State of Alaska Department of Revenue Buys 3,055 Shares of CoreSite Realty Co. (NYSE:COR)


Share on StockTwits

State of Alaska Department of Revenue boosted its stake in shares of CoreSite Realty Co. (NYSE:COR) by 15.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,690 shares of the real estate investment trust’s stock after purchasing an additional 3,055 shares during the period. State of Alaska Department of Revenue’s holdings in CoreSite Realty were worth $2,841,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. NEXT Financial Group Inc bought a new position in CoreSite Realty during the 3rd quarter valued at approximately $31,000. CI Investments Inc. bought a new position in CoreSite Realty during the 3rd quarter valued at approximately $33,000. Column Capital Advisors LLC boosted its stake in CoreSite Realty by 103.7% during the 3rd quarter. Column Capital Advisors LLC now owns 387 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 197 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in CoreSite Realty by 49.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 834 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 275 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in CoreSite Realty during the 2nd quarter valued at $119,000. 95.16% of the stock is owned by institutional investors.

COR stock opened at $119.27 on Thursday. The company has a market cap of $5.10 billion, a P/E ratio of 59.34, a price-to-earnings-growth ratio of 1.01 and a beta of 0.23. The company has a debt-to-equity ratio of 16.41, a current ratio of 0.22 and a quick ratio of 0.22. The stock’s fifty day moving average price is $122.12 and its 200-day moving average price is $122.72. CoreSite Realty Co. has a 1 year low of $90.07 and a 1 year high of $131.36.

CoreSite Realty (NYSE:COR) last released its earnings results on Thursday, October 29th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.79). The company had revenue of $154.00 million for the quarter, compared to analysts’ expectations of $152.67 million. CoreSite Realty had a net margin of 13.19% and a return on equity of 51.47%. CoreSite Realty’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 earnings per share. As a group, analysts expect that CoreSite Realty Co. will post 5.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be given a dividend of $1.23 per share. The ex-dividend date is Wednesday, December 30th. This is an increase from CoreSite Realty’s previous quarterly dividend of $1.22. This represents a $4.92 annualized dividend and a yield of 4.13%. CoreSite Realty’s payout ratio is 96.47%.

COR has been the topic of several recent analyst reports. Wells Fargo & Company downgraded CoreSite Realty from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $120.00 to $115.00 in a research note on Thursday, December 10th. Credit Suisse Group upgraded CoreSite Realty from a “neutral” rating to an “outperform” rating and increased their target price for the company from $142.00 to $161.00 in a research note on Wednesday, January 6th. BidaskClub downgraded CoreSite Realty from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 7th. Zacks Investment Research downgraded CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Mizuho assumed coverage on CoreSite Realty in a research note on Wednesday, December 2nd. They set a “neutral” rating and a $135.00 target price on the stock. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $124.90.

In other CoreSite Realty news, CAO Mark R. Jones sold 750 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $122.25, for a total transaction of $91,687.50. Following the sale, the chief accounting officer now directly owns 12,621 shares of the company’s stock, valued at $1,542,917.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Brian Warren sold 4,950 shares of the firm’s stock in a transaction dated Friday, November 20th. The shares were sold at an average price of $127.03, for a total value of $628,798.50. Following the sale, the senior vice president now directly owns 26,964 shares in the company, valued at $3,425,236.92. The disclosure for this sale can be found here. Insiders have sold 13,066 shares of company stock worth $1,612,364 over the last quarter. 1.50% of the stock is owned by company insiders.

About CoreSite Realty

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center, cloud 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.

See Also: How is a buy-side analyst different from a sell-side analyst?

Want to see what other hedge funds are holding COR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreSite Realty Co. (NYSE:COR).

Institutional Ownership by Quarter for CoreSite Realty (NYSE:COR)

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.