Oppenheimer Asset Management Inc. acquired a new stake in CoreSite Realty Corporation (NYSE:COR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,614 shares of the real estate investment trust’s stock, valued at approximately $325,000.

Several other hedge funds have also recently modified their holdings of COR. BlackRock Inc. raised its stake in shares of CoreSite Realty Corporation by 143,427.7% in the first quarter. BlackRock Inc. now owns 4,401,994 shares of the real estate investment trust’s stock valued at $396,400,000 after buying an additional 4,398,927 shares during the last quarter. Capital Growth Management LP raised its stake in shares of CoreSite Realty Corporation by 345.5% in the first quarter. Capital Growth Management LP now owns 490,000 shares of the real estate investment trust’s stock valued at $44,124,000 after buying an additional 380,000 shares during the last quarter. Norges Bank bought a new stake in CoreSite Realty Corporation during the fourth quarter valued at about $26,679,000. JPMorgan Chase & Co. raised its stake in CoreSite Realty Corporation by 34.7% in the first quarter. JPMorgan Chase & Co. now owns 829,490 shares of the real estate investment trust’s stock valued at $74,695,000 after buying an additional 213,872 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in CoreSite Realty Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,510,182 shares of the real estate investment trust’s stock valued at $496,191,000 after buying an additional 198,067 shares in the last quarter.

Shares of CoreSite Realty Corporation (NYSE COR) traded down 0.95% on Friday, reaching $108.02. The company had a trading volume of 298,642 shares. The stock has a market capitalization of $3.70 billion, a P/E ratio of 62.15 and a beta of 0.57. CoreSite Realty Corporation has a 1-year low of $64.81 and a 1-year high of $113.55. The company’s 50 day moving average price is $106.14 and its 200-day moving average price is $96.11.

CoreSite Realty Corporation (NYSE:COR) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.02. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. The business had revenue of $117.89 million for the quarter, compared to the consensus estimate of $117.32 million. During the same quarter last year, the firm posted $0.89 EPS. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. Equities analysts predict that CoreSite Realty Corporation will post $1.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Wednesday, June 28th. This is an increase from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. CoreSite Realty Corporation’s dividend payout ratio (DPR) is currently 206.90%.

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Several research firms have issued reports on COR. BidaskClub raised CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research upgraded CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 price objective on the stock in a research report on Monday. Jefferies Group LLC restated a “buy” rating and issued a $119.00 price objective on shares of CoreSite Realty Corporation in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating on shares of CoreSite Realty Corporation in a research report on Tuesday, July 18th. Finally, Macquarie reiterated a “hold” rating and issued a $84.00 target price on shares of CoreSite Realty Corporation in a research report on Tuesday, July 4th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $98.00.

In other news, SVP Derek Mccandless sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $105.48, for a total value of $1,054,800.00. Following the transaction, the senior vice president now owns 49,713 shares of the company’s stock, valued at approximately $5,243,727.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total transaction of $885,920.00. Following the sale, the chief financial officer now directly owns 110,493 shares of the company’s stock, valued at $12,235,994.82. The disclosure for this sale can be found here. In the last three months, insiders sold 28,000 shares of company stock worth $3,048,120. Insiders own 3.10% of the company’s stock.

About CoreSite Realty Corporation

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.

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

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