OxFORD Asset Management LLP lifted its holdings in CoreSite Realty Corporation (NYSE:COR) by 139.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,884 shares of the real estate investment trust’s stock after purchasing an additional 15,638 shares during the quarter. OxFORD Asset Management LLP owned 0.08% of CoreSite Realty worth $2,996,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Wells Fargo & Company MN grew its holdings in shares of CoreSite Realty by 4.3% in the third quarter. Wells Fargo & Company MN now owns 1,702,550 shares of the real estate investment trust’s stock valued at $190,516,000 after purchasing an additional 70,274 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of CoreSite Realty by 5.7% in the second quarter. JPMorgan Chase & Co. now owns 876,830 shares of the real estate investment trust’s stock valued at $90,778,000 after purchasing an additional 47,340 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of CoreSite Realty by 44.9% in the second quarter. Principal Financial Group Inc. now owns 536,724 shares of the real estate investment trust’s stock valued at $55,567,000 after purchasing an additional 166,193 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of CoreSite Realty by 53.3% in the second quarter. Goldman Sachs Group Inc. now owns 507,385 shares of the real estate investment trust’s stock valued at $52,529,000 after purchasing an additional 176,489 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of CoreSite Realty by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 499,857 shares of the real estate investment trust’s stock valued at $55,932,000 after purchasing an additional 22,342 shares in the last quarter. 98.91% of the stock is owned by hedge funds and other institutional investors.
COR has been the subject of a number of recent research reports. Credit Suisse Group set a $111.00 target price on shares of CoreSite Realty and gave the company a “hold” rating in a report on Friday, October 27th. BidaskClub raised shares of CoreSite Realty from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. J P Morgan Chase & Co began coverage on shares of CoreSite Realty in a research note on Monday, September 25th. They set a “neutral” rating and a $118.00 price objective for the company. Citigroup lifted their price objective on shares of CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, William Blair began coverage on shares of CoreSite Realty in a research note on Friday, September 22nd. They set an “outperform” rating for the company. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. CoreSite Realty has a consensus rating of “Buy” and an average target price of $109.55.
In other news, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $109.39, for a total transaction of $875,120.00. Following the completion of the sale, the chief financial officer now directly owns 98,562 shares of the company’s stock, valued at $10,781,697.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul E. Szurek sold 3,805 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $117.48, for a total transaction of $447,011.40. Following the sale, the chief executive officer now directly owns 93,405 shares of the company’s stock, valued at $10,973,219.40. The disclosure for this sale can be found here. Insiders have sold 16,805 shares of company stock valued at $1,868,981 over the last three months. Insiders own 1.50% of the company’s stock.
CoreSite Realty Corporation (NYSE:COR) opened at $115.46 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $3,953.58, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 1.52 and a beta of 0.44. CoreSite Realty Corporation has a one year low of $74.65 and a one year high of $120.85.
CoreSite Realty (NYSE:COR) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.64). The firm had revenue of $123.07 million for the quarter, compared to analysts’ expectations of $121.27 million. CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 earnings per share. equities analysts anticipate that CoreSite Realty Corporation will post 4.48 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.98 per share. This is a positive change from CoreSite Realty’s previous quarterly dividend of $0.90. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, December 28th. CoreSite Realty’s payout ratio is currently 195.65%.
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CoreSite Realty Company Profile
CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust. The Company, through its controlling interest in CoreSite, L.P., is engaged in the business of ownership, acquisition, construction and operation of data centers across a range of markets in the United States, including the Northern Virginia, New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.
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