Crossmark Global Holdings Inc. reduced its holdings in shares of CoreSite Realty Corp (NYSE:COR) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,355 shares of the real estate investment trust’s stock after selling 106 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CoreSite Realty were worth $409,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new stake in shares of CoreSite Realty in the second quarter valued at approximately $51,000. Destination Wealth Management bought a new stake in CoreSite Realty during the 2nd quarter worth approximately $103,000. Huntington National Bank increased its holdings in CoreSite Realty by 201.7% during the 2nd quarter. Huntington National Bank now owns 1,255 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 839 shares during the period. Stonebridge Capital Advisors LLC bought a new stake in CoreSite Realty during the 2nd quarter worth approximately $161,000. Finally, Zions Bancorporation N.A. increased its holdings in CoreSite Realty by 5.7% during the 2nd quarter. Zions Bancorporation N.A. now owns 1,686 shares of the real estate investment trust’s stock worth $194,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 93.00% of the company’s stock.
COR traded down $0.18 during trading on Friday, hitting $113.63. 538,923 shares of the stock traded hands, compared to its average volume of 287,363. The company has a debt-to-equity ratio of 5.67, a current ratio of 0.16 and a quick ratio of 0.18. The firm has a 50-day moving average of $119.42 and a 200 day moving average of $115.54. The firm has a market capitalization of $4.38 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 1.74 and a beta of 0.45. CoreSite Realty Corp has a 12-month low of $82.64 and a 12-month high of $123.68.
CoreSite Realty (NYSE:COR) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.78). The business had revenue of $144.90 million during the quarter, compared to the consensus estimate of $145.19 million. CoreSite Realty had a return on equity of 26.30% and a net margin of 13.48%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 earnings per share. As a group, equities analysts predict that CoreSite Realty Corp will post 5.11 EPS for the current fiscal year.
The business also recently declared a — dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.22 per share. This represents a dividend yield of 4.1%. The ex-dividend date was Friday, September 27th. CoreSite Realty’s payout ratio is presently 96.44%.
A number of analysts recently weighed in on COR shares. Stifel Nicolaus set a $110.00 target price on shares of CoreSite Realty and gave the stock a “hold” rating in a report on Friday, July 26th. BMO Capital Markets reissued a “hold” rating and issued a $112.00 price target on shares of CoreSite Realty in a research note on Thursday, July 25th. ValuEngine cut shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Guggenheim set a $119.00 price target on shares of CoreSite Realty and gave the stock a “hold” rating in a research note on Thursday, September 12th. Finally, Zacks Investment Research cut shares of CoreSite Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. CoreSite Realty presently has an average rating of “Hold” and an average price target of $112.20.
In other CoreSite Realty news, SVP Brian Warren sold 10,931 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $118.59, for a total transaction of $1,296,307.29. Following the sale, the senior vice president now owns 26,945 shares in the company, valued at approximately $3,195,407.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Paul E. Szurek sold 3,590 shares of CoreSite Realty stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $110.26, for a total transaction of $395,833.40. Following the sale, the chief executive officer now owns 174,714 shares in the company, valued at approximately $19,263,965.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,435 shares of company stock worth $1,801,677. Insiders own 1.20% of the company’s stock.
About CoreSite Realty
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.
Receive News & Ratings for CoreSite Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty and related companies with MarketBeat.com's FREE daily email newsletter.