Eagle Asset Management Inc. increased its holdings in CoreSite Realty Corporation (NYSE:COR) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,444 shares of the real estate investment trust’s stock after purchasing an additional 2,771 shares during the quarter. Eagle Asset Management Inc. owned 0.19% of CoreSite Realty worth $7,428,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. US Bancorp DE boosted its stake in shares of CoreSite Realty by 6.7% during the 2nd quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 75 shares in the last quarter. LS Investment Advisors LLC lifted its position in CoreSite Realty by 4.6% during the 2nd quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 56 shares during the period. IFP Advisors Inc lifted its position in CoreSite Realty by 14.6% during the 2nd quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 174 shares during the period. Schroder Investment Management Group purchased a new position in CoreSite Realty during the 2nd quarter valued at about $188,000. Finally, Park Avenue Securities LLC purchased a new position in CoreSite Realty during the 3rd quarter valued at about $207,000. Institutional investors own 98.91% of the company’s stock.
In related news, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty stock in a transaction 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 of the company’s stock, valued at approximately $10,781,697.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Derek Mccandless sold 5,000 shares of CoreSite Realty stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.37, for a total transaction of $546,850.00. Following the sale, the senior vice president now directly owns 36,613 shares in the company, valued at approximately $4,004,363.81. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.
Shares of CoreSite Realty Corporation (COR) opened at $115.58 on Wednesday. The firm has a market cap of $3,969.62, a PE ratio of 26.41, a PEG ratio of 1.52 and a beta of 0.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.29. CoreSite Realty Corporation has a 1-year low of $75.25 and a 1-year high of $120.85.
CoreSite Realty (NYSE:COR) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share (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 analysts’ expectations of $121.27 million. During the same period in the prior year, the business posted $0.90 earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. sell-side analysts predict that CoreSite Realty Corporation will post 4.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 3.39%. This is a positive change from CoreSite Realty’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, December 28th. CoreSite Realty’s payout ratio is 195.65%.
Several research analysts have recently weighed in on the stock. SunTrust Banks restated a “buy” rating and set a $133.00 target price on shares of CoreSite Realty in a research report on Thursday, December 7th. ValuEngine lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Credit Suisse Group set a $111.00 price target on shares of CoreSite Realty and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Citigroup upped their target price on shares of CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $109.55.
TRADEMARK VIOLATION NOTICE: This story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/12/13/coresite-realty-corporation-cor-holdings-lifted-by-eagle-asset-management-inc.html.
CoreSite Realty 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.
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.