Dimensional Fund Advisors LP boosted its holdings in CoreSite Realty Corp (NYSE:COR) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 546,769 shares of the real estate investment trust’s stock after acquiring an additional 19,319 shares during the period. Dimensional Fund Advisors LP’s holdings in CoreSite Realty were worth $47,695,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. TIAA CREF Investment Management LLC grew its stake in CoreSite Realty by 8.1% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 137,251 shares of the real estate investment trust’s stock valued at $15,254,000 after acquiring an additional 10,301 shares during the last quarter. Bank of New York Mellon Corp grew its stake in CoreSite Realty by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 420,091 shares of the real estate investment trust’s stock valued at $46,689,000 after acquiring an additional 17,414 shares during the last quarter. Campbell Newman Asset Management Inc. grew its stake in CoreSite Realty by 11.5% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 6,195 shares of the real estate investment trust’s stock valued at $540,000 after acquiring an additional 639 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in CoreSite Realty in the 4th quarter valued at about $2,308,000. Finally, Landsberg Bennett & Dubbaneh LLC acquired a new stake in CoreSite Realty in the 4th quarter valued at about $1,341,000. 94.87% of the stock is currently owned by hedge funds and other institutional investors.
COR has been the topic of a number of research reports. Zacks Investment Research raised shares of CoreSite Realty from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Thursday, January 3rd. Credit Suisse Group set a $111.00 price objective on shares of CoreSite Realty and gave the company a “hold” rating in a research note on Thursday, December 20th. Jefferies Financial Group cut shares of CoreSite Realty from a “buy” rating to a “hold” rating and lowered their price objective for the company from $107.00 to $102.00 in a research note on Monday, December 10th. Cowen reissued a “hold” rating and issued a $106.00 price objective on shares of CoreSite Realty in a research note on Sunday, February 10th. Finally, Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of CoreSite Realty in a research note on Thursday, February 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $112.00.
NYSE:COR opened at $107.75 on Tuesday. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.47 and a beta of 0.74. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.15 and a current ratio of 0.15. CoreSite Realty Corp has a 12-month low of $82.64 and a 12-month high of $117.82.
CoreSite Realty (NYSE:COR) last released its earnings results on Wednesday, February 6th. The real estate investment trust reported $1.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.26. The company had revenue of $139.10 million for the quarter, compared to analyst estimates of $139.89 million. CoreSite Realty had a net margin of 14.31% and a return on equity of 20.97%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. Analysts forecast that CoreSite Realty Corp will post 5.27 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $4.40 dividend on an annualized basis and a yield of 4.08%. CoreSite Realty’s dividend payout ratio (DPR) is 86.96%.
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CoreSite Realty Company Profile
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center 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.
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