COR - CoreSite Realty Corporation

NYSE - NYSE Delayed Price. Currency in USD
-0.24 (-0.21%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close115.18
Bid80.00 x 1100
Ask132.00 x 800
Day's Range114.70 - 115.97
52 Week Range82.64 - 120.93
Avg. Volume241,853
Market Cap5.572B
Beta (3Y Monthly)0.82
PE Ratio (TTM)52.94
EPS (TTM)2.17
Earnings DateJul 24, 2019 - Jul 29, 2019
Forward Dividend & Yield4.88 (4.18%)
Ex-Dividend Date2019-06-27
1y Target Est117.41
Trade prices are not sourced from all markets
  • Markit7 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 but are weakening * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate 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 | NegativeETF activity is negative and may be weakening. The net inflows of $314 million over the last one-month into ETFs that hold COR are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to 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.

  • CoreSite’s Boston data center reports outage due to fiber damage
    American City Business Journals13 days ago

    CoreSite’s Boston data center reports outage due to fiber damage

    Customers of CoreSite’s Boston data center were affected for several hours on Monday night by a communications outage due to damage to fiber used in transmission lines at the center.

  • Read This Before Buying CoreSite Realty Corporation (NYSE:COR) For Its Dividend
    Simply Wall St.18 days ago

    Read This Before Buying CoreSite Realty Corporation (NYSE:COR) For Its Dividend

    Could CoreSite Realty Corporation (NYSE:COR) be an attractive dividend share to own for the long haul? Investors are...

  • 5 Data Center REITs to Buy That Deliver Sizable Income
    InvestorPlace27 days ago

    5 Data Center REITs to Buy That Deliver Sizable Income

    [Editor's note: This story was previously published in April 2019. It has since been updated and republished.]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 REITs that also offer capital gains. But I've found REITs to buy whose prices tend to rise over time .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).InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf you do a Google search for something and then buy it on Amazon, the request and response likely went through a data center owned by a REIT. The data centers hosted by REITs aren't all cloud-based, but they usually require connections to clouds.The 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. * 7 Stocks to Buy for Over 20% Upside Potential If you're seeking both income and capital gains, you can find both in data center REITs. Here are some good data center REITs to buy 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 $40 billion, and last year delivered $9.84 per share in dividends to its shareholders.To a current buyer that's a yield of just 2.17%. But five years ago, the stock was trading at $172 per share. Yesterday it closed at $480. 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.As of yesterday's close it had a market cap of $26 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. * 7 Stocks to Buy for Over 20% Upside Potential 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. 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 about 270% in the last five years, while quarterly dividends have tripled from 36 cents per share in 2014 to $1.10 now. That dividend yields a fat 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, later this month. 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 quarterly dividend has also doubled to its current 44 cents. That represents a yield of 3.91%, and the company's market cap stands at $2.82 billion. * 7 Stocks to Buy for Over 20% Upside Potential 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. CyrusOne's 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.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.Some speculators are betting CONE will be acquired, which keeps the price of the stock up.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 or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post 5 Data Center REITs to Buy That Deliver Sizable Income appeared first on InvestorPlace.

  • Business Wirelast month

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

    CoreSite Realty Corporation , a premier provider of secure, reliable, high-performance data center and interconnection solutions in major U.S. metropolitan areas, today announced a cash dividend of $1.22 per share on common stock and common stock equivalents for the second quarter of 2019.

  • What Does Corelens S.A.’s (WSE:COR) 10% ROCE Say About The Business?
    Simply Wall St.last month

    What Does Corelens S.A.’s (WSE:COR) 10% ROCE Say About The Business?

    Today we'll evaluate Corelens S.A. (WSE:COR) to determine whether it could have potential as an investment idea...

  • CoreSite Announces Hyperscale Leasing at Santa Clara Campus
    Zackslast month

    CoreSite Announces Hyperscale Leasing at Santa Clara Campus

    CoreSite Realty's (COR) hyperscale leasing at its Santa Clara Campus and property purchase for future facility development reflect the solid demand for data-center facilities in the market.

  • Digital Realty Grows in Dublin, Gets AWS Service Delivery Tag
    Zackslast month

    Digital Realty Grows in Dublin, Gets AWS Service Delivery Tag

    Digital Realty (DLR) launches second data center at its Profile Park campus. Also, it scores the designation of Amazon Web Services (AWS) Service Delivery for AWS Direct Connect.

  • Business Wirelast month

    CoreSite Announces Availability of Higher Bandwidth Hosted Connections for AWS Direct Connect

    Expanding Hosted Connections to 1, 2, 5 or 10 Gbps of Capacity for AWS Direct Connect Through the CoreSite Open Cloud Exchange

  • If You Had Bought CoreSite Realty (NYSE:COR) Shares Five Years Ago You'd Have Made 261%
    Simply Wall St.last month

    If You Had Bought CoreSite Realty (NYSE:COR) Shares Five Years Ago You'd Have Made 261%

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and...

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of COR earnings conference call or presentation 25-Apr-19 4:00pm GMT

    Q1 2019 CoreSite Realty Corp Earnings Call

  • Were Hedge Funds Right About Flocking Into CoreSite Realty Corp (COR) ?
    Insider Monkey2 months ago

    Were Hedge Funds Right About Flocking Into CoreSite Realty Corp (COR) ?

    We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of December 31st. In this article we look at what those investors think of CoreSite Realty Corp (NYSE:COR). CoreSite Realty Corp […]

  • CoreSite Realty Corp (COR) Q1 2019 Earnings Call Transcript
    Motley Fool2 months ago

    CoreSite Realty Corp (COR) Q1 2019 Earnings Call Transcript

    COR earnings call for the period ending March 31, 2019.

  • Associated Press2 months ago

    CoreSite: 1Q Earnings Snapshot

    DENVER (AP) _ CoreSite Realty Corp. (COR) on Wednesday reported a key measure of profitability in its first quarter. The results did not meet Wall Street expectations. The real estate investment trust, based in Denver, said it had funds from operations of $60.1 million, or $1.25 per share, in the period.

  • Business Wire2 months ago

    CoreSite Reports First Quarter 2019 Financial Results

    -- Delivered Improved Q1 Sales and Pre-leased Two Phases of SV8 in April --

  • Business Wire2 months 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
    Zacks2 months 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 Wire2 months 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 Wire2 months ago

    CoreSite Launches the CoreSite Interconnect Gateway℠

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

  • Here's What Makes Equinix (EQIX) a Promising Investment Bet
    Zacks2 months 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.