First Trust Advisors LP increased its stake in CoreSite Realty Corp.by 28.6% in the fourth quarter. Swiss National Bank increased its stake in CoreSite Realty Corp.by 11.1% in the fourth quarter. That is compared with the $0.69 in earnings per share it reported during the same period past year. Capital Fund Management S.A. now owns 25,329 shares of the real estate investment trust’s stock worth $675,000 after buying an additional 16,285 shares in the last quarter. In addition, the Company held ownership interests in 31 suburban buildings totaling 4.9 million square feet in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey. Fox Benjamin N sold 2,174 company shares for $143000.03, in a transaction on 2016-06-24. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. The disclosure for this sale can be found here. (NYSE:KIM) opened at 32.10 on Monday. The firm has a 50 day moving average price of $85.58 and a 200-day moving average price of $72.95.
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The stock has experienced a total of 4 insider trades in the past three months.
Earnings Roundup: In the last fiscal quarter alone, Realty Income Corporation generated around $271.04M in revenue and net income of $0.7/share. During the same quarter a year ago, the firm posted $0.68 EPS. Dijkum now expects that the brokerage will earn $0.39 per share for the quarter, up from their previous estimate of $0.38. For the prior quarter revenue for the company hit $267.12M, with earnings at $0.68/share.
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. The ex-dividend date of this dividend is Monday, October 3rd. Its down 1.12, from 2.18 in 2015Q4.
Several other equities research analysts have also recently weighed in on DRE.
Coresite Realty Corp (NYSE:COR) yesterday was the subject of a new research report issued by Stifel Nicolaus in which it was reiterated as “Sell” by analysts at the firm.
Shares of CoreSite Realty Corp.
The broker said it has now set a “Sell” rating on shares of Realty Income with a price target of 60. In the research note, the firm Raises the price-target to $47.00 per share.
For an overview on Recommendation Trends, 5 Analysts assigned the stock as Strong Buy. The company now has an average rating of “Hold” and an average target price of $29.41.
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SL Green Realty Corp., an S&P 500 company and New York City’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. The Service operations segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures.
