UBS Asset Management Americas Inc. boosted its stake in CoreSite Realty Corp. (NYSE:COR) by 39.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,491 shares of the real estate investment trust’s stock after buying an additional 6,980 shares during the period. UBS Asset Management Americas Inc. owned about 0.07% of CoreSite Realty Corp. worth $2,172,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in CoreSite Realty Corp. by 18.0% in the first quarter. BlackRock Inc. now owns 2,056 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 314 shares during the period. BlackRock Japan Co. Ltd raised its stake in CoreSite Realty Corp. by 18.0% in the first quarter. BlackRock Japan Co. Ltd now owns 2,270 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 346 shares during the period. Shelton Capital Management purchased a new stake in CoreSite Realty Corp. during the second quarter valued at approximately $228,000. Shinko Asset Management Co. Ltd. raised its stake in CoreSite Realty Corp. by 88.6% in the second quarter. Shinko Asset Management Co. Ltd. now owns 2,640 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 1,240 shares during the period. Finally, Garrison Financial Corp purchased a new stake in CoreSite Realty Corp. during the second quarter valued at approximately $239,000. Institutional investors own 95.19% of the company’s stock.
CoreSite Realty Corp. (NYSE:COR) traded up 0.24% on Friday, reaching $72.12. The company’s stock had a trading volume of 376,037 shares. The stock has a market capitalization of $2.31 billion, a P/E ratio of 53.98 and a beta of 0.81. The firm has a 50 day moving average price of $77.29 and a 200 day moving average price of $78.34. CoreSite Realty Corp. has a 52 week low of $53.97 and a 52 week high of $91.91.
CoreSite Realty Corp. (NYSE:COR) last posted its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.03. CoreSite Realty Corp. had a net margin of 12.52% and a return on equity of 9.02%. The company earned $96.10 million during the quarter, compared to the consensus estimate of $96.09 million. During the same period last year, the firm earned $0.68 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, equities analysts anticipate that CoreSite Realty Corp. will post $3.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.94%. CoreSite Realty Corp.’s payout ratio is 160.61%.
A number of equities research analysts have recently issued reports on COR shares. SunTrust Banks Inc. started coverage on CoreSite Realty Corp. in a research report on Thursday, July 21st. They issued a “buy” rating and a $100.00 price target for the company. Zacks Investment Research lowered CoreSite Realty Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th. Raymond James Financial Inc. started coverage on CoreSite Realty Corp. in a research report on Friday. They issued a “market perform” rating for the company. Jefferies Group restated a “buy” rating on shares of CoreSite Realty Corp. in a research report on Tuesday, September 6th. Finally, Citigroup Inc. upped their price target on CoreSite Realty Corp. from $75.00 to $88.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $77.06.
In related news, Director Paul E. Szurek purchased 1,000 shares of CoreSite Realty Corp. stock in a transaction dated Tuesday, August 16th. The stock was bought at an average cost of $81.20 per share, for a total transaction of $81,200.00. Following the transaction, the director now owns 6,000 shares in the company, valued at $487,200. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas M. Ray sold 21,179 shares of CoreSite Realty Corp. stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $81.57, for a total transaction of $1,727,571.03. Following the sale, the insider now owns 391,186 shares of the company’s stock, valued at $31,909,042.02. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
CoreSite Realty Corp. Company Profile
CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust (REIT). Through its controlling interest in CoreSite, L.P. (Operating Partnership), the Company 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 (including Washington DC), New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.
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