Schroder Investment Management Group Has $528,000 Holdings in CoreSite Realty Corp (COR)
Schroder Investment Management Group raised its stake in CoreSite Realty Corp (NYSE:COR) by 163.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,804 shares of the real estate investment trust’s stock after buying an additional 2,979 shares during the period. Schroder Investment Management Group’s holdings in CoreSite Realty were worth $528,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC purchased a new stake in shares of CoreSite Realty during the third quarter valued at approximately $32,098,000. Goldman Sachs Group Inc. grew its holdings in CoreSite Realty by 53.3% during the second quarter. Goldman Sachs Group Inc. now owns 507,385 shares of the real estate investment trust’s stock valued at $52,529,000 after purchasing an additional 176,489 shares during the period. Principal Financial Group Inc. grew its holdings in CoreSite Realty by 44.9% during the second quarter. Principal Financial Group Inc. now owns 536,724 shares of the real estate investment trust’s stock valued at $55,567,000 after purchasing an additional 166,193 shares during the period. Renaissance Technologies LLC grew its holdings in CoreSite Realty by 45.6% during the second quarter. Renaissance Technologies LLC now owns 358,900 shares of the real estate investment trust’s stock valued at $37,157,000 after purchasing an additional 112,400 shares during the period. Finally, Land & Buildings Investment Management LLC bought a new position in CoreSite Realty during the third quarter valued at $11,391,000. Institutional investors own 98.91% of the company’s stock.
A number of research firms have recently commented on COR. BidaskClub raised CoreSite Realty from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. KeyCorp reaffirmed a “hold” rating on shares of CoreSite Realty in a report on Tuesday, September 12th. William Blair began coverage on CoreSite Realty in a report on Friday, September 22nd. They issued an “outperform” rating for the company. J P Morgan Chase & Co began coverage on CoreSite Realty in a report on Monday, September 25th. They issued a “neutral” rating and a $118.00 price target for the company. Finally, Zacks Investment Research raised CoreSite Realty from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a report on Wednesday, September 27th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. CoreSite Realty presently has an average rating of “Buy” and an average target price of $109.55.
Shares of CoreSite Realty Corp (NYSE COR) opened at $118.13 on Monday. CoreSite Realty Corp has a 12-month low of $76.96 and a 12-month high of $120.85. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $4,045.01, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.55 and a beta of 0.44.
CoreSite Realty (NYSE:COR) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.64). CoreSite Realty had a net margin of 15.21% and a return on equity of 15.35%. The firm had revenue of $123.07 million for the quarter, compared to analysts’ expectations of $121.27 million. During the same quarter in the previous year, the business earned $0.90 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. equities research analysts forecast that CoreSite Realty Corp will post 4.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a dividend of $0.98 per share. This is an increase from CoreSite Realty’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.92 dividend on an annualized basis and a yield of 3.32%. CoreSite Realty’s dividend payout ratio (DPR) is presently 195.65%.
In other news, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $109.39, for a total value of $875,120.00. Following the transaction, the chief financial officer now owns 98,562 shares in the company, valued at $10,781,697.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Derek Mccandless sold 5,000 shares of CoreSite Realty stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $109.37, for a total value of $546,850.00. Following the completion of the transaction, the senior vice president now 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 currently owned by insiders.
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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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