Benjamin F. Edwards & Company Inc. increased its stake in shares of CoreSite Realty Corp (NYSE:COR) by 42.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 672 shares of the real estate investment trust’s stock after buying an additional 200 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in CoreSite Realty were worth $59,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Capital Advisors Ltd. LLC bought a new stake in CoreSite Realty during the third quarter worth $169,000. Jane Street Group LLC bought a new stake in CoreSite Realty during the third quarter worth $212,000. Sit Investment Associates Inc. grew its holdings in CoreSite Realty by 148.4% during the fourth quarter. Sit Investment Associates Inc. now owns 1,925 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 1,150 shares in the last quarter. American Century Companies Inc. bought a new stake in CoreSite Realty during the third quarter worth $228,000. Finally, Virtus Alternative Investment Advisers Inc. bought a new stake in CoreSite Realty during the third quarter worth $242,000. Institutional investors and hedge funds own 96.25% of the company’s stock.
In other CoreSite Realty news, SVP Steven James Smith sold 3,200 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $100.00, for a total value of $320,000.00. Following the completion of the transaction, the senior vice president now owns 44,736 shares in the company, valued at approximately $4,473,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.
CoreSite Realty (NYSE:COR) last announced its quarterly earnings data on Wednesday, February 6th. The real estate investment trust reported $1.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.26. The firm had revenue of $139.10 million during the quarter, compared to the consensus estimate of $139.89 million. CoreSite Realty had a return on equity of 20.97% and a net margin of 14.31%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. On average, equities analysts forecast that CoreSite Realty Corp will post 5.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date was Friday, December 28th. This is an increase from CoreSite Realty’s previous quarterly dividend of $1.03. CoreSite Realty’s dividend payout ratio is 86.96%.
Several equities research analysts recently issued reports on COR shares. BMO Capital Markets reiterated a “hold” rating and set a $111.00 price target on shares of CoreSite Realty in a report on Sunday, October 21st. Royal Bank of Canada downgraded CoreSite Realty from an “outperform” rating to a “sector perform” rating in a report on Friday, October 26th. TheStreet downgraded CoreSite Realty from a “b-” rating to a “c” rating in a report on Thursday, October 25th. Zacks Investment Research upgraded CoreSite Realty from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Finally, Citigroup set a $104.00 price target on CoreSite Realty and gave the stock a “hold” rating in a report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. CoreSite Realty presently has a consensus rating of “Hold” and a consensus price target of $112.86.
CoreSite Realty 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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