Zions Bancorporation purchased a new stake in CoreSite Realty Corporation (NYSE:COR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,517 shares of the real estate investment trust’s stock, valued at approximately $170,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of COR. Aperio Group LLC grew its position in CoreSite Realty by 3.1% in the second quarter. Aperio Group LLC now owns 11,577 shares of the real estate investment trust’s stock valued at $1,199,000 after acquiring an additional 353 shares in the last quarter. US Bancorp DE grew its position in CoreSite Realty by 6.7% in the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 75 shares in the last quarter. Great West Life Assurance Co. Can grew its position in CoreSite Realty by 4.2% in the second quarter. Great West Life Assurance Co. Can now owns 49,346 shares of the real estate investment trust’s stock valued at $5,108,000 after acquiring an additional 2,010 shares in the last quarter. Daiwa Securities Group Inc. grew its position in CoreSite Realty by 19.2% in the second quarter. Daiwa Securities Group Inc. now owns 3,100 shares of the real estate investment trust’s stock valued at $321,000 after acquiring an additional 500 shares in the last quarter. Finally, World Asset Management Inc acquired a new stake in CoreSite Realty in the second quarter valued at approximately $265,000. Hedge funds and other institutional investors own 98.91% of the company’s stock.

In related news, CFO Jeffrey S. Finnin sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.39, for a total transaction of $875,120.00. Following the transaction, the chief financial officer now directly owns 98,562 shares in the company, valued at $10,781,697.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Derek Mccandless sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.37, for a total value of $546,850.00. Following the transaction, the senior vice president now owns 36,613 shares in the company, valued at $4,004,363.81. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Several brokerages have issued reports on COR. ValuEngine raised shares of CoreSite Realty from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. KeyCorp reaffirmed a “hold” rating on shares of CoreSite Realty in a research report on Thursday, October 12th. BidaskClub raised shares of CoreSite Realty from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of CoreSite Realty from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Wednesday, September 27th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $121.00 price objective on shares of CoreSite Realty in a research report on Friday, November 17th. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CoreSite Realty currently has an average rating of “Buy” and a consensus target price of $109.55.

Shares of CoreSite Realty Corporation (COR) opened at $115.58 on Wednesday. CoreSite Realty Corporation has a 1 year low of $75.25 and a 1 year high of $120.85. The firm has a market cap of $3,969.62, a P/E ratio of 26.41, a PEG ratio of 1.52 and a beta of 0.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.29.

CoreSite Realty (NYSE:COR) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.64). CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. The firm had revenue of $123.07 million for the quarter, compared to the consensus estimate of $121.27 million. During the same quarter last year, the business earned $0.90 earnings per share. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. research analysts expect that CoreSite Realty Corporation will post 4.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.98 per share. The ex-dividend date is Thursday, December 28th. 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 3.39%. CoreSite Realty’s dividend payout ratio (DPR) is 195.65%.

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

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