CoreSite Realty (COR) Receiving Somewhat Positive Media Coverage, Study Shows

News headlines about CoreSite Realty (NYSE:COR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CoreSite Realty earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 47.1282213955632 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s analysis:

CoreSite Realty (COR) traded up $0.47 on Monday, reaching $115.93. 305,602 shares of the company’s stock traded hands, compared to its average volume of 424,714. CoreSite Realty has a 12-month low of $74.82 and a 12-month high of $120.85. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $5,540.00, a P/E ratio of 26.30, a P/E/G ratio of 1.52 and a beta of 0.44.

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 consensus estimate of $1.10 by ($0.64). CoreSite Realty had a net margin of 15.21% and a return on equity of 15.35%. The company had revenue of $123.07 million during the quarter, compared to the consensus estimate of $121.27 million. During the same period last year, the firm posted $0.90 earnings per share. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. analysts forecast that CoreSite Realty will post 4.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.98 dividend. This is an increase from CoreSite Realty’s previous quarterly dividend of $0.90. This represents a $3.92 annualized dividend and a yield of 3.38%. The ex-dividend date is Thursday, December 28th. CoreSite Realty’s payout ratio is 195.65%.

Several equities analysts recently issued reports on the stock. ValuEngine upgraded shares of CoreSite Realty from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. KeyCorp restated a “hold” rating on shares of CoreSite Realty in a report on Thursday, October 12th. BidaskClub upgraded shares of CoreSite Realty from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. Zacks Investment Research upgraded shares of CoreSite Realty from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a report on Wednesday, September 27th. Finally, SunTrust Banks restated a “buy” rating and issued a $121.00 target price on shares of CoreSite Realty in a report on Friday, November 17th. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $109.55.

In other news, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $109.39, for a total transaction of $875,120.00. Following the completion of the sale, the chief financial officer now directly owns 98,562 shares of the company’s stock, valued at $10,781,697.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Paul E. Szurek sold 3,805 shares of the business’s 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 sale, the chief executive officer now directly owns 93,405 shares of the company’s stock, valued at $10,973,219.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,805 shares of company stock valued at $1,868,981. Insiders own 1.50% of the company’s stock.

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CoreSite Realty Company Profile

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 (NYSE:COR)

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