Asset Management One Co. Ltd. lifted its holdings in shares of CoreSite Realty Corp (NYSE:COR) by 0.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 70,791 shares of the real estate investment trust’s stock after acquiring an additional 314 shares during the period. Asset Management One Co. Ltd. owned approximately 0.19% of CoreSite Realty worth $8,152,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in COR. BlackRock Inc. grew its holdings in CoreSite Realty by 0.8% during the second quarter. BlackRock Inc. now owns 3,907,508 shares of the real estate investment trust’s stock valued at $450,027,000 after purchasing an additional 30,895 shares during the period. JPMorgan Chase & Co. raised its holdings in CoreSite Realty by 21.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,519,234 shares of the real estate investment trust’s stock valued at $162,588,000 after buying an additional 264,542 shares during the last quarter. Renaissance Technologies LLC raised its holdings in CoreSite Realty by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,131,000 shares of the real estate investment trust’s stock valued at $130,257,000 after buying an additional 52,400 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in CoreSite Realty by 67.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 724,196 shares of the real estate investment trust’s stock worth $83,406,000 after purchasing an additional 292,526 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of CoreSite Realty by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 345,559 shares of the real estate investment trust’s stock worth $30,143,000 after buying an additional 24,276 shares during the period. 92.33% of the stock is owned by institutional investors.
Shares of NYSE COR traded up $1.12 during mid-day trading on Friday, reaching $118.53. 158,724 shares of the company’s stock were exchanged, compared to its average volume of 274,634. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 1.77 and a beta of 0.48. CoreSite Realty Corp has a 52 week low of $82.64 and a 52 week high of $122.45. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a 50-day moving average price of $117.24 and a two-hundred day moving average price of $114.07.
CoreSite Realty (NYSE:COR) last announced its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.75). CoreSite Realty had a net margin of 13.82% and a return on equity of 24.19%. The firm had revenue of $142.91 million during the quarter, compared to the consensus estimate of $142.85 million. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that CoreSite Realty Corp will post 5.09 EPS for the current fiscal year.
The firm also recently disclosed a — dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $1.22 per share. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 27th. CoreSite Realty’s payout ratio is 96.44%.
Several brokerages have recently commented on COR. Zacks Investment Research downgraded shares of CoreSite Realty from a “hold” rating to a “sell” rating in a research report on Monday, September 30th. Raymond James reduced their price objective on shares of CoreSite Realty from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Credit Suisse Group reduced their price objective on shares of CoreSite Realty from $111.00 to $103.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. BMO Capital Markets reaffirmed a “hold” rating and set a $112.00 price objective on shares of CoreSite Realty in a research report on Thursday, July 25th. Finally, Stifel Nicolaus set a $110.00 price objective on shares of CoreSite Realty and gave the stock a “hold” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $108.80.
In other CoreSite Realty news, SVP Brian Warren sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $108.56, for a total value of $217,120.00. Following the completion of the sale, the senior vice president now owns 24,406 shares in the company, valued at $2,649,515.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark R. Jones sold 750 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $107.79, for a total value of $80,842.50. Following the transaction, the chief accounting officer now owns 14,632 shares of the company’s stock, valued at approximately $1,577,183.28. The disclosure for this sale can be found here. Insiders have sold 806,504 shares of company stock valued at $89,305,107 in the last three months. 1.20% of the stock is owned by 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 1,350 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.
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