Credit Agricole S A Has $143,000 Position in CoreSite Realty Corp (COR)
Credit Agricole S A held its stake in CoreSite Realty Corp (NYSE:COR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,800 shares of the real estate investment trust’s stock at the end of the fourth quarter. Credit Agricole S A’s holdings in CoreSite Realty Corp were worth $143,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Macquarie Group Ltd. acquired a new stake in CoreSite Realty Corp during the second quarter valued at $15,506,000. Eagle Asset Management Inc. increased its position in shares of CoreSite Realty Corp by 45.5% in the third quarter. Eagle Asset Management Inc. now owns 57,753 shares of the real estate investment trust’s stock valued at $4,276,000 after buying an additional 18,068 shares during the period. Capstone Asset Management Co. increased its position in shares of CoreSite Realty Corp by 3.8% in the third quarter. Capstone Asset Management Co. now owns 13,473 shares of the real estate investment trust’s stock valued at $998,000 after buying an additional 490 shares during the period. Torch Wealth Management LLC increased its position in shares of CoreSite Realty Corp by 0.9% in the third quarter. Torch Wealth Management LLC now owns 22,500 shares of the real estate investment trust’s stock valued at $1,666,000 after buying an additional 200 shares during the period. Finally, Duff & Phelps Investment Management Co. increased its position in shares of CoreSite Realty Corp by 17.9% in the third quarter. Duff & Phelps Investment Management Co. now owns 516,188 shares of the real estate investment trust’s stock valued at $38,219,000 after buying an additional 78,388 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.
Shares of CoreSite Realty Corp (NYSE:COR) traded down 1.1494% during mid-day trading on Friday, hitting $93.0975. 179,643 shares of the stock were exchanged. The stock’s 50-day moving average price is $89.76 and its 200-day moving average price is $81.28. CoreSite Realty Corp has a 52-week low of $64.81 and a 52-week high of $94.48. The company has a market cap of $3.11 billion, a P/E ratio of 60.4529 and a beta of 0.66.
CoreSite Realty Corp (NYSE:COR) last posted its quarterly earnings results on Thursday, February 9th. The real estate investment trust reported $1.06 EPS for the quarter, beating the consensus estimate of $0.98 by $0.08. The company earned $110.50 million during the quarter, compared to analysts’ expectations of $107.37 million. CoreSite Realty Corp had a return on equity of 11.45% and a net margin of 14.14%. The firm’s revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. Equities research analysts anticipate that CoreSite Realty Corp will post $1.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, March 29th. CoreSite Realty Corp’s payout ratio is currently 207.79%.
Several brokerages recently issued reports on COR. Macquarie began coverage on shares of CoreSite Realty Corp in a research report on Thursday, April 6th. They set a “neutral” rating and a $84.00 price target on the stock. Guggenheim cut shares of CoreSite Realty Corp from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research report on Tuesday, February 7th. Finally, Zacks Investment Research upgraded shares of CoreSite Realty Corp from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Thursday, February 23rd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $85.22.
In other CoreSite Realty Corp news, SVP Steven James Smith sold 699 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $89.34, for a total value of $62,448.66. Following the transaction, the senior vice president now directly owns 48,274 shares of the company’s stock, valued at approximately $4,312,799.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey S. Finnin sold 23,925 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $89.77, for a total value of $2,147,747.25. Following the completion of the transaction, the chief financial officer now directly owns 99,444 shares in the company, valued at $8,927,087.88. The disclosure for this sale can be found here. Insiders have sold a total of 71,093 shares of company stock valued at $6,318,845 in the last quarter. Company 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. 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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