Great West Life Assurance Co. Can raised its position in CoreSite Realty Corporation (NYSE:COR) by 4.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 49,346 shares of the real estate investment trust’s stock after buying an additional 2,010 shares during the period. Great West Life Assurance Co. Can owned about 0.14% of CoreSite Realty Corporation worth $5,108,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Miles Capital Inc. boosted its position in CoreSite Realty Corporation by 0.3% in the first quarter. Miles Capital Inc. now owns 2,767 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 8 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of CoreSite Realty Corporation by 4.6% in the second quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 56 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of CoreSite Realty Corporation by 1.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,289 shares of the real estate investment trust’s stock valued at $476,000 after buying an additional 75 shares during the period. US Bancorp DE boosted its stake in shares of CoreSite Realty Corporation by 6.7% in the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 75 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of CoreSite Realty Corporation by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 7,740 shares of the real estate investment trust’s stock valued at $697,000 after buying an additional 80 shares during the period.
CoreSite Realty Corporation (NYSE COR) opened at 109.81 on Tuesday. The stock has a 50 day moving average price of $105.79 and a 200 day moving average price of $97.46. The stock has a market capitalization of $3.76 billion, a PE ratio of 63.18 and a beta of 0.57. CoreSite Realty Corporation has a 52 week low of $64.81 and a 52 week high of $113.55.
CoreSite Realty Corporation (NYSE:COR) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.02. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The business had revenue of $117.89 million during the quarter, compared to the consensus estimate of $117.32 million. During the same period in the previous year, the business earned $0.89 EPS. The business’s quarterly revenue was up 22.7% on a year-over-year basis. Equities analysts forecast that CoreSite Realty Corporation will post $1.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.90 per share. The ex-dividend date was Wednesday, June 28th. This is an increase from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 3.28%. CoreSite Realty Corporation’s dividend payout ratio is currently 206.90%.
COPYRIGHT VIOLATION NOTICE: “CoreSite Realty Corporation (NYSE:COR) Shares Bought by Great West Life Assurance Co. Can” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/15/coresite-realty-corporation-nysecor-shares-bought-by-great-west-life-assurance-co-can.html.
Several brokerages have recently issued reports on COR. BidaskClub cut CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 price target on the stock in a report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and set a $119.00 price target on shares of CoreSite Realty Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating on shares of CoreSite Realty Corporation in a report on Tuesday, July 18th. Finally, Macquarie restated a “hold” rating and set a $84.00 price target on shares of CoreSite Realty Corporation in a report on Tuesday, July 4th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $98.00.
In other news, SVP Derek Mccandless sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $105.48, for a total transaction of $1,054,800.00. Following the completion of the transaction, the senior vice president now directly owns 49,713 shares of the company’s stock, valued at approximately $5,243,727.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $885,920.00. Following the transaction, the chief financial officer now directly owns 110,493 shares of the company’s stock, valued at $12,235,994.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,000 shares of company stock valued at $3,048,120. 3.10% of the stock is owned by company insiders.
About CoreSite Realty Corporation
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.
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 Corporation (NYSE:COR).
Receive News & Ratings for CoreSite Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
