COR - CoreSite Realty Corporation

NYSE - NYSE Delayed Price. Currency in USD
109.28
+1.17 (+1.08%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close108.11
Open108.27
Bid109.20 x 1200
Ask109.18 x 800
Day's Range107.76 - 109.77
52 Week Range82.64 - 117.82
Volume210,558
Avg. Volume281,046
Market Cap5.273B
Beta (3Y Monthly)1.01
PE Ratio (TTM)49.23
EPS (TTM)2.22
Earnings DateApr 24, 2019
Forward Dividend & Yield4.40 (4.11%)
Ex-Dividend Date2019-03-28
1y Target Est113.71
Trade prices are not sourced from all markets
  • Business Wire4 days ago

    CoreSite Realty Corporation Announces Closing of Senior Notes Offering

    CoreSite Realty Corporation (COR) (“CoreSite”), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced that its operating partnership, CoreSite, L.P. (the “Operating Partnership”), agreed to issue and sell an aggregate principal amount of $400 million of senior notes (the “Notes”) in a private placement to certain “accredited investors” pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”). The Notes and the guaranties thereof will not be and have not been registered under the Securities Act or any state securities laws and may not be offered or sold absent registration under the Securities Act, or pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

  • Equinix Expands ECX Fabric to Boost Global Interconnection
    Zacks4 days ago

    Equinix Expands ECX Fabric to Boost Global Interconnection

    Equinix (EQIX) strengthens Platform Equinix with expansion of the connectivity service delivered via Equinix Cloud Exchange Fabric (ECX Fabric) in 37 markets across five continents.

  • Business Wire11 days ago

    CoreSite Under Construction at New Downtown Chicago Data Center

    - Building Phase I of its 169,000 Square Foot Facility -

  • CoreSite Launches the CoreSite Interconnect Gateway℠
    Business Wire12 days ago

    CoreSite Launches the CoreSite Interconnect Gateway℠

    - Accelerates Enterprises’ Digital Integration -- Enables a Flexible Architecture -

  • Markit12 days ago

    See what the IHS Markit Score report has to say about CoreSite Realty Corp.

    CoreSite Realty Corp NYSE:CORView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for COR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding COR are favorable with net inflows of $72.52 billion. This was the highest net inflow seen over the last one-year.Error parsing the SmartText Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Here's What Makes Equinix (EQIX) a Promising Investment Bet
    Zacks13 days ago

    Here's What Makes Equinix (EQIX) a Promising Investment Bet

    Equinix's (EQIX) impressive revenue and funds from operations (FFO) per share growth prospects, along with strong industrial tailwinds, make it a solid investment bet.

  • 5 Data Center Buys That Deliver Sizable Income
    InvestorPlace16 days ago

    5 Data Center Buys That Deliver Sizable Income

    A real estate investment trust (REIT) is dedicated first to income. It is required to send 90% of earnings back to investors in the form of dividends. This means it's unusual to find a REIT that also offers capital gains. But I've found just such a place.Data Center REITs offer hosting, colocation and cloud on-ramps to enterprises and Internet Service Providers. They act as a sort of glue among the Cloud Czars, like Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT).If you do a Google search for something and then buy it on Amazon, the request and response likely went through a data center REIT. The data centers hosted by REITs aren't all cloud-based, but they usually require connections to clouds, and this is the best way to get them.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe colocation market alone continues to grow at 10% each year, driven by the needs of the Cloud Czars, according to Synergy Research. This was a $34 billion market last year.It's part of a larger trend in which the Cloud Czars are taking over the telecommunications market. * 10 Dangerous Dividend Stocks to Avoid If your portfolio seeks both income and capital gains, here's where you can find them in data center REITs. Equinix (EQIX)Source: Shutterstock Equinix (NASDAQ:EQIX) was founded in Redwood City, California in 1998 and has focused on global services almost since its inception. It has a market cap of $39 billion, and last year delivered $9.84 per share in dividends to its shareholders.To a current buyer that's a yield of just 2.16%. But five years ago, the stock was trading at $172 per share. It was trading April 4 at $465. If you bought some shares five years ago, the current dividend would give you a yield of 5.75%. Plus, there's that capital gain, almost 30% per year, doubling what you would have gotten from the average NASDAQ stock.This is key to successful income investing. Don't just focus on the current yield. Let time work for you. If you're on the right side of a trend, you are almost certain to prosper.Last year, Equinix had revenue of $5.09 billion, up from $2.44 billion in 2014, and it brought $365 million of that to the bottom line. The asset base has more than doubled, to $20.24 billion, and while there is $9.44 billion in debt on those assets, the debt-to-asset ratio has been improving.Equinix continues to grow its international footprint, most recently with a new Australian center. Its DC1 building in Virginia was the first large greenfield center to open, 20 years ago, back when such centers were mainly selling themselves as a way for corporations to speed data flows for things like video conferencing, or as alternatives to the Network Access Points (NAPs) that then dominated internet switching.Equinix is not a huge acquirer, its most recent buy being Metronode in 2017. But that means that other companies' shareholders aren't getting a big chunk of your gains and that the stock isn't being watered down with new shares.All this makes Equinix one of the best data center REITs to buy. Digital Realty Trust (DLR)Source: Shutterstock Digital Realty Trust (NYSE:DLR) was formed as a public company in 2004 out of 21 data centers acquired out of bankruptcy by GI Partners, a private equity firm. It now has 214 centers with 34.5 million square feet of rentable space in the U.S. and Europe.On April 4, it had a market cap of $26.75 billion, and last year delivered $4.32 per share in dividends to investors. That's a yield of 3.55%. Add a 19% one-year gain in the stock price and you get a total return of about 22%. Over the last five years, the stock is up 137%, and if you bought in 2014, when the price of the stock was about $60 per share, your current yield is about 7.2%.In 2018, Digital Realty had revenue of slightly over $3 billion, with net income of $341 million, meaning 11% of revenues became net income. The company's assets are worth over $23.7 billion, with $11.1 billion in debt, a slight improvement over 2014. Operating cash flow has also doubled.The company's biggest deal came in 2017, a $7.8 billion agreement to buy DuPont Fabros Technology. But the company quickly came back for more, buying Ascently, based in Brazil, last year for $1.8 billion. The company also broke ground last month for its third center in Singapore. * 10 Best Stocks for 2019: The Race Is On Brad Thomas of iREIT Investor notes that, while Digital Realty is an aggressive acquirer of data centers, it doesn't account for acquisitions aggressively, which means it's not stressing its balance sheet at the expense of the long term. Thomas calls Digital Realty's global footprint a big advantage, and its size let it carry $236 million of empty land in fast-growing northern Virginia on its balance sheet. Thirteen of the 25 analysts currently following DLR have it on their buy lists. CoreSite Realty (COR)Source: Todd Van Hoosear via Flickr (modified)CoreSite Realty (NYSE:COR) is much smaller than Equinix or Digital Realty, with a market cap of $5.3 billion. CoreSite was born from two "telecom hotels," as they were called then, in 2001, in San Francisco. It was then called CRG West, and the location was where Internet Service Providers hooked into phone networks, and where enterprises could go for big bandwidth.CoreSite went public in 2009, and then began expanding internationally, starting in London. Its early expansion was funded by the Carlyle Group, a private equity firm. They reduced their interest to about 29% in 2016.The small size of CoreSite Realty, relative to Digital Realty and Equinix, does give it some big advantages, in the form of capital gains. The shares are up 261% in the last five years, while dividends have tripled from 36 cents per share in 2014 to $1.10 now. That dividend yields a fat 4.4%.CoreSite is the right stock for you if you're mainly looking for exposure to the U.S. internet market. It is, like the other REITs, a great long-term holding. It's expected to raise the dividend again, to $1.29 per share, in May. It bills itself as offering "hybrid cloud solutions," with its close connections to big clouds like Amazon and Microsoft, and colocation services for enterprises building their own cloud systems. QTS Realty Trust (QTS)Source: Gothopotam via Flickr (Modified)Smaller market caps can deliver big gains, as CoreSite shows, but there are downsides. A strategic shift can take a stock down hard.QTS Realty Trust (NYSE:QTS) made that kind of shift in 2017, moving from managed services to being a "cloud on-ramp." The company insisted the new plan would mean big new opportunities, but these have taken time to develop, with repeated misses on earnings estimates taking a toll on the stock.QTS began life in Kansas, in 2003, expanded into Atlanta through a 2005 acquisition, and now has 25 data centers with 5.7 million square feet of rentable space. QTS went public in 2013 and has since doubled in price, while the dividend has also doubled to its current 44 cents. That represented a yield of 3.93% on April 4, and the company's market cap stood at $2.83%.QTS's earnings misses have the stock trading at just 7 times revenue, and if it does beat estimates when it reports in May, it could shoot up. Analysts are expecting 54 cents per share, after losing 2 cents per share in the last quarter. * 7 High-Risk Stocks With Big Potential Rewards All this makes QTS the most speculative of the data center REITs. There are opportunities here, both in the success of its strategy shift and its continuing weakness, which could make it a prize for a larger company. A single transaction can transform an investor's play from the weakest stock on the block to a big stake in one of the strongest. CyrusOne (CONE)Source: Shutterstock Like QTS Realty Trust, CyrusOne (NASDAQ:CONE) is an underperforming company that is said to be attractive to acquirers. But unlike QTS, where the weakness comes from its own strategic shifts, with CyrusOne the weakness comes from its history of being privately held.CyrusOne wasn't publicly traded until 2013. Founded in 2001, it was bought by private equity players ABRY Partners in 2007 and then by Cincinnati Bell, a small phone company, in 2010. It went public in 2013 and by 2015 Cincinnati Bell had sold out its stake.The company today has 45 data centers, mostly in the U.S., but it also has operations in Europe and Singapore. It expanded into Europe through the 2018 acquisition of Zenium for $442 million.CyrusOne stock has been weak since last September, falling 21% since issuing what was considered weak earnings guidance, $3.10 per share instead of the $3.50 expected. Because REITs must pay out 90% of earnings as dividends, this meant a significant dividend shortfall.A business that began with small warehouses in central cities, where phone exchanges interconnected, is now built on finding big parcels of empty land near where cloud giants intend to build. A modern data REIT must acquire land and build ahead of demand, competing with other REITs, private equity companies trying to build new REITs from scratch and the cloud owners themselves.It's the weakness of results, a dividend of 46 cents per share yielding 3.51%, that drove CyrusOne down. But it's that same weakness that now has some speculators betting it will be acquired, which keeps the price of the stock up.That's the way it is in the data center REIT business, where the only constant is growth and the clouds rule.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * 7 A-Rated Healthcare Stocks for Industry Expansion * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever Compare Brokers The post 5 Data Center Buys That Deliver Sizable Income appeared first on InvestorPlace.

  • Business Wire17 days ago

    CoreSite Supports Hybrid Network Connections to Google Cloud

    CoreSite helps extend customers’ networks to Google Cloud Platform’s global network in their Los Angeles and Denver markets

  • Digital Realty Closes JV Deal With Brookfield Infrastructure
    Zacks17 days ago

    Digital Realty Closes JV Deal With Brookfield Infrastructure

    For Digital Realty Trust (DLR), the partnership with Brookfield will help the company bank on the robust growth prospects of the Latin America region with customer's digital transformation.

  • An Examination Of CoreSite Realty Corporation (NYSE:COR)
    Simply Wall St.18 days ago

    An Examination Of CoreSite Realty Corporation (NYSE:COR)

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean...

  • Business Wire19 days ago

    CoreSite Schedules First-Quarter 2019 Earnings Conference Call

    CoreSite Realty Corporation , a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced it will host its first quarter 2019 earnings call on Thursday, April 25, 2019, at 12:00 p.m.

  • MoneyShowlast month

    3 Bets on 5G- Income in Data Centers

    The multitudes faster 5G wireless technology will start rolling out around the globe over the next few years. Under the 4G system, mobile data has grown 17-fold over the past five years, explains Tim Plaehn, income specialist and editor of The Dividend Hunter.

  • Business Wirelast month

    CoreSite Realty Corporation Declares First-Quarter 2019 Dividend on Common Stock

    CoreSite Realty Corporation , a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced a cash dividend of $1.10 per share on common stock and common stock equivalents for the first quarter of 2019.

  • CoreSite Realty Corporation (NYSE:COR): Is It A Smart Long Term Opportunity?
    Simply Wall St.last month

    CoreSite Realty Corporation (NYSE:COR): Is It A Smart Long Term Opportunity?

    Looking at CoreSite Realty Corporation's (NYSE:COR) earnings update on 31 December 2018, the consensus outlook from analysts appear somewhat bearish, as a 3.7% rise in profits is expected in theRead More...

  • Digital Realty-Mitsubishi JV to Acquire Land Parcel in Tokyo
    Zacks2 months ago

    Digital Realty-Mitsubishi JV to Acquire Land Parcel in Tokyo

    The buyout of land parcel by the Digital Realty (DLR)-Mitsubishi Corporation JV will help bank on growing market for data centers in the Asia Pacific.

  • Business Wire2 months ago

    CoreSite Raises Bar on Operational Excellence

    -- Investments in Technology, Talent and Training Drive Results --

  • Business Wire2 months ago

    CoreSite to Present at the 2019 Citi Global Property CEO Conference

    CoreSite Realty Corporation , a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced that Paul Szurek, President and Chief Executive Officer, and Jeff Finnin, Chief Financial Officer, will present at the 2019 Citi Global Property CEO Conference at The Diplomat Resort & Spa in Hollywood, Florida on Tuesday, March 5, 2019, at ...

  • GlobeNewswire2 months ago

    Report: Exploring Fundamental Drivers Behind TransCanada, Lincoln National, CoreSite Realty, American Software, Western Gas Partners, LP, and AeroVironment — New Horizons, Emerging Trends, and Upcoming Developments

    NEW YORK, Feb. 22, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • Business Wire2 months ago

    CoreSite expands in Washington D.C. with the addition of new Data Center Facility, building on its powerful campus environment

    CoreSite offers purpose-built colocation with connectivity to a robust ecosystem of networks and clouds

  • 4 Leading Data Center Stocks
    Investopedia2 months ago

    4 Leading Data Center Stocks

    Companies' burgeoning need for data and data centers implies that these stocks will outperform the broader market in the coming years.

  • 2 Data Warehouse Stocks Poised for Growth
    GuruFocus.com2 months ago

    2 Data Warehouse Stocks Poised for Growth

    Data warehousing stocks are beginning to surmount the rough patch that many REITs experienced last year, when some companies' shares dropped more the 10% on concerns about rising interest rates. Shares of some of the bigger players in the data center business are up more than 15% this year. Although chip hardware manufacturers have all posted revenue decreases due to a temporary lull in capital spending by large cloud providers, that doesn't change the fact that data center traffic is projected to increase at a brisk 25% rate through 2021.