WINTON GROUP Ltd Makes New Investment in CoreSite Realty Co. (NYSE:COR)

WINTON GROUP Ltd acquired a new stake in CoreSite Realty Co. (NYSE:COR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,430 shares of the real estate investment trust’s stock, valued at approximately $731,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp raised its stake in CoreSite Realty by 72.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 234 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 98 shares during the last quarter. Bbva USA acquired a new position in shares of CoreSite Realty in the second quarter valued at approximately $33,000. Concord Wealth Partners lifted its stake in shares of CoreSite Realty by 4,225.0% during the first quarter. Concord Wealth Partners now owns 519 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 507 shares during the period. TCTC Holdings LLC boosted its position in CoreSite Realty by 426.3% during the first quarter. TCTC Holdings LLC now owns 600 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 486 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in CoreSite Realty in the 2nd quarter worth approximately $117,000. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on COR. Credit Suisse Group raised their price objective on CoreSite Realty from $157.00 to $161.00 and gave the stock an “outperform” rating in a report on Friday, July 30th. Barclays raised their price target on CoreSite Realty from $118.00 to $123.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 25th. They noted that the move was a valuation call. Wells Fargo & Company upped their price objective on shares of CoreSite Realty from $120.00 to $130.00 and gave the company an “underweight” rating in a research note on Friday, July 30th. Zacks Investment Research cut shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of CoreSite Realty from $130.00 to $136.00 and gave the stock a “sector perform” rating in a research report on Monday, August 16th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, CoreSite Realty presently has a consensus rating of “Hold” and a consensus price target of $142.33.

CoreSite Realty stock opened at $149.59 on Friday. The firm has a fifty day moving average of $143.31 and a 200-day moving average of $130.44. CoreSite Realty Co. has a 52-week low of $107.23 and a 52-week high of $155.40. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 80.93. The firm has a market capitalization of $6.61 billion, a P/E ratio of 72.62, a PEG ratio of 1.26 and a beta of 0.28.

CoreSite Realty (NYSE:COR) last announced its quarterly earnings results on Thursday, July 29th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.76). CoreSite Realty had a net margin of 13.98% and a return on equity of 143.10%. On average, research analysts expect that CoreSite Realty Co. will post 5.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be issued a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Wednesday, September 29th. CoreSite Realty’s dividend payout ratio is presently 95.67%.

In other news, SVP Juan Font sold 600 shares of CoreSite Realty stock in a transaction dated Thursday, August 5th. The stock was sold at an average price of $139.11, for a total transaction of $83,466.00. Following the sale, the senior vice president now directly owns 25,971 shares of the company’s stock, valued at $3,612,825.81. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CRO Steven James Smith sold 5,435 shares of the firm’s stock in a transaction that occurred on Friday, July 30th. The shares were sold at an average price of $138.98, for a total value of $755,356.30. Following the sale, the executive now owns 51,541 shares of the company’s stock, valued at approximately $7,163,168.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,856 shares of company stock valued at $1,508,604. 1.40% of the stock is owned by company insiders.

CoreSite Realty Company Profile

CoreSite Realty Corp. is a real estate investment trust, which engages in the ownership, acquisition, construction and operation of strategically located data centers. The firm also offers collocation and interconnection solutions for networks, cloud services, and industry solutions. The company was founded in 2001 and is headquartered in Denver, CO.

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

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