Aperio Group LLC boosted its position in CoreSite Realty Corp (NYSE:COR) by 8.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,006 shares of the real estate investment trust’s stock after acquiring an additional 1,393 shares during the period. Aperio Group LLC’s holdings in CoreSite Realty were worth $1,890,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Bridgeworth LLC purchased a new stake in shares of CoreSite Realty in the 2nd quarter worth about $166,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of CoreSite Realty in the 2nd quarter worth about $166,000. Zions Bancorporation purchased a new stake in shares of CoreSite Realty in the 2nd quarter worth about $180,000. Oakbrook Investments LLC purchased a new stake in shares of CoreSite Realty in the 2nd quarter worth about $202,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of CoreSite Realty in the 2nd quarter worth about $208,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE COR opened at $95.99 on Friday. CoreSite Realty Corp has a 1 year low of $88.37 and a 1 year high of $119.59. The stock has a market cap of $3.57 billion, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 1.23 and a beta of 0.55. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.21 and a quick ratio of 0.21.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $4.12 dividend on an annualized basis and a yield of 4.29%. CoreSite Realty’s dividend payout ratio (DPR) is currently 91.15%.
COR has been the subject of several research analyst reports. Royal Bank of Canada raised their target price on shares of CoreSite Realty to $123.00 and gave the stock an “average” rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Berenberg Bank initiated coverage on shares of CoreSite Realty in a research report on Thursday, September 20th. They issued a “buy” rating and a $153.00 target price for the company. Cowen reaffirmed a “buy” rating and issued a $115.00 target price on shares of CoreSite Realty in a research report on Friday, July 27th. TheStreet cut shares of CoreSite Realty from a “b-” rating to a “c” rating in a research report on Thursday, October 25th. Finally, Credit Suisse Group set a $112.00 price target on shares of CoreSite Realty and gave the company a “hold” rating in a research report on Sunday, August 5th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $119.15.
In other CoreSite Realty news, insider Mark R. Jones sold 600 shares of CoreSite Realty stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $95.29, for a total value of $57,174.00. Following the completion of the transaction, the insider now directly owns 15,621 shares of the company’s stock, valued at $1,488,525.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Paul E. Szurek sold 3,588 shares of CoreSite Realty stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $114.15, for a total transaction of $409,570.20. Following the completion of the transaction, the chief executive officer now directly owns 147,075 shares of the company’s stock, valued at $16,788,611.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,350 shares of company stock valued at $580,721. 1.50% of the stock is currently owned by corporate insiders.
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CoreSite Realty 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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