Copeland Capital Management LLC Has $9.48 Million Stake in CoreSite Realty Corp (NYSE:COR)

Copeland Capital Management LLC boosted its position in shares of CoreSite Realty Corp (NYSE:COR) by 1.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,790 shares of the real estate investment trust’s stock after buying an additional 1,381 shares during the period. Copeland Capital Management LLC owned approximately 0.21% of CoreSite Realty worth $9,479,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. BB&T Corp grew its stake in CoreSite Realty by 2.6% during the third quarter. BB&T Corp now owns 3,485 shares of the real estate investment trust’s stock worth $424,000 after buying an additional 88 shares in the last quarter. Zions Bancorporation N.A. grew its stake in CoreSite Realty by 5.7% during the second quarter. Zions Bancorporation N.A. now owns 1,686 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 91 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in CoreSite Realty by 1.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,790 shares of the real estate investment trust’s stock worth $782,000 after buying an additional 100 shares in the last quarter. BB&T Securities LLC grew its stake in CoreSite Realty by 4.7% during the second quarter. BB&T Securities LLC now owns 2,223 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 100 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of CoreSite Realty by 2.5% in the third quarter. Janney Montgomery Scott LLC now owns 6,726 shares of the real estate investment trust’s stock worth $820,000 after acquiring an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

A number of research analysts have recently commented 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. Credit Suisse Group dropped their target price on shares of CoreSite Realty from $111.00 to $103.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Raymond James increased their target price on shares of CoreSite Realty from $110.00 to $128.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. ValuEngine cut shares of CoreSite Realty from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Guggenheim set a $119.00 target price on shares of CoreSite Realty and gave the stock a “hold” rating in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $112.20.

In related news, CAO Mark R. Jones sold 750 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $120.30, for a total value of $90,225.00. Following the completion of the transaction, the chief accounting officer now owns 13,882 shares in the company, valued at approximately $1,670,004.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 completion of the transaction, the senior vice president now owns 26,945 shares of the company’s stock, valued at approximately $3,195,407.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,435 shares of company stock valued at $1,801,677. 1.20% of the stock is owned by company insiders.

Shares of NYSE COR opened at $113.83 on Tuesday. The company has a 50 day simple moving average of $119.20 and a 200 day simple moving average of $115.59. The firm has a market cap of $4.28 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 1.70 and a beta of 0.45. CoreSite Realty Corp has a 1 year low of $82.64 and a 1 year high of $123.68. The company has a debt-to-equity ratio of 5.67, a current ratio of 0.16 and a quick ratio of 0.16.

CoreSite Realty (NYSE:COR) last issued its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 13.48% and a return on equity of 26.30%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 EPS. As a group, research analysts anticipate that CoreSite Realty Corp will post 5.11 earnings per share for the current fiscal year.

The firm also recently disclosed a — dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.22 dividend. The ex-dividend date was Friday, September 27th. This represents a yield of 4.1%. CoreSite Realty’s dividend payout ratio (DPR) is presently 96.44%.

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.

Read More: What does the Dow Jones Industrial Average (DJIA) measure?

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

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.