Trade-Ideas LLC identified

CoreSite Realty

(

COR

) as a pre-market mover with heavy volume 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 $22.2 million.
  • COR traded 63,943 shares today in the pre-market hours as of 8:44 AM, representing 15.7% of its average daily volume.

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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%. COR has a PE ratio of 62. Currently there are 3 analysts that rate CoreSite Realty a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for CoreSite Realty has been 269,100 shares per day over the past 30 days. CoreSite has a market cap of $1.5 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.92 and a short float of 4.5% with 1.78 days to cover. Shares are up 45.5% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates CoreSite Realty as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 9.8%. Since the same quarter one year prior, revenues rose by 22.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • CORESITE REALTY CORP reported significant earnings per share improvement 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 ($0.96 versus $0.66).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 72.1% when compared to the same quarter one year prior, rising from $5.23 million to $9.00 million.
  • Powered by its strong earnings growth of 85.71% and other important driving factors, this stock has surged by 62.41% 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.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, CORESITE REALTY CORP's return on equity is below that of both the industry average and the S&P 500.

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