Teachers Insurance & Annuity Association of America lowered its position in CoreSite Realty Corporation (NYSE:COR) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,863 shares of the real estate investment trust’s stock after selling 945 shares during the quarter. Teachers Insurance & Annuity Association of America owned about 0.10% of CoreSite Realty Corporation worth $3,506,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in COR. First Trust Advisors LP increased its holdings in shares of CoreSite Realty Corporation by 73.5% in the first quarter. First Trust Advisors LP now owns 18,520 shares of the real estate investment trust’s stock worth $1,668,000 after purchasing an additional 7,845 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of CoreSite Realty Corporation by 33.7% in the first quarter. BNP Paribas Arbitrage SA now owns 8,515 shares of the real estate investment trust’s stock worth $767,000 after purchasing an additional 2,148 shares during the period. Comerica Bank increased its holdings in shares of CoreSite Realty Corporation by 4.1% in the first quarter. Comerica Bank now owns 37,496 shares of the real estate investment trust’s stock worth $3,648,000 after purchasing an additional 1,477 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of CoreSite Realty Corporation by 17.1% in the first quarter. UBS Asset Management Americas Inc. now owns 21,647 shares of the real estate investment trust’s stock worth $1,949,000 after purchasing an additional 3,168 shares during the period. Finally, Karp Capital Management Corp bought a new position in shares of CoreSite Realty Corporation in the first quarter worth $1,011,000. 98.32% of the stock is currently owned by hedge funds and other institutional investors.

CoreSite Realty Corporation (NYSE COR) opened at 113.59 on Wednesday. CoreSite Realty Corporation has a 1-year low of $64.81 and a 1-year high of $120.85. The company has a market cap of $3.89 billion, a PE ratio of 65.36 and a beta of 0.56. The company has a 50-day moving average price of $112.86 and a 200-day moving average price of $102.39.

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 for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $117.89 million for the quarter, compared to the consensus estimate of $117.32 million. During the same period in the previous year, the firm posted $0.89 EPS. The business’s quarterly revenue was up 22.7% on a year-over-year basis. On average, analysts expect that CoreSite Realty Corporation will post $1.83 EPS for the current fiscal 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 issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.18%. CoreSite Realty Corporation’s dividend payout ratio (DPR) is presently 206.90%.

COR has been the topic of a number of research analyst reports. BidaskClub raised CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $119.00 target price on shares of CoreSite Realty Corporation in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $110.00 target price on shares of CoreSite Realty Corporation in a research note on Thursday, June 8th. Credit Suisse Group initiated coverage on CoreSite Realty Corporation in a research note on Friday, June 30th. They issued a “neutral” rating and a $103.00 target price on the stock. Finally, Zacks Investment Research raised CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Wednesday, June 28th. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average 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 shares were sold at an average price of $110.74, for a total value of $1,107,400.00. Following the sale, 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 legal filing with the SEC, which is accessible through this link. Also, CEO Paul E. Szurek sold 3,805 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total transaction of $447,011.40. Following the completion of the sale, the chief executive officer now owns 93,405 shares in the company, valued at $10,973,219.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,805 shares of company stock worth $2,440,331. Insiders own 1.50% of the company’s stock.

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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.

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

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