KCS Wealth Advisory bought a new stake in CoreSite Realty Corp (NYSE:COR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,522 shares of the real estate investment trust’s stock, valued at approximately $376,000. KCS Wealth Advisory owned approximately 0.05% of CoreSite Realty as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Atlantic Trust Group LLC acquired a new position in CoreSite Realty during the 3rd quarter worth about $35,764,000. Fisher Asset Management LLC acquired a new position in CoreSite Realty during the 3rd quarter worth about $32,098,000. Goldman Sachs Group Inc. lifted its position in CoreSite Realty by 53.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 507,385 shares of the real estate investment trust’s stock worth $52,529,000 after buying an additional 176,489 shares in the last quarter. Payden & Rygel lifted its position in CoreSite Realty by 3,343.6% during the 3rd quarter. Payden & Rygel now owns 134,300 shares of the real estate investment trust’s stock worth $15,028,000 after buying an additional 130,400 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in CoreSite Realty by 45.6% during the 2nd quarter. Renaissance Technologies LLC now owns 358,900 shares of the real estate investment trust’s stock worth $37,157,000 after buying an additional 112,400 shares in the last quarter. Institutional investors own 98.05% of the company’s stock.
Shares of CoreSite Realty Corp (NYSE:COR) traded down $0.44 during trading hours on Friday, reaching $104.44. The company’s stock had a trading volume of 234,841 shares, compared to its average volume of 343,137. The company has a market cap of $3,576.23, a PE ratio of 56.76, a P/E/G ratio of 1.22 and a beta of 0.33. CoreSite Realty Corp has a 12-month low of $83.82 and a 12-month high of $120.85. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.29.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a dividend of $0.98 per share. This is a boost from CoreSite Realty’s previous quarterly dividend of $0.90. This represents a $3.92 annualized dividend and a yield of 3.75%. The ex-dividend date was Thursday, December 28th. CoreSite Realty’s payout ratio is currently 213.04%.
Several research analysts recently issued reports on COR shares. Citigroup upped their price target on shares of CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Credit Suisse Group set a $111.00 price target on shares of CoreSite Realty and gave the stock a “hold” rating in a research report on Friday, October 27th. SunTrust Banks reiterated a “buy” rating and set a $133.00 price target on shares of CoreSite Realty in a research report on Thursday, December 7th. Zacks Investment Research downgraded shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, ValuEngine upgraded shares of CoreSite Realty from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $110.75.
In other CoreSite Realty news, SVP Steven James Smith sold 2,261 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $106.72, for a total transaction of $241,293.92. Following the completion of the sale, the senior vice president now directly owns 42,915 shares of the company’s stock, valued at approximately $4,579,888.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have acquired 150,000 shares of company stock valued at $55,000 and have sold 12,533 shares valued at $1,379,689. Insiders own 1.50% of the company’s stock.
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CoreSite Realty 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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