Garrison Financial Corp lessened its stake in shares of CoreSite Realty Corp (NYSE:COR) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,090 shares of the real estate investment trust’s stock after selling 295 shares during the quarter. Garrison Financial Corp’s holdings in CoreSite Realty were worth $229,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in COR. Capital World Investors acquired a new stake in shares of CoreSite Realty during the third quarter worth $40,010,000. Aviva PLC boosted its holdings in shares of CoreSite Realty by 80.3% during the third quarter. Aviva PLC now owns 720,943 shares of the real estate investment trust’s stock worth $80,126,000 after purchasing an additional 321,008 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of CoreSite Realty by 4.0% during the third quarter. Vanguard Group Inc now owns 5,337,300 shares of the real estate investment trust’s stock worth $593,187,000 after purchasing an additional 204,628 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of CoreSite Realty by 4.0% during the third quarter. Vanguard Group Inc. now owns 5,337,300 shares of the real estate investment trust’s stock worth $593,187,000 after purchasing an additional 204,628 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of CoreSite Realty by 4.8% during the third quarter. BlackRock Inc. now owns 3,750,416 shares of the real estate investment trust’s stock worth $416,821,000 after purchasing an additional 173,253 shares during the last quarter. Hedge funds and other institutional investors own 96.25% of the company’s stock.
Shares of COR traded down $0.71 during trading hours on Tuesday, hitting $98.57. The stock had a trading volume of 36,784 shares, compared to its average volume of 365,839. The company has a current ratio of 0.15, a quick ratio of 0.21 and a debt-to-equity ratio of 3.38. The firm has a market capitalization of $3.63 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 1.35 and a beta of 0.72. CoreSite Realty Corp has a 12-month low of $82.64 and a 12-month high of $117.82.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were given a $1.10 dividend. This is a positive change from CoreSite Realty’s previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Friday, December 28th. CoreSite Realty’s dividend payout ratio (DPR) is 86.96%.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut CoreSite Realty from a “buy” rating to a “hold” rating in a report on Friday. Cowen restated a “hold” rating and set a $106.00 price objective on shares of CoreSite Realty in a report on Sunday. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of CoreSite Realty in a report on Thursday, February 7th. BMO Capital Markets restated a “hold” rating and set a $111.00 price objective on shares of CoreSite Realty in a report on Sunday, October 21st. Finally, Royal Bank of Canada cut CoreSite Realty from an “outperform” rating to a “sector perform” rating in a report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. CoreSite Realty presently has a consensus rating of “Hold” and a consensus target price of $112.86.
In related news, SVP Steven James Smith sold 3,200 shares of the stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $100.00, for a total value of $320,000.00. Following the transaction, the senior vice president now directly owns 44,736 shares of the company’s stock, valued at approximately $4,473,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock.
About CoreSite Realty
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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