The New Mexico Educational Retirement Board Maintains Position in CoreSite Realty Corp (COR)

The New Mexico Educational Retirement Board Maintains Position in CoreSite Realty Corp (COR)

Other large investors have also recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of CoreSite Realty Corp by 390.5% in the third quarter. Wells Fargo & Company MN now owns 1,494,457 shares of the real estate investment trust’s stock valued at $110,649,000 after buying an additional 1,189,797 shares during the last quarter. Garrison Financial Corp raised its position in shares of CoreSite Realty Corp by 14.9% in the third quarter. Garrison Financial Corp now owns 3,090 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 400 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of CoreSite Realty Corp by 50.9% in the third quarter. Public Employees Retirement Association of Colorado now owns 371,504 shares of the real estate investment trust’s stock valued at $27,506,000 after buying an additional 125,304 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of CoreSite Realty Corp by 8.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 996,027 shares of the real estate investment trust’s stock valued at $73,746,000 after buying an additional 80,264 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its position in shares of CoreSite Realty Corp by 11.1% in the third quarter. State of Tennessee Treasury Department now owns 27,043 shares of the real estate investment trust’s stock valued at $2,002,000 after buying an additional 2,710 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

New Mexico Educational Retirement Board held its stake in shares of CoreSite Realty Corp (NYSE:COR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,730 shares of the real estate investment trust’s stock at the end of the first quarter. New Mexico Educational Retirement Board’s holdings in CoreSite Realty Corp were worth $426,000 at the end of the most recent quarter.

CoreSite Realty Corp (COR) opened at 106.62 on Monday. CoreSite Realty Corp has a 12-month low of $64.81 and a 12-month high of $107.36. The stock has a 50 day moving average of $98.67 and a 200 day moving average of $86.96. The stock has a market cap of $3.58 billion, a P/E ratio of 64.62 and a beta of 0.66.

CoreSite Realty Corp (NYSE:COR) last released its earnings results on Thursday, April 27th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.06. The business had revenue of $114.92 million for the quarter, compared to analyst estimates of $114.48 million. CoreSite Realty Corp had a return on equity of 11.45% and a net margin of 14.14%. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. On average, equities research analysts anticipate that CoreSite Realty Corp will post $1.77 earnings per share for the current fiscal year. The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Wednesday, June 28th. This is a positive change from CoreSite Realty Corp’s previous quarterly dividend of $0.80. CoreSite Realty Corp’s dividend payout ratio is currently 207.79%.

A number of research firms have weighed in on COR. Wells Fargo & Co began coverage on shares of CoreSite Realty Corp in a research note on Wednesday, May 17th. They set a “market perform” rating and a $94.00 price objective for the company. Zacks Investment Research upgraded shares of CoreSite Realty Corp from a “sell” rating to a “hold” rating in a research note on Monday, February 13th. Citigroup Inc lowered shares of CoreSite Realty Corp from a “buy” rating to a “neutral” rating and set a $103.00 price target for the company. in a research note on Wednesday, May 3rd. Macquarie initiated coverage on shares of CoreSite Realty Corp in a research note on Thursday, April 6th. They issued a “neutral” rating and a $84.00 price target for the company. Finally, Guggenheim downgraded shares of CoreSite Realty Corp from a “buy” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a report on Tuesday, February 7th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $87.60. In other news, SVP Steven James Smith sold 2,000 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the sale, the senior vice president now directly owns 55,040 shares in the company, valued at $5,228,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey S. Finnin sold 14,900 shares of the stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $88.27, for a total value of $1,315,223.00. Following the transaction, the chief financial officer now owns 133,993 shares in the company, valued at $11,827,562.11. The disclosure for this sale can be found here. Insiders have sold 58,950 shares of company stock worth $5,484,140 in the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “COR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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