CHICAGO, May 16, 2020 – Shares of CoreSite Realty Corporation (NYSE: COR) showed the bullish trend with a higher momentum of 0.11% to $120.51. The company traded total volume of 345.516K shares as contrast to its average volume of 484.28K shares. The company has a market value of $4.46B and about 37.05M shares outstanding.
CoreSite Realty Corporation (NYSE: COR) posted revenues of $144.89M for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $139.18M. The company has topped consensus revenue estimates just once over the last four quarters. CoreSite Realty came out with quarterly funds from operations (FFO) of $1.28 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to FFO of $1.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 2.40%. A quarter ago, it was expected that this operator of large computing warehouses would post FFO of $1.28 per share when it actually produced FFO of $1.27, delivering a surprise of -0.78%. Over the last four quarters, the company has surpassed consensus FFO estimates just once.
The Company offered net profit margin of 12.70% while its gross profit margin was 68.60%. ROE was recorded as 45.00% while beta factor was 0.32. The stock, as of recent close, has shown the weekly downbeat performance of -1.94% which was maintained at 7.48% in this year.