Man Group plc trimmed its holdings in shares of CoreSite Realty Corp (NYSE:COR) by 85.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,200 shares of the real estate investment trust’s stock after selling 120,326 shares during the quarter. Man Group plc owned about 0.06% of CoreSite Realty worth $2,245,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in COR. Bridgeworth LLC bought a new position in shares of CoreSite Realty during the second quarter worth $166,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of CoreSite Realty during the second quarter worth $166,000. Capital Advisors Ltd. LLC bought a new position in shares of CoreSite Realty during the third quarter worth $169,000. Qube Research & Technologies Ltd bought a new position in shares of CoreSite Realty during the second quarter worth $208,000. Finally, Jane Street Group LLC bought a new position in shares of CoreSite Realty during the third quarter worth $212,000. Institutional investors own 94.39% of the company’s stock.
Several research firms recently commented on COR. 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 report on Thursday, January 3rd. Credit Suisse Group set a $111.00 price target on shares of CoreSite Realty and gave the company a “hold” rating in a research note on Thursday, December 20th. Jefferies Financial Group lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating and lowered their price target for the company from $107.00 to $102.00 in a research note on Monday, December 10th. Citigroup set a $104.00 price target on shares of CoreSite Realty and gave the company a “hold” rating in a research note on Monday, November 5th. Finally, TheStreet lowered shares of CoreSite Realty from a “b-” rating to a “c” rating in a research note on Thursday, October 25th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $114.46.
COR opened at $93.20 on Friday. The firm has a market cap of $3.41 billion, a PE ratio of 20.62, a PEG ratio of 1.24 and a beta of 0.68. CoreSite Realty Corp has a twelve month low of $82.64 and a twelve month high of $117.82. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 2.95.
CoreSite Realty (NYSE:COR) last issued its earnings results on Thursday, October 25th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.72). CoreSite Realty had a return on equity of 20.18% and a net margin of 14.91%. The company had revenue of $139.18 million for the quarter, compared to the consensus estimate of $138.10 million. As a group, research analysts anticipate that CoreSite Realty Corp will post 5.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.72%. This is a positive change from CoreSite Realty’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, December 28th. CoreSite Realty’s dividend payout ratio (DPR) is 97.35%.
In related news, SVP Brian Warren sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $96.35, for a total transaction of $96,350.00. Following the completion of the sale, the senior vice president now owns 25,803 shares in the company, valued at $2,486,119.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Steven James Smith sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of $100.00, for a total transaction of $320,000.00. Following the sale, the senior vice president now owns 44,736 shares of the company’s stock, valued at approximately $4,473,600. The disclosure for this sale can be found here. Insiders sold 4,800 shares of company stock worth $473,524 over the last ninety days. Insiders own 1.50% of the company’s stock.
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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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