Stratos Wealth Partners LTD. purchased a new stake in shares of CoreSite Realty Corporation (NYSE:COR) during the second quarter, Holdings Channel reports. The firm purchased 2,557 shares of the real estate investment trust’s stock, valued at approximately $265,000.

Other institutional investors have also recently modified their holdings of the company. DUPONT CAPITAL MANAGEMENT Corp raised its position in shares of CoreSite Realty Corporation by 758.9% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 78,000 shares of the real estate investment trust’s stock valued at $7,024,000 after buying an additional 68,919 shares during the period. Whittier Trust Co. raised its position in shares of CoreSite Realty Corporation by 5.2% in the first quarter. Whittier Trust Co. now owns 37,361 shares of the real estate investment trust’s stock valued at $3,364,000 after buying an additional 1,856 shares during the period. IFP Advisors Inc raised its position in shares of 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. Glen Harbor Capital Management LLC raised its position in shares of CoreSite Realty Corporation by 496.7% in the first quarter. Glen Harbor Capital Management LLC now owns 5,728 shares of the real estate investment trust’s stock valued at $516,000 after buying an additional 4,768 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of CoreSite Realty Corporation by 16.7% in the first quarter. State of Alaska Department of Revenue now owns 27,730 shares of the real estate investment trust’s stock valued at $2,496,000 after buying an additional 3,960 shares during the period.

Shares of CoreSite Realty Corporation (NYSE:COR) opened at 105.87 on Friday. The company has a market capitalization of $3.62 billion, a P/E ratio of 60.91 and a beta of 0.57. The firm has a 50 day moving average price of $105.96 and a 200 day moving average price of $97.02. CoreSite Realty Corporation has a one year low of $64.81 and a one year high of $113.55.

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

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This is an increase from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 3.40%. CoreSite Realty Corporation’s payout ratio is presently 206.90%.

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A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded CoreSite Realty Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub downgraded CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a report on Thursday. Jefferies Group LLC reiterated a “buy” rating and issued a $117.00 price objective on shares of CoreSite Realty Corporation in a report on Wednesday, June 14th. Macquarie reiterated a “hold” rating and issued a $84.00 price objective on shares of CoreSite Realty Corporation in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of CoreSite Realty Corporation in a report on Tuesday, July 18th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CoreSite Realty Corporation presently has an average rating of “Hold” and an average target price of $98.00.

In other news, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation 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 completion of the transaction, the chief financial officer now directly owns 110,493 shares of the company’s stock, valued at approximately $12,235,994.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $105.48, for a total value of $1,054,800.00. Following the completion of the transaction, the senior vice president now directly owns 49,713 shares of the company’s stock, valued at $5,243,727.24. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock worth $3,048,120 over the last ninety days. Company 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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