News headlines about CoreSite Realty (NYSE:COR) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CoreSite Realty earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.9845579543253 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- CoreSite Realty (COR) Given Buy Rating at SunTrust Banks (americanbankingnews.com)
- CoreSite Realty Corporation Increases Fourth-Quarter 2017 Common Stock Dividend 9% to $0.98 Per Share – Business Wire (press release) (businesswire.com)
- BRIEF-Coresite Realty Increases Q4 2017 Dividend To $0.98/Shr (COR) (markets.businessinsider.com)
- CoreSite Realty Corporation: CoreSite Realty Corporation Increases Fourth-Quarter 2017 Common Stock Dividend 9% to $0.98 Per Share (twst.com)
CoreSite Realty (NYSE:COR) traded up $2.97 during trading hours on Thursday, reaching $115.08. The company had a trading volume of 464,697 shares, compared to its average volume of 425,768. The company has a market cap of $3,812.79, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 1.46 and a beta of 0.44. CoreSite Realty has a one year low of $73.05 and a one year high of $120.85. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.80.
CoreSite Realty (NYSE:COR) last released its 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). The firm had revenue of $123.07 million during the quarter, compared to the consensus estimate of $121.27 million. CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. research analysts anticipate that CoreSite Realty will post 4.48 EPS for the current fiscal year.
Several brokerages have recently commented on COR. ValuEngine raised CoreSite Realty from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. BidaskClub raised CoreSite Realty from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. KeyCorp reissued a “hold” rating on shares of CoreSite Realty in a report on Tuesday, September 12th. SunTrust Banks reissued a “buy” rating and set a $121.00 price objective on shares of CoreSite Realty in a report on Friday, November 17th. Finally, Cowen reissued a “buy” rating and set a $111.00 price objective on shares of CoreSite Realty in a report on Thursday, October 19th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CoreSite Realty currently has a consensus rating of “Buy” and an average target price of $109.55.
In related news, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $109.39, for a total value of $875,120.00. Following the completion of the sale, the chief financial officer now owns 98,562 shares in the company, valued at approximately $10,781,697.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Derek Mccandless sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $109.37, for a total value of $546,850.00. Following the completion of the sale, the senior vice president now owns 36,613 shares of the company’s stock, valued at approximately $4,004,363.81. The disclosure for this sale can be found here. Insiders sold a total of 16,805 shares of company stock valued at $1,868,981 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.
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.
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