Profund Advisors LLC raised its position in shares of CoreSite Realty Corporation (NYSE:COR) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,163 shares of the real estate investment trust’s stock after buying an additional 45 shares during the quarter. Profund Advisors LLC’s holdings in CoreSite Realty Corporation were worth $742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its position in shares of CoreSite Realty Corporation by 53.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,108 shares of the real estate investment trust’s stock worth $1,357,000 after purchasing an additional 4,593 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of CoreSite Realty Corporation by 111.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 49,987 shares of the real estate investment trust’s stock worth $5,175,000 after purchasing an additional 26,307 shares during the period. US Bancorp DE raised its position in shares of CoreSite Realty Corporation by 6.7% during the 2nd quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 75 shares during the period. Jane Street Group LLC acquired a new stake in shares of CoreSite Realty Corporation during the 1st quarter worth approximately $233,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of CoreSite Realty Corporation during the 1st quarter worth approximately $722,000. Hedge funds and other institutional investors own 98.32% of the company’s stock.

COR has been the topic of a number of research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $110.00 price target 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 target on shares of CoreSite Realty Corporation in a research report on Wednesday, June 14th. BidaskClub cut 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 initiated 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, four have assigned a buy rating and one has assigned a strong buy rating to the stock. CoreSite Realty Corporation presently has an average rating of “Hold” and a consensus price target of $98.00.

Shares of CoreSite Realty Corporation (NYSE:COR) opened at 108.49 on Monday. The company has a 50-day moving average price of $112.86 and a 200 day moving average price of $102.39. The firm has a market capitalization of $3.71 billion, a PE ratio of 62.42 and a beta of 0.56. CoreSite Realty Corporation has a 52-week low of $64.81 and a 52-week high of $120.85.

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, beating 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 company had revenue of $117.89 million during the quarter, compared to analysts’ expectations of $117.32 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. CoreSite Realty Corporation’s quarterly revenue was up 22.7% compared to the same quarter last year. Analysts expect that CoreSite Realty Corporation will post $1.83 EPS for the current fiscal year.

The company 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 $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Thursday, September 28th. CoreSite Realty Corporation’s dividend payout ratio (DPR) is currently 206.90%.

In other news, CEO Paul E. Szurek sold 3,805 shares of CoreSite Realty Corporation stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $117.48, for a total value of $447,011.40. Following the completion of the transaction, the chief executive officer now owns 93,405 shares in the company, valued at $10,973,219.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 110,493 shares of the company’s stock, valued at approximately $12,235,994.82. The disclosure for this sale can be found here. Insiders sold 21,805 shares of company stock valued at $2,440,331 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “Profund Advisors LLC Increases Holdings in CoreSite Realty Corporation (COR)” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/09/25/profund-advisors-llc-increases-holdings-in-coresite-realty-corporation-cor.html.

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.

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

Receive News & Ratings for CoreSite Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.