Earnings results for CoreSite Realty (NYSE:COR)
CoreSite Realty last issued its quarterly earnings data on July 29th, 2021. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by $0.76. CoreSite Realty has generated $5.31 earnings per share over the last year ($2.06 diluted earnings per share) and currently has a price-to-earnings ratio of 71.0. Earnings for CoreSite Realty are expected to grow by 6.80% in the coming year, from $5.59 to $5.97 per share. CoreSite Realty has confirmed that its next quarterly earnings report will be published on Thursday, October 28th, 2021. CoreSite Realty will be holding an earnings conference call on Thursday, October 28th at 12:00 PM Eastern. Interested parties can or dial in at 412-317-6671 with passcode “13723625”.
Analyst Opinion on CoreSite Realty (NYSE:COR)
According to the issued ratings of 9 analysts in the last year, the consensus rating for CoreSite Realty stock is Hold based on the current 2 sell ratings, 3 hold ratings and 4 buy ratings for COR. The average twelve-month price target for CoreSite Realty is $142.63 with a high price target of $161.00 and a low price target of $123.00.
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 $142.63, CoreSite Realty has a forecasted downside of 2.4% from its current price of $146.20. CoreSite Realty has been the subject of 7 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 3.49%, 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 95.67%. 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 85.09% 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 $1,508,604.00 in company stock. Only 1.40% of the stock of CoreSite Realty is held by insiders. 95.13% 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 6.80% in the coming year, from $5.59 to $5.97 per share. The P/E ratio of CoreSite Realty is 70.97, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.22. The P/E ratio of CoreSite Realty is 70.97, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.95. CoreSite Realty has a PEG Ratio of 1.26. PEG Ratios above 1 indicate that a company could be overvalued. CoreSite Realty has a P/B Ratio of 86.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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