Reviewing AmREIT (AMRE) and CoreSite Realty (COR)
AmREIT (NYSE: AMRE) and CoreSite Realty (NYSE:COR) are both financials companies, but which is the better investment? We will contrast the two companies based on the strength of their risk, dividends, profitability, valuation, institutional ownership, analyst recommendations and earnings.
This table compares AmREIT and CoreSite Realty’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
CoreSite Realty pays an annual dividend of $3.92 per share and has a dividend yield of 3.8%. AmREIT does not pay a dividend. CoreSite Realty pays out 213.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. AmREIT has raised its dividend for 7 consecutive years.
This is a breakdown of current ratings for AmREIT and CoreSite Realty, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
CoreSite Realty has a consensus target price of $112.00, suggesting a potential upside of 7.80%. Given CoreSite Realty’s higher probable upside, analysts clearly believe CoreSite Realty is more favorable than AmREIT.
Institutional and Insider Ownership
99.5% of CoreSite Realty shares are held by institutional investors. 1.5% of CoreSite Realty shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
Valuation and Earnings
This table compares AmREIT and CoreSite Realty’s revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|CoreSite Realty||$481.82 million||7.38||$74.85 million||$1.84||56.47|
CoreSite Realty has higher revenue and earnings than AmREIT. CoreSite Realty is trading at a lower price-to-earnings ratio than AmREIT, indicating that it is currently the more affordable of the two stocks.
CoreSite Realty beats AmREIT on 10 of the 13 factors compared between the two stocks.
AmREIT Company Profile
AmREIT, Inc. (AmREIT) is a full service, vertically integrated and self-administered real estate investment trust (REIT) that owns, operates, acquires and selectively develops and redevelops primarily neighborhood and community shopping centers located in high-traffic, densely populated, affluent areas with high barriers to entry. The Company’s shopping centers are anchored by national and local retailers, including supermarket chains, drug stores and other necessity-based retailers. In June 2013, AmREIT Inc announced that it has completed the acquisition of Fountain Oaks Shopping Center, a 160,600 square foot Kroger-anchored shopping center in the north Buckhead submarket of Atlanta, Georgia. Effective September 24, 2013, AmREIT Inc, through its AmREIT Realty Investment Corp subsidiary, acquired Woodlake Square Shopping Center, an owner and operator of shopping centers. In August 2014, AmREIT Inc completed the acquisition of Tuxedo Festival Shopping Center.
CoreSite Realty Company Profile
CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust. The Company, through its controlling interest in CoreSite, L.P., is engaged in the business of ownership, acquisition, construction and operation of data centers across a range of markets in the United States, including the Northern Virginia, New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver. The enterprises, network operators, cloud providers and supporting service providers choose CoreSite to connect and protect their data, applications and computing workloads. Its offerings include the CoreSite Open Cloud Exchange and the Any2 Internet Exchange. As of December 31, 2016, it had offered cloud-enabled, network data center campuses with over 20,000 interconnections across its portfolio and direct access to carriers and Internet service providers, cloud and information technology service providers, and inter site connectivity.
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