Bank of New York Mellon Corp lifted its position in shares of CoreSite Realty Corp (NYSE:COR) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 402,677 shares of the real estate investment trust’s stock after buying an additional 5,499 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.17% of CoreSite Realty worth $44,624,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in shares of CoreSite Realty by 107.7% during the 1st quarter. Assetmark Inc. now owns 1,302 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 675 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of CoreSite Realty during the 1st quarter worth $131,000. Oakbrook Investments LLC acquired a new position in shares of CoreSite Realty during the 2nd quarter worth $202,000. Jane Street Group LLC acquired a new position in shares of CoreSite Realty during the 1st quarter worth $211,000. Finally, Brookstone Capital Management acquired a new position in shares of CoreSite Realty during the 2nd quarter worth $215,000. 96.71% of the stock is owned by institutional investors and hedge funds.

CoreSite Realty stock opened at $114.88 on Wednesday. The stock has a market cap of $4.01 billion, a P/E ratio of 25.42, a P/E/G ratio of 1.49 and a beta of 0.27. CoreSite Realty Corp has a 52 week low of $89.76 and a 52 week high of $119.99. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.23 and a quick ratio of 0.23.

CoreSite Realty (NYSE:COR) last posted its quarterly earnings data on Thursday, July 26th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.67). The company had revenue of $136.40 million for the quarter, compared to analysts’ expectations of $132.99 million. CoreSite Realty had a return on equity of 19.09% and a net margin of 15.23%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. sell-side analysts forecast that CoreSite Realty Corp will post 5.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Thursday, September 27th. CoreSite Realty’s dividend payout ratio is presently 91.15%.

COR has been the subject of several research reports. Zacks Investment Research raised CoreSite Realty from a “sell” rating to a “hold” rating in a research note on Friday, July 27th. Royal Bank of Canada lifted their price target on CoreSite Realty to $123.00 and gave the stock an “average” rating in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Citigroup lifted their price target on CoreSite Realty from $105.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, July 30th. Credit Suisse Group set a $112.00 price target on CoreSite Realty and gave the stock a “hold” rating in a research note on Saturday, July 28th. Finally, BMO Capital Markets started coverage on CoreSite Realty in a research note on Tuesday, July 17th. They set a “market perform” rating and a $119.00 price target for the company. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. CoreSite Realty has an average rating of “Buy” and an average price target of $119.00.

In other CoreSite Realty news, SVP Brian Warren sold 10,000 shares of CoreSite Realty stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $115.11, for a total value of $1,151,100.00. Following the completion of the sale, the senior vice president now owns 26,623 shares in the company, valued at approximately $3,064,573.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Realty Iii Gp L.L.C. Carlyle sold 2,250,000 shares of CoreSite Realty stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $111.91, for a total value of $251,797,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,261,600 shares of company stock valued at $253,130,856. 1.50% of the stock is currently owned by company 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 1,350 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.

See Also: Fiduciary

Institutional Ownership by Quarter for CoreSite Realty (NYSE:COR)

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