Trade-Ideas LLC identified

CoreSite Realty

(

COR

) 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 $23.6 million.
  • COR has traded 1,867 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 3.2%. COR has a PE ratio of 65. Currently there are 5 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 406,300 shares per day over the past 30 days. CoreSite has a market cap of $2.1 billion and is part of the financial sector and real estate industry. Shares are up 20.7% year-to-date as of the close of trading on Monday.

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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, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 7.9%. Since the same quarter one year prior, revenues rose by 25.4%. 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 $1.01 versus $0.66 in the prior year. This year, the market expects an improvement in earnings ($1.26 versus $1.01).
  • 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 69.3% when compared to the same quarter one year prior, rising from $6.75 million to $11.43 million.
  • Net operating cash flow has significantly increased by 56.72% to $39.13 million when compared to the same quarter last year. In addition, CORESITE REALTY CORP has also vastly surpassed the industry average cash flow growth rate of 3.64%.
  • 36.82% is the gross profit margin for CORESITE REALTY CORP which we consider to be strong. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, COR's net profit margin of 12.56% significantly trails the industry average.

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