Bahl & Gaynor Inc. raised its holdings in shares of CoreSite Realty Corp (NYSE:COR) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,674 shares of the real estate investment trust’s stock after buying an additional 671 shares during the quarter. Bahl & Gaynor Inc. owned about 0.07% of CoreSite Realty worth $2,373,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in CoreSite Realty by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 519,837 shares of the real estate investment trust’s stock worth $52,119,000 after acquiring an additional 12,266 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in CoreSite Realty during the first quarter worth $310,000. Great West Life Assurance Co. Can raised its stake in CoreSite Realty by 2.7% during the first quarter. Great West Life Assurance Co. Can now owns 20,798 shares of the real estate investment trust’s stock worth $2,086,000 after acquiring an additional 556 shares in the last quarter. Franklin Resources Inc. raised its stake in CoreSite Realty by 5.1% during the first quarter. Franklin Resources Inc. now owns 489,176 shares of the real estate investment trust’s stock worth $49,045,000 after acquiring an additional 23,661 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in CoreSite Realty by 4.4% during the first quarter. JPMorgan Chase & Co. now owns 938,604 shares of the real estate investment trust’s stock worth $94,104,000 after acquiring an additional 39,674 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.
CoreSite Realty traded down $1.38, hitting $109.12, during mid-day trading on Friday, Marketbeat reports. The company had a trading volume of 11,217 shares, compared to its average volume of 281,057. CoreSite Realty Corp has a fifty-two week low of $89.76 and a fifty-two week high of $120.85. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 1.29 and a beta of 0.42.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be given a dividend of $1.03 per share. The ex-dividend date is Thursday, June 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.78%. This is a positive change from CoreSite Realty’s previous quarterly dividend of $0.98. CoreSite Realty’s dividend payout ratio (DPR) is currently 86.73%.
COR has been the topic of several research analyst reports. TheStreet upgraded CoreSite Realty from a “c+” rating to a “b-” rating in a report on Tuesday, May 15th. Credit Suisse Group increased their target price on CoreSite Realty from $107.00 to $112.00 and gave the stock a “hold” rating in a report on Friday, April 27th. Moffett Nathanson initiated coverage on CoreSite Realty in a report on Monday, April 9th. They set a “buy” rating and a $125.00 target price on the stock. KeyCorp upgraded CoreSite Realty from a “sector weight” rating to an “overweight” rating and increased their target price for the stock from $98.19 to $110.00 in a report on Monday, March 12th. Finally, Raymond James upgraded CoreSite Realty from a “market perform” rating to an “outperform” rating in a report on Monday, March 12th. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. CoreSite Realty currently has an average rating of “Buy” and an average price target of $115.54.
In related news, SVP Derek Mccandless sold 6,500 shares of CoreSite Realty stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $107.17, for a total value of $696,605.00. Following the sale, the senior vice president now owns 33,174 shares of the company’s stock, valued at approximately $3,555,257.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark R. Jones sold 600 shares of CoreSite Realty stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $107.60, for a total value of $64,560.00. Following the completion of the sale, the chief accounting officer now directly owns 16,821 shares in the company, valued at approximately $1,809,939.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,350 shares of company stock worth $1,832,860. 1.50% of the stock is currently owned by insiders.
CoreSite Realty Company 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 1,250 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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