Wall Street brokerages predict that CoreSite Realty Corp (NYSE:COR) will announce earnings per share (EPS) of $1.20 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for CoreSite Realty’s earnings, with the highest EPS estimate coming in at $1.24 and the lowest estimate coming in at $1.07. CoreSite Realty reported earnings per share of $1.13 during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.2%. The firm is expected to report its next quarterly earnings results on Thursday, April 26th.

According to Zacks, analysts expect that CoreSite Realty will report full-year earnings of $5.02 per share for the current year, with EPS estimates ranging from $4.92 to $5.11. For the next year, analysts anticipate that the business will post earnings of $5.63 per share, with EPS estimates ranging from $5.40 to $5.87. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover CoreSite Realty.

CoreSite Realty (NYSE:COR) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. CoreSite Realty had a net margin of 15.54% and a return on equity of 16.77%. The firm had revenue of $125.95 million during the quarter, compared to the consensus estimate of $125.71 million. During the same quarter in the previous year, the firm posted $1.06 EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year.

A number of brokerages have recently issued reports on COR. Jefferies Group reissued a “buy” rating on shares of CoreSite Realty in a research report on Thursday. Robert W. Baird lowered their target price on shares of CoreSite Realty from $129.00 to $126.00 and set an “outperform” rating on the stock in a research note on Friday. Citigroup lowered their target price on shares of CoreSite Realty from $115.00 to $105.00 and set a “neutral” rating on the stock in a research note on Friday. Credit Suisse Group lowered their target price on shares of CoreSite Realty from $111.00 to $107.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Mitsubishi UFJ Financial Group started coverage on shares of CoreSite Realty in a research note on Wednesday, January 10th. They set an “overweight” rating and a $124.00 target price on the stock. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. CoreSite Realty presently has a consensus rating of “Buy” and an average target price of $112.75.

Shares of CoreSite Realty (COR) traded up $1.03 during mid-day trading on Wednesday, hitting $97.40. 811,924 shares of the stock were exchanged, compared to its average volume of 369,182. CoreSite Realty has a 12-month low of $83.82 and a 12-month high of $120.85. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.29 and a current ratio of 0.27. The company has a market cap of $4,730.00, a P/E ratio of 52.93, a price-to-earnings-growth ratio of 1.13 and a beta of 0.33.

The company also recently announced 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 a boost from CoreSite Realty’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, December 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.02%. CoreSite Realty’s payout ratio is 213.04%.

In related news, SVP Steven James Smith sold 7,121 shares of CoreSite Realty 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 transaction, the senior vice president now owns 48,137 shares in the company, valued at approximately $5,426,484.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have purchased 150,000 shares of company stock worth $55,000 and have sold 12,533 shares worth $1,379,689. 1.50% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in COR. Atlantic Trust Group LLC purchased a new stake in CoreSite Realty in the 3rd quarter worth $35,764,000. Fisher Asset Management LLC purchased a new stake in CoreSite Realty in the 3rd quarter worth $32,098,000. BlackRock Inc. lifted its stake in CoreSite Realty by 6.2% in the 4th quarter. BlackRock Inc. now owns 3,362,411 shares of the real estate investment trust’s stock worth $382,978,000 after purchasing an additional 196,323 shares in the last quarter. Payden & Rygel lifted its stake in CoreSite Realty by 3,343.6% in the 3rd quarter. Payden & Rygel now owns 134,300 shares of the real estate investment trust’s stock worth $15,028,000 after purchasing an additional 130,400 shares in the last quarter. Finally, Land & Buildings Investment Management LLC purchased a new stake in CoreSite Realty in the 3rd quarter worth $11,391,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

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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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