Charter Trust Co. Sells 131 Shares of CoreSite Realty Corporation (NYSE:COR)

Charter Trust Co. cut its stake in shares of CoreSite Realty Corporation (NYSE:COR) by 1.5% during the second quarter, Holdings Channel reports. The institutional investor owned 8,758 shares of the real estate investment trust’s stock after selling 131 shares during the period. Charter Trust Co.’s holdings in CoreSite Realty Corporation were worth $907,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of COR. IFP Advisors Inc boosted its position in CoreSite Realty Corporation by 203.8% in the first quarter. IFP Advisors Inc now owns 1,188 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 797 shares in the last quarter. Creative Planning boosted its position in CoreSite Realty Corporation by 129.2% in the first quarter. Creative Planning now owns 2,292 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 1,292 shares in the last quarter. Pitcairn Co. purchased a new position in CoreSite Realty Corporation during the first quarter valued at about $216,000. Everence Capital Management Inc. purchased a new position in CoreSite Realty Corporation during the first quarter valued at about $221,000. Finally, Jane Street Group LLC purchased a new position in CoreSite Realty Corporation during the first quarter valued at about $233,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

CoreSite Realty Corporation (COR) traded up 0.54% during midday trading on Monday, hitting $103.63. 419,110 shares of the stock were exchanged. The stock has a market cap of $3.54 billion, a P/E ratio of 62.81 and a beta of 0.57. CoreSite Realty Corporation has a one year low of $64.81 and a one year high of $113.55. The firm has a 50-day moving average price of $104.83 and a 200-day moving average price of $92.00.

CoreSite Realty Corporation (NYSE:COR) last released its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.06. The business had revenue of $114.92 million during the quarter, compared to the consensus estimate of $114.48 million. CoreSite Realty Corporation had a return on equity of 13.09% and a net margin of 15.08%. The business’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 EPS. On average, equities research analysts anticipate that CoreSite Realty Corporation will post $1.77 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Wednesday, June 28th. This is a boost from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. CoreSite Realty Corporation’s dividend payout ratio (DPR) is currently 218.18%.

ILLEGAL ACTIVITY WARNING: This news story was first published by WKRB News and is the property of of WKRB News. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://www.wkrb13.com/markets/2286153/charter-trust-co-sells-131-shares-of-coresite-realty-corporation-nysecor.html.

Several equities analysts recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of CoreSite Realty Corporation in a research note on Friday, June 30th. They issued a “neutral” rating and a $103.00 target price for the company. BidaskClub lowered shares of CoreSite Realty Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 28th. Wells Fargo & Company started coverage on shares of CoreSite Realty Corporation in a report on Wednesday, May 17th. They issued a “market perform” rating and a $94.00 price target for the company. Citigroup Inc. lowered shares of CoreSite Realty Corporation from a “buy” rating to a “neutral” rating and set a $103.00 price target for the company. in a report on Wednesday, May 3rd. Finally, Macquarie started coverage on shares of CoreSite Realty Corporation in a report on Thursday, April 6th. They issued a “neutral” rating and a $84.00 price target for the company. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $97.45.

In related news, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $105.48, for a total transaction of $1,054,800.00. Following the completion of the sale, the senior vice president now owns 49,713 shares in the company, valued at approximately $5,243,727.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Steven James Smith sold 1,152 shares of CoreSite Realty Corporation stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $100.00, for a total value of $115,200.00. Following the sale, the senior vice president now owns 53,888 shares of the company’s stock, valued at approximately $5,388,800. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,152 shares of company stock valued at $2,150,000. 3.10% of the stock is currently owned by company insiders.

About CoreSite Realty Corporation

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.

Want to see what other hedge funds are holding COR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreSite Realty Corporation (NYSE:COR).

Institutional Ownership by Quarter for CoreSite Realty Corporation (NYSE:COR)

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2286153/charter-trust-co-sells-131-shares-of-coresite-realty-corporation-nysecor.html

Receive News & Ratings for CoreSite Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.