Equities research analysts forecast that CoreSite Realty Corp (NYSE:COR) will post sales of $139.98 million for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for CoreSite Realty’s earnings. The lowest sales estimate is $137.03 million and the highest is $142.37 million. CoreSite Realty reported sales of $125.95 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.1%. The company is expected to report its next quarterly earnings results on Thursday, February 14th.

According to Zacks, analysts expect that CoreSite Realty will report full-year sales of $545.23 million for the current year, with estimates ranging from $542.28 million to $547.62 million. For the next fiscal year, analysts forecast that the company will report sales of $592.32 million, with estimates ranging from $587.70 million to $598.87 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow CoreSite Realty.

CoreSite Realty (NYSE:COR) last announced its earnings results on Thursday, October 25th. The real estate investment trust reported $0.52 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.72). The company had revenue of $139.18 million for the quarter, compared to analyst estimates of $138.10 million. CoreSite Realty had a return on equity of 20.18% and a net margin of 14.91%.

A number of analysts have recently issued reports on the stock. Cowen downgraded shares of CoreSite Realty from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $115.00 to $107.00 in a report on Monday, September 24th. Citigroup lifted their price objective on shares of CoreSite Realty from $105.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, July 30th. Credit Suisse Group set a $112.00 price objective on shares of CoreSite Realty and gave the company a “hold” rating in a report on Saturday, July 28th. Zacks Investment Research upgraded shares of CoreSite Realty from a “sell” rating to a “hold” rating in a report on Friday, July 27th. Finally, Berenberg Bank assumed coverage on shares of CoreSite Realty in a report on Thursday, September 20th. They issued a “buy” rating and a $153.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $119.15.

In related news, SVP Brian Warren sold 1,000 shares of the business’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $96.35, for a total transaction of $96,350.00. Following the transaction, the senior vice president now directly owns 25,803 shares in the company, valued at $2,486,119.05. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark R. Jones sold 600 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $95.29, for a total transaction of $57,174.00. Following the transaction, the insider now owns 15,621 shares in the company, valued at $1,488,525.09. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,350 shares of company stock worth $580,721. 1.50% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of COR. Principal Financial Group Inc. boosted its position in CoreSite Realty by 4.5% during the first quarter. Principal Financial Group Inc. now owns 242,532 shares of the real estate investment trust’s stock worth $24,316,000 after purchasing an additional 10,424 shares during the period. Allianz Asset Management GmbH bought a new position in CoreSite Realty during the first quarter worth $8,998,000. Bank of Montreal Can bought a new position in CoreSite Realty during the second quarter worth $3,456,000. Oakbrook Investments LLC bought a new position in CoreSite Realty during the second quarter worth $202,000. Finally, Boston Advisors LLC boosted its position in CoreSite Realty by 13.6% during the second quarter. Boston Advisors LLC now owns 13,870 shares of the real estate investment trust’s stock worth $1,537,000 after purchasing an additional 1,665 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Shares of COR stock opened at $91.86 on Friday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 1.19 and a beta of 0.55. CoreSite Realty has a 52 week low of $88.37 and a 52 week high of $119.59.

About CoreSite Realty

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.

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

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