Brookstone Capital Management increased its position in shares of CoreSite Realty Corp (NYSE:COR) by 9.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,674 shares of the real estate investment trust’s stock after acquiring an additional 412 shares during the period. Brookstone Capital Management’s holdings in CoreSite Realty were worth $570,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of COR. Nordea Investment Management AB raised its holdings in CoreSite Realty by 5.5% during the first quarter. Nordea Investment Management AB now owns 44,897 shares of the real estate investment trust’s stock worth $4,805,000 after purchasing an additional 2,325 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in CoreSite Realty during the second quarter valued at about $4,537,000. Retirement Systems of Alabama grew its position in CoreSite Realty by 0.4% during the second quarter. Retirement Systems of Alabama now owns 47,993 shares of the real estate investment trust’s stock valued at $5,527,000 after acquiring an additional 206 shares during the period. Zions Bancorporation N.A. grew its position in CoreSite Realty by 5.7% during the second quarter. Zions Bancorporation N.A. now owns 1,686 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 91 shares during the period. Finally, Naples Global Advisors LLC purchased a new stake in CoreSite Realty during the second quarter valued at about $403,000. 92.70% of the stock is owned by hedge funds and other institutional investors.
In other news, CAO Mark R. Jones sold 750 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.79, for a total value of $80,842.50. Following the completion of the sale, the chief accounting officer now owns 14,632 shares of the company’s stock, valued at $1,577,183.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brian Warren sold 2,000 shares of the company’s stock in a transaction dated 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 directly owns 24,406 shares of the company’s stock, valued at approximately $2,649,515.36. The disclosure for this sale can be found here. Insiders sold 806,504 shares of company stock valued at $89,305,107 in the last ninety days. Company insiders own 1.20% of the company’s stock.
Shares of NYSE COR opened at $121.23 on Monday. CoreSite Realty Corp has a 1-year low of $82.64 and a 1-year high of $122.45. The business has a 50-day moving average of $118.02 and a 200-day moving average of $114.52. 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 company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.82 and a beta of 0.48.
CoreSite Realty (NYSE:COR) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.75). CoreSite Realty had a return on equity of 24.19% and a net margin of 13.82%. The company had revenue of $142.91 million during the quarter, compared to analysts’ expectations of $142.85 million. During the same period in the previous year, the company earned $1.28 EPS. CoreSite Realty’s quarterly revenue was up 4.7% on a year-over-year basis. Research analysts expect that CoreSite Realty Corp will post 5.09 EPS for the current fiscal year.
The business also recently announced a — dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.22 dividend. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, September 27th. CoreSite Realty’s payout ratio is 96.44%.
A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded CoreSite Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th. Raymond James lowered their price target on CoreSite Realty from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Stifel Nicolaus set a $110.00 price target on CoreSite Realty and gave the company a “hold” rating in a research report on Friday, July 26th. ValuEngine downgraded CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, BMO Capital Markets reissued a “hold” rating and set a $112.00 price target on shares of CoreSite Realty in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. CoreSite Realty currently has an average rating of “Hold” and a consensus price target of $108.80.
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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