Public Employees Retirement System of Ohio increased its stake in CoreSite Realty Corp (NYSE:COR) by 91.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,956 shares of the real estate investment trust’s stock after purchasing an additional 13,815 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.08% of CoreSite Realty worth $3,240,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Zions Bancorporation purchased a new position in CoreSite Realty during the 3rd quarter valued at about $170,000. Schroder Investment Management Group acquired a new stake in shares of CoreSite Realty during the 2nd quarter valued at about $188,000. Calamos Advisors LLC acquired a new stake in shares of CoreSite Realty during the 2nd quarter valued at about $206,000. Park Avenue Securities LLC acquired a new stake in shares of CoreSite Realty during the 3rd quarter valued at about $207,000. Finally, FDx Advisors Inc. acquired a new stake in shares of CoreSite Realty during the 3rd quarter valued at about $209,000. 97.74% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Steven James Smith sold 7,121 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $112.73, for a total transaction of $802,750.33. Following the sale, the senior vice president now directly owns 48,137 shares in the company, valued at $5,426,484.01. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $109.39, for a total value of $875,120.00. Following the sale, the chief financial officer now owns 98,562 shares in the company, valued at $10,781,697.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,121 shares of company stock worth $2,224,720. 1.50% of the stock is currently owned by company insiders.
COR has been the subject of several research reports. Zacks Investment Research lowered CoreSite Realty from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. SunTrust Banks reiterated a “buy” rating and set a $121.00 price target on shares of CoreSite Realty in a report on Friday, November 17th. William Blair began coverage on CoreSite Realty in a report on Friday, September 22nd. They set an “outperform” rating for the company. Cowen restated a “buy” rating and issued a $111.00 target price on shares of CoreSite Realty in a report on Thursday, October 19th. Finally, KeyCorp restated a “hold” rating on shares of CoreSite Realty in a report on Thursday, October 12th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $110.75.
CoreSite Realty Corp (NYSE:COR) opened at $105.67 on Friday. CoreSite Realty Corp has a 1-year low of $81.63 and a 1-year high of $120.85. The company has a market capitalization of $5,080.00, a P/E ratio of 57.43, a PEG ratio of 1.27 and a beta of 0.44. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80.
CoreSite Realty (NYSE:COR) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.64). CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. The business had revenue of $123.07 million for the quarter, compared to analyst estimates of $121.27 million. During the same quarter last year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. equities research analysts anticipate that CoreSite Realty Corp will post 4.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from CoreSite Realty’s previous quarterly dividend of $0.90. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.71%. CoreSite Realty’s payout ratio is currently 213.04%.
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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.
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