CoreSite Picked By Ariento As Data Center Solution Partner

CoreSite Realty Corporation (NYSE:COR) has been selected by cybersecurity and IT solutions provider – Ariento – as its data center solution partner. Particularly, Ariento chose to deploy at CoreSite’s Santa Clara campus for its closeness to markets where Ariento offers services.

A service-disabled veteran-owned company – Ariento – has more than 30 years of experience in cybersecurity for various military branches and organizations. Its decision to deploy at the Santa Clara campus is for supplementing growth in its client base with advanced architecture, especially lowering the latency to public cloud service providers like AWS Direct Connect.

Notably, CoreSite Silicon Valley market includes seven operational data centers. The company offers colocation solutions to one of the prime hubs of Internet and technology companies in the world. In fact, over 185 international and national carriers, social media companies, cloud computing providers, media and entertainment firms, and enterprise customers connect for conducting business in this market.

With growth in cloud computing, Internet of Things and big data, and an increasing number of companies opting for third-party IT infrastructure, data center REITs are experiencing a boom. In fact, demand is outpacing supply in top-tier data center markets and despite enjoying high occupancy, these are absorbing new construction at a faster pace. Also, data center REITs pulled in their capital and scored well on the return book through Apr 2017, registering total returns of 18.03%.

CoreSite Realty currently carries a Zacks Rank #3 (Hold).

Over the past three months, shares of CoreSite Realty outperformed the Zacks categorized REIT and Equity Trust – Other industry. During this time frame, shares of CoreSite Realty ascended 14.3%, whereas the industry incurred loss of 0.2%.



Stocks to Consider

Investors can also consider better-ranked stocks in the REIT space like DCT Industrial Trust Inc. (NYSE:DCT) , Prologis, Inc. (NYSE:PLD) and Sunstone Hotel Investors, Inc. (NYSE:SHO) . All the three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

DCT Industrial Trust’s estimates for 2017 FFO per share moved north 0.4% to $2.39 over the past 30 days.

Prologis’ estimates for 2017 FFO per share moved north nearly 3.8% to $2.76 over the past 60 days.

Sunstone Hotel currently has long-term growth rate of 5%.

Note: All EPS numbers presented in this write up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.

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ProLogis, Inc. (PLD): Free Stock Analysis Report

CoreSite Realty Corporation (COR): Free Stock Analysis Report

Sunstone Hotel Investors, Inc. (SHO): Free Stock Analysis Report

DCT Industrial Trust Inc (DCT): Free Stock Analysis Report

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