New York State Common Retirement Fund lessened its stake in CoreSite Realty Corp (NYSE:COR) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,378 shares of the real estate investment trust’s stock after selling 5,224 shares during the quarter. New York State Common Retirement Fund owned 0.24% of CoreSite Realty worth $8,259,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in COR. BlackRock Inc. grew its position in CoreSite Realty by 6.2% in the fourth quarter. BlackRock Inc. now owns 3,362,411 shares of the real estate investment trust’s stock worth $382,978,000 after acquiring an additional 196,323 shares in the last quarter. Wells Fargo & Company MN grew its position in CoreSite Realty by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,768,110 shares of the real estate investment trust’s stock worth $201,387,000 after acquiring an additional 65,560 shares in the last quarter. JPMorgan Chase & Co. grew its position in CoreSite Realty by 4.4% in the first quarter. JPMorgan Chase & Co. now owns 938,604 shares of the real estate investment trust’s stock worth $94,104,000 after acquiring an additional 39,674 shares in the last quarter. Franklin Resources Inc. grew its position in CoreSite Realty by 5.1% in the first quarter. Franklin Resources Inc. now owns 489,176 shares of the real estate investment trust’s stock worth $49,045,000 after acquiring an additional 23,661 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in CoreSite Realty by 16.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 343,317 shares of the real estate investment trust’s stock worth $39,103,000 after acquiring an additional 49,687 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.
In related news, CAO Mark R. Jones sold 600 shares of the company’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $107.60, for a total transaction of $64,560.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,821 shares in the company, valued at approximately $1,809,939.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Juan Font sold 1,250 shares of the stock in a transaction on Thursday, May 3rd. The shares were sold at an average price of $103.98, for a total transaction of $129,975.00. Following the completion of the transaction, the senior vice president now owns 19,777 shares of the company’s stock, valued at approximately $2,056,412.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,350 shares of company stock valued at $1,832,860. Corporate insiders own 1.50% of the company’s stock.
CoreSite Realty traded down $1.38, hitting $109.12, during trading hours on Friday, MarketBeat Ratings reports. 369,512 shares of the company traded hands, compared to its average volume of 283,866. The stock has a market cap of $3.81 billion, a P/E ratio of 24.14, a PEG ratio of 1.30 and a beta of 0.42. CoreSite Realty Corp has a twelve month low of $89.76 and a twelve month high of $120.85. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.25 and a quick ratio of 0.25.
CoreSite Realty (NYSE:COR) last released its earnings results on Thursday, April 26th. The real estate investment trust reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.64). The company had revenue of $129.60 million for the quarter, compared to analyst estimates of $129.43 million. CoreSite Realty had a net margin of 15.46% and a return on equity of 17.91%. CoreSite Realty’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 earnings per share. equities research analysts anticipate that CoreSite Realty Corp will post 5.04 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be paid a dividend of $1.03 per share. This is a boost from CoreSite Realty’s previous quarterly dividend of $0.98. This represents a $4.12 annualized dividend and a yield of 3.78%. The ex-dividend date is Thursday, June 28th. CoreSite Realty’s dividend payout ratio is presently 86.73%.
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 1,250 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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