Texas Permanent School Fund raised its stake in shares of CoreSite Realty Corporation (NYSE:COR) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,964 shares of the real estate investment trust’s stock after buying an additional 400 shares during the period. Texas Permanent School Fund’s holdings in CoreSite Realty Corporation were worth $2,585,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. IFP Advisors Inc raised its position in CoreSite Realty Corporation by 203.8% in the first quarter. IFP Advisors Inc now owns 1,188 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 797 shares during the period. US Bancorp DE raised its position in CoreSite Realty Corporation 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 buying an additional 75 shares during the period. LS Investment Advisors LLC raised its position in CoreSite Realty Corporation by 4.6% in the second quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 56 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in CoreSite Realty Corporation by 115.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 783 shares during the period. Finally, Creative Planning raised its position in CoreSite Realty Corporation by 129.2% in the first quarter. Creative Planning now owns 2,292 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 1,292 shares during the period.

Shares of CoreSite Realty Corporation (COR) opened at 107.73 on Wednesday. The firm’s 50-day moving average is $106.30 and its 200-day moving average is $96.39. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 61.99 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.

CoreSite Realty Corporation (NYSE:COR) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.02. The company had revenue of $117.89 million during the quarter, compared to analyst estimates of $117.32 million. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 EPS. On average, analysts predict that CoreSite Realty Corporation will post $1.82 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.90 per share. This is a positive change from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Wednesday, June 28th. CoreSite Realty Corporation’s payout ratio is presently 206.90%.

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Several equities analysts have recently weighed in on COR shares. Zacks Investment Research upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research report on Wednesday, June 28th. BidaskClub lowered shares of CoreSite Realty Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and set a $117.00 price objective on shares of CoreSite Realty Corporation in a research report on Wednesday, June 14th. Royal Bank Of Canada restated a “buy” rating and set a $110.00 price objective on shares of CoreSite Realty Corporation in a research report on Thursday, June 8th. Finally, Macquarie restated a “hold” rating and set a $84.00 price objective on shares of CoreSite Realty Corporation in a research report on Tuesday, July 4th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $98.00.

In other news, SVP Derek Mccandless sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total transaction of $1,107,400.00. Following the completion of the transaction, the senior vice president now directly owns 48,913 shares in the company, valued at approximately $5,416,625.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $885,920.00. Following the transaction, the chief financial officer now owns 110,493 shares of the company’s stock, valued at $12,235,994.82. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock valued at $3,048,120 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

CoreSite Realty Corporation Company 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 Corporation (NYSE:COR)

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