Teachers Retirement System of The State of Kentucky increased its position in CoreSite Realty Corp (NYSE:COR) by 299.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 70,552 shares of the real estate investment trust’s stock after acquiring an additional 52,897 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in CoreSite Realty were worth $8,036,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC purchased a new stake in CoreSite Realty in the 3rd quarter worth approximately $9,571,000. Copper Rock Capital Partners LLC lifted its position in CoreSite Realty by 47.7% in the 4th quarter. Copper Rock Capital Partners LLC now owns 72,787 shares of the real estate investment trust’s stock worth $8,315,000 after buying an additional 23,491 shares in the last quarter. Eagle Asset Management Inc. lifted its position in CoreSite Realty by 4.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 66,444 shares of the real estate investment trust’s stock worth $7,428,000 after buying an additional 2,771 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in CoreSite Realty in the 3rd quarter worth approximately $630,000. Finally, Oppenheimer Asset Management Inc. lifted its position in CoreSite Realty by 64.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,303 shares of the real estate investment trust’s stock worth $1,266,000 after buying an additional 4,428 shares in the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks reiterated a “buy” rating and issued a $121.00 target price on shares of CoreSite Realty in a research report on Friday, November 17th. Mitsubishi UFJ Financial Group assumed coverage on shares of CoreSite Realty in a research report on Wednesday, January 10th. They issued an “overweight” rating and a $124.00 target price for the company. Credit Suisse Group set a $111.00 target price on shares of CoreSite Realty and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Finally, Robert W. Baird set a $126.00 target price on shares of CoreSite Realty and gave the stock a “buy” rating in a research report on Saturday, March 10th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CoreSite Realty currently has an average rating of “Buy” and a consensus target price of $112.77.
In related news, SVP Steven James Smith sold 492 shares of CoreSite Realty stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $102.42, for a total value of $50,390.64. Following the transaction, the senior vice president now owns 36,101 shares in the company, valued at approximately $3,697,464.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey S. Finnin sold 10,396 shares of CoreSite Realty stock in a transaction on Monday, March 5th. The stock was sold at an average price of $93.30, for a total transaction of $969,946.80. Following the completion of the transaction, the chief financial officer now owns 84,827 shares in the company, valued at approximately $7,914,359.10. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 198,000 shares of company stock worth $64,780 and have sold 46,583 shares worth $4,620,060. 1.50% of the stock is currently owned by company insiders.
CoreSite Realty Corp (NYSE:COR) opened at $104.29 on Thursday. The firm has a market cap of $3,557.86, a price-to-earnings ratio of 56.68, a PEG ratio of 1.23 and a beta of 0.48. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.27 and a current ratio of 0.27. CoreSite Realty Corp has a twelve month low of $86.47 and a twelve month high of $120.85.
CoreSite Realty (NYSE:COR) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $125.95 million for the quarter, compared to the consensus estimate of $125.71 million. CoreSite Realty had a net margin of 15.54% and a return on equity of 16.77%. CoreSite Realty’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS. sell-side analysts forecast that CoreSite Realty Corp will post 5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.98 per share. The ex-dividend date is Wednesday, March 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.76%. CoreSite Realty’s dividend payout ratio is currently 213.04%.
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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.
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