Robeco Institutional Asset Management B.V. Has $5.69 Million Position in CoreSite Realty Corporation (COR)
Robeco Institutional Asset Management B.V. lowered its stake in shares of CoreSite Realty Corporation (NYSE:COR) by 16.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,000 shares of the real estate investment trust’s stock after selling 11,000 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.16% of CoreSite Realty Corporation worth $5,694,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new position in shares of CoreSite Realty Corporation during the second quarter valued at about $103,000. Bridge City Capital LLC purchased a new position in shares of CoreSite Realty Corporation during the second quarter valued at about $999,000. Aviva PLC increased its position in shares of CoreSite Realty Corporation by 92.9% in the second quarter. Aviva PLC now owns 156,307 shares of the real estate investment trust’s stock valued at $16,186,000 after buying an additional 75,297 shares during the period. Federated Investors Inc. PA increased its position in shares of CoreSite Realty Corporation by 20.1% in the second quarter. Federated Investors Inc. PA now owns 65,315 shares of the real estate investment trust’s stock valued at $6,762,000 after buying an additional 10,913 shares during the period. Finally, Boston Private Wealth LLC purchased a new position in shares of CoreSite Realty Corporation during the second quarter valued at about $1,046,000. 98.47% of the stock is owned by institutional investors.
Shares of CoreSite Realty Corporation (NYSE:COR) opened at 118.12 on Friday. The firm has a 50-day moving average of $109.91 and a 200 day moving average of $100.12. The company has a market capitalization of $4.04 billion, a PE ratio of 67.96 and a beta of 0.56. CoreSite Realty Corporation has a 12 month low of $64.81 and a 12 month high of $120.85.
CoreSite Realty Corporation (NYSE:COR) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.02. The business had revenue of $117.89 million for the quarter, compared to analysts’ expectations of $117.32 million. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The firm’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 earnings per share. On average, equities research analysts expect that CoreSite Realty Corporation will post $1.84 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 28th. CoreSite Realty Corporation’s dividend payout ratio is 206.90%.
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Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of CoreSite Realty Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. Zacks Investment Research raised shares of CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 price target for the company in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $119.00 price objective on shares of CoreSite Realty Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CoreSite Realty Corporation in a report on Tuesday, July 18th. Finally, Macquarie reaffirmed a “hold” rating and issued a $84.00 price objective on shares of CoreSite Realty Corporation in a report on Tuesday, July 4th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. CoreSite Realty Corporation has an average rating of “Hold” and a consensus price target of $98.00.
In related news, CFO Jeffrey S. Finnin sold 8,000 shares of the firm’s stock in a transaction dated 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 owns 110,493 shares in the company, valued at $12,235,994.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Derek Mccandless sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total value of $1,107,400.00. Following the completion of the transaction, the senior vice president now owns 48,913 shares in the company, valued at approximately $5,416,625.62. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.
CoreSite Realty Corporation 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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