened at 113.69 on Friday. The stock has a 50 day moving average of $112.89 and a 200 day moving average of $106.04. The stock has a market cap of $3.89 billion, a P/E ratio of 65.41 and a beta of 0.56. CoreSite Realty Corporation has a 1-year low of $64.81 and a 1-year high of $120.85.

CoreSite Realty Corporation (NYSE:COR) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.02. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The business had revenue of $117.89 million for the quarter, compared to analyst estimates of $117.32 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The company’s revenue was up 22.7% on a year-over-year basis. Equities analysts anticipate that CoreSite Realty Corporation will post $1.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.17%. CoreSite Realty Corporation’s payout ratio is 206.90%.

In related news, CEO Paul E. Szurek sold 3,805 shares of CoreSite Realty Corporation stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total transaction of $447,011.40. Following the completion of the sale, the chief executive officer now owns 93,405 shares of the company’s stock, valued at $10,973,219.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $1,107,400.00. Following the sale, the senior vice president now directly owns 48,913 shares of the company’s stock, valued at approximately $5,416,625.62. The disclosure for this sale can be found here. Insiders have sold 21,805 shares of company stock valued at $2,440,331 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

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About CoreSite Realty Corporation

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.

Insider Buying and Selling by Quarter for CoreSite Realty Corporation (NYSE:COR)

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