State of Tennessee Treasury Department held its position in shares of CoreSite Realty Corporation (NYSE:COR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,850 shares of the real estate investment trust’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department owned about 0.09% of CoreSite Realty Corporation worth $3,297,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of CoreSite Realty Corporation by 143,427.7% during the 1st quarter. BlackRock Inc. now owns 4,401,994 shares of the real estate investment trust’s stock valued at $396,400,000 after purchasing an additional 4,398,927 shares during the last quarter. Capital Growth Management LP increased its position in shares of CoreSite Realty Corporation by 345.5% during the 1st quarter. Capital Growth Management LP now owns 490,000 shares of the real estate investment trust’s stock valued at $44,124,000 after purchasing an additional 380,000 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of CoreSite Realty Corporation by 34.7% during the 1st quarter. JPMorgan Chase & Co. now owns 829,490 shares of the real estate investment trust’s stock valued at $74,695,000 after purchasing an additional 213,872 shares during the last quarter. Vanguard Group Inc. increased its position in shares of CoreSite Realty Corporation by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 5,510,182 shares of the real estate investment trust’s stock valued at $496,191,000 after purchasing an additional 198,067 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of CoreSite Realty Corporation by 44.9% during the 2nd quarter. Principal Financial Group Inc. now owns 536,724 shares of the real estate investment trust’s stock valued at $55,567,000 after purchasing an additional 166,193 shares during the last quarter. 98.47% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of CoreSite Realty Corporation (NYSE COR) opened at 110.91 on Friday. The firm has a 50-day moving average price of $112.49 and a 200 day moving average price of $101.74. The stock has a market cap of $3.80 billion, a PE ratio of 63.81 and a beta of 0.56. CoreSite Realty Corporation has a 12-month low of $64.81 and a 12-month high of $120.85.

CoreSite Realty Corporation (NYSE:COR) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The firm had revenue of $117.89 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Equities research analysts expect that CoreSite Realty Corporation will post $1.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.25%. CoreSite Realty Corporation’s dividend payout ratio is 206.90%.

COR has been the topic of several recent research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $110.00 price objective on shares of CoreSite Realty Corporation in a research report on Thursday, June 8th. Jefferies Group LLC reiterated a “buy” rating and set a $117.00 price objective on shares of CoreSite Realty Corporation in a research report on Wednesday, June 14th. BidaskClub lowered CoreSite Realty Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research upgraded CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Wednesday, June 28th. Finally, Credit Suisse Group assumed coverage on CoreSite Realty Corporation in a research report on Friday, June 30th. They set a “neutral” rating and a $103.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $98.00.

In other news, CEO Paul E. Szurek sold 3,805 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total transaction of $447,011.40. Following the transaction, the chief executive officer now owns 93,405 shares of the company’s stock, valued at $10,973,219.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Derek Mccandless sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total value of $1,107,400.00. Following the transaction, the senior vice president now directly owns 48,913 shares in the company, valued at approximately $5,416,625.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,805 shares of company stock worth $2,440,331. Insiders own 1.50% 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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