Avalon Advisors LLC grew its position in shares of CoreSite Realty Corp (NYSE:COR) by 60.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,768 shares of the real estate investment trust’s stock after buying an additional 10,877 shares during the quarter. Avalon Advisors LLC’s holdings in CoreSite Realty were worth $2,885,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the business. Thrivent Financial For Lutherans lifted its position in shares of CoreSite Realty by 2.8% during the fourth quarter. Thrivent Financial For Lutherans now owns 27,123 shares of the real estate investment trust’s stock worth $3,089,000 after purchasing an additional 727 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in shares of CoreSite Realty during the fourth quarter worth approximately $462,000. Franklin Resources Inc. lifted its position in shares of CoreSite Realty by 2.7% during the fourth quarter. Franklin Resources Inc. now owns 465,515 shares of the real estate investment trust’s stock worth $53,022,000 after purchasing an additional 12,345 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of CoreSite Realty by 5.2% during the fourth quarter. California Public Employees Retirement System now owns 81,338 shares of the real estate investment trust’s stock worth $9,264,000 after purchasing an additional 4,009 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of CoreSite Realty during the fourth quarter worth approximately $259,000. 97.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE COR opened at $110.55 on Friday. CoreSite Realty Corp has a fifty-two week low of $89.76 and a fifty-two week high of $120.85. The company has a market capitalization of $3.76 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 1.28 and a beta of 0.42. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.45.
CoreSite Realty (NYSE:COR) last announced its quarterly earnings data on Thursday, April 26th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.64). CoreSite Realty had a net margin of 15.46% and a return on equity of 17.91%. The business had revenue of $129.60 million during the quarter, compared to analyst estimates of $129.43 million. During the same quarter in the prior year, the company earned $1.13 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. research analysts predict that CoreSite Realty Corp will post 5.04 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be issued a $1.03 dividend. This is a positive change from CoreSite Realty’s previous quarterly dividend of $0.98. This represents a $4.12 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, June 28th. CoreSite Realty’s dividend payout ratio is currently 86.73%.
A number of equities analysts have recently issued reports on the stock. TheStreet upgraded shares of CoreSite Realty from a “c+” rating to a “b-” rating in a research report on Tuesday, May 15th. Credit Suisse Group upped their target price on shares of CoreSite Realty from $107.00 to $112.00 and gave the stock a “hold” rating in a research report on Friday, April 27th. Moffett Nathanson assumed coverage on shares of CoreSite Realty in a research report on Monday, April 9th. They set a “buy” rating and a $125.00 target price on the stock. Raymond James upgraded shares of CoreSite Realty from a “market perform” rating to an “outperform” rating in a research report on Monday, March 12th. Finally, UBS Group upgraded shares of CoreSite Realty from a “market perform” rating to an “outperform” rating in a research report on Monday, March 12th. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $115.54.
In other CoreSite Realty news, CFO Jeffrey S. Finnin sold 8,000 shares of the stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $104.65, for a total value of $837,200.00. Following the sale, the chief financial officer now directly owns 81,137 shares in the company, valued at $8,490,987.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Mark R. Jones sold 600 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $107.60, for a total transaction of $64,560.00. Following the completion of the sale, the chief accounting officer now owns 16,821 shares in the company, valued at $1,809,939.60. The disclosure for this sale can be found here. Insiders sold 17,350 shares of company stock worth $1,832,860 over the last 90 days. 1.50% of the stock is currently owned by company insiders.
CoreSite Realty Company Profile
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,250 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.
Want to see what other hedge funds are holding COR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreSite Realty Corp (NYSE:COR).
Receive News & Ratings for CoreSite Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty and related companies with MarketBeat.com's FREE daily email newsletter.