Earnings results for CoreSite Realty (NYSE:COR)
CoreSite Realty Corporation is expected* to report earnings on 04/29/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 10 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.33. The reported EPS for the same quarter last year was $1.29.
CoreSite Realty last released its quarterly earnings data on February 4th, 2021. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by $0.86. The business earned $154.90 million during the quarter, compared to analysts’ expectations of $153.71 million. Its revenue was up 6.1% on a year-over-year basis. CoreSite Realty has generated $5.10 earnings per share over the last year and currently has a price-to-earnings ratio of 60.7. CoreSite Realty has confirmed that its next quarterly earnings report will be published on Thursday, April 29th, 2021.
Analyst Opinion on CoreSite Realty (NYSE:COR)
9 Wall Street analysts have issued ratings and price targets for CoreSite Realty in the last 12 months. Their average twelve-month price target is $133.50, predicting that the stock has a possible upside of 9.43%. The high price target for COR is $156.00 and the low price target for COR is $115.00. There are currently 2 sell ratings, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Hold.”
CoreSite Realty has received a consensus rating of Hold. The company’s average rating score is 2.22, and is based on 4 buy ratings, 3 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $133.50, CoreSite Realty has a forecasted upside of 9.4% from its current price of $122.00. CoreSite Realty has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: CoreSite Realty (NYSE:COR)
CoreSite Realty pays a meaningful dividend of 3.96%, higher than the bottom 25% of all stocks that pay dividends. CoreSite Realty has only been increasing its dividend for 1 years. The dividend payout ratio of CoreSite Realty is 96.47%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CoreSite Realty will have a dividend payout ratio of 87.54% in the coming year. This indicates that CoreSite Realty may not be able to sustain their current dividend.
Insiders buying/selling: CoreSite Realty (NYSE:COR)
In the past three months, CoreSite Realty insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,708,727.00 in company stock. Only 1.50% of the stock of CoreSite Realty is held by insiders. 95.16% of the stock of CoreSite Realty is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of CoreSite Realty (NYSE:COR
Earnings for CoreSite Realty are expected to grow by 6.24% in the coming year, from $5.29 to $5.62 per share. The P/E ratio of CoreSite Realty is 60.70, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.88. The P/E ratio of CoreSite Realty is 60.70, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 23.12. CoreSite Realty has a PEG Ratio of 1.04. PEG Ratios around 1 indicate that a company is correctly valued. CoreSite Realty has a P/B Ratio of 21.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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