CoreSite Realty Corp (COR) Holdings Boosted by Jaguar Listed Property LLC
Jaguar Listed Property LLC grew its stake in shares of CoreSite Realty Corp (NYSE:COR) by 69.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,800 shares of the real estate investment trust’s stock after buying an additional 12,600 shares during the period. CoreSite Realty makes up 2.2% of Jaguar Listed Property LLC’s portfolio, making the stock its 22nd biggest position. Jaguar Listed Property LLC’s holdings in CoreSite Realty were worth $3,296,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Ontario Teachers Pension Plan Board acquired a new stake in shares of CoreSite Realty during the fourth quarter worth about $2,308,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in CoreSite Realty by 15.0% in the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,104 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 274 shares during the last quarter. Vanguard Group Inc raised its position in CoreSite Realty by 4.0% in the 3rd quarter. Vanguard Group Inc now owns 5,337,300 shares of the real estate investment trust’s stock valued at $593,187,000 after buying an additional 204,628 shares during the last quarter. Piedmont Investment Advisors Inc. raised its position in CoreSite Realty by 36.9% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 3,607 shares of the real estate investment trust’s stock valued at $315,000 after buying an additional 973 shares during the last quarter. Finally, Caxton Associates LP acquired a new stake in CoreSite Realty in the 4th quarter valued at approximately $225,000. Hedge funds and other institutional investors own 95.17% of the company’s stock.
NYSE:COR opened at $115.35 on Tuesday. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 1.71 and a beta of 0.73. CoreSite Realty Corp has a twelve month low of $82.64 and a twelve month high of $117.82. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 3.95.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $1.22 per share. This is a positive change from CoreSite Realty’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $4.88 annualized dividend and a dividend yield of 4.23%. CoreSite Realty’s payout ratio is 86.96%.
In other news, SVP Juan Font sold 287 shares of CoreSite Realty stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $103.80, for a total transaction of $29,790.60. Following the completion of the transaction, the senior vice president now directly owns 20,357 shares in the company, valued at approximately $2,113,056.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brian Warren sold 2,000 shares of CoreSite Realty stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $113.08, for a total value of $226,160.00. Following the transaction, the senior vice president now owns 25,306 shares of the company’s stock, valued at $2,861,602.48. The disclosure for this sale can be found here. Insiders have sold a total of 38,087 shares of company stock worth $3,907,077 in the last ninety days. Insiders own 1.20% of the company’s stock.
A number of equities research analysts recently issued reports on COR shares. Jefferies Financial Group reissued a “hold” rating and issued a $100.00 target price on shares of CoreSite Realty in a research report on Friday, February 8th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of CoreSite Realty in a research report on Thursday, February 7th. JPMorgan Chase & Co. lowered CoreSite Realty from a “neutral” rating to an “underweight” rating and set a $95.00 target price on the stock. in a research report on Monday, February 11th. Cowen reissued a “hold” rating and issued a $106.00 target price on shares of CoreSite Realty in a research report on Sunday, February 10th. Finally, Stifel Nicolaus set a $105.00 target price on CoreSite Realty and gave the company a “hold” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $109.91.
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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.
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