CoreSite Realty (COR) Hits New Lifetime High
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified CoreSite Realty as such a stock due to the following factors:
- COR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $8.1 million.
- COR has traded 1,704 shares today.
- COR is trading at a new lifetime high.
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More details on COR:
CoreSite Realty Corporation engages in the ownership, acquisition, construction, and management of data centers. The stock currently has a dividend yield of 3.4%. COR has a PE ratio of 74.3. Currently there are 4 analysts that rate CoreSite Realty a buy, no analysts rate it a sell, and 4 rate it a hold.
The average volume for CoreSite Realty has been 149,100 shares per day over the past 30 days. CoreSite has a market cap of $1.1 billion and is part of the financial sector and real estate industry. The stock has a beta of 1.08 and a short float of 3.4% with 3.37 days to cover. Shares are up 25.7% year-to-date as of the close of trading on Thursday.
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Analysis:
rates CoreSite Realty as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, solid stock price performance, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.
Highlights from the ratings report include:
- COR's revenue growth has slightly outpaced the industry average of 10.1%. Since the same quarter one year prior, revenues rose by 18.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- CORESITE REALTY CORP has improved earnings per share by 40.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CORESITE REALTY CORP increased its bottom line by earning $0.66 versus $0.50 in the prior year. This year, the market expects an improvement in earnings ($0.82 versus $0.66).
- Powered by its strong earnings growth of 40.00% and other important driving factors, this stock has surged by 63.28% over the past year, outperforming the rise in the S&P 500 Index during the same period. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
- Net operating cash flow has increased to $24.97 million or 10.99% when compared to the same quarter last year. Despite an increase in cash flow, CORESITE REALTY CORP's average is still marginally south of the industry average growth rate of 11.97%.
- The company, on the basis of net income growth from the same quarter one year ago, has significantly underperformed compared to the Real Estate Investment Trusts (REITs) industry average, but is greater than that of the S&P 500. The net income increased by 29.3% when compared to the same quarter one year prior, rising from $5.22 million to $6.75 million.
- You can view the full CoreSite Realty Ratings Report.
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