Wells Fargo & Company MN decreased its holdings in CoreSite Realty Corp (NYSE:COR) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,642,624 shares of the real estate investment trust’s stock after selling 72,790 shares during the quarter. Wells Fargo & Company MN’s holdings in CoreSite Realty were worth $182,562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of CoreSite Realty in the second quarter worth approximately $166,000. Bridgeworth LLC bought a new stake in CoreSite Realty during the 2nd quarter worth approximately $166,000. Capital Advisors Ltd. LLC bought a new stake in CoreSite Realty during the 3rd quarter worth approximately $169,000. Zions Bancorporation bought a new stake in CoreSite Realty during the 2nd quarter worth approximately $180,000. Finally, Oakbrook Investments LLC bought a new stake in CoreSite Realty during the 2nd quarter worth approximately $202,000. 90.78% of the stock is currently owned by institutional investors.

Shares of COR opened at $95.99 on Friday. CoreSite Realty Corp has a fifty-two week low of $88.37 and a fifty-two week high of $119.59. The firm has a market capitalization of $3.59 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 2.95.

CoreSite Realty (NYSE:COR) last announced its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.72). CoreSite Realty had a return on equity of 20.18% and a net margin of 14.91%. The business had revenue of $139.18 million during the quarter, compared to the consensus estimate of $138.10 million. As a group, analysts anticipate that CoreSite Realty Corp will post 5.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 4.29%. The ex-dividend date was Thursday, September 27th. CoreSite Realty’s dividend payout ratio is presently 91.15%.

A number of equities research analysts have commented on the stock. Citigroup set a $104.00 target price on shares of CoreSite Realty and gave the stock a “hold” rating in a research note on Monday, November 5th. Zacks Investment Research upgraded shares of CoreSite Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. TheStreet cut shares of CoreSite Realty from a “b-” rating to a “c” rating in a research note on Thursday, October 25th. BMO Capital Markets reduced their price objective on shares of CoreSite Realty from $111.00 to $107.00 and set a “market perform” rating on the stock in a research report on Friday, October 26th. Finally, Royal Bank of Canada cut shares of CoreSite Realty from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 26th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $119.15.

In other CoreSite Realty news, CEO Paul E. Szurek sold 3,588 shares of CoreSite Realty stock in a transaction on Monday, September 10th. The shares were sold at an average price of $114.15, for a total transaction of $409,570.20. Following the completion of the transaction, the chief executive officer now directly owns 147,075 shares of the company’s stock, valued at $16,788,611.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brian Warren sold 1,000 shares of CoreSite Realty stock in a transaction on Monday, November 5th. The stock was sold at an average price of $96.35, for a total transaction of $96,350.00. Following the transaction, the senior vice president now directly owns 25,803 shares of the company’s stock, valued at $2,486,119.05. The disclosure for this sale can be found here. Insiders sold 5,350 shares of company stock worth $580,721 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

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CoreSite Realty Company Profile

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.

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

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