Public Employees Retirement Association of Colorado raised its position in shares of CoreSite Realty Corp. (NYSE:COR) by 19.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,200 shares of the real estate investment trust’s stock after buying an additional 40,300 shares during the period. Public Employees Retirement Association of Colorado owned 0.81% of CoreSite Realty Corp. worth $21,835,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in COR. Meeder Asset Management Inc. increased its position in shares of CoreSite Realty Corp. by 21.5% in the second quarter. Meeder Asset Management Inc. now owns 9,584 shares of the real estate investment trust’s stock worth $850,000 after buying an additional 1,697 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of CoreSite Realty Corp. by 23.9% in the first quarter. Renaissance Technologies LLC now owns 570,200 shares of the real estate investment trust’s stock worth $39,920,000 after buying an additional 110,100 shares in the last quarter. M&T Bank Corp increased its position in shares of CoreSite Realty Corp. by 1.3% in the first quarter. M&T Bank Corp now owns 5,487 shares of the real estate investment trust’s stock worth $383,000 after buying an additional 72 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of CoreSite Realty Corp. during the first quarter worth $4,723,000. Finally, HBK Investments L P increased its position in shares of CoreSite Realty Corp. by 134.1% in the first quarter. HBK Investments L P now owns 27,161 shares of the real estate investment trust’s stock worth $1,902,000 after buying an additional 15,561 shares in the last quarter. 95.19% of the stock is owned by institutional investors and hedge funds.

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

Shares of CoreSite Realty Corp. (NYSE:COR) traded up 0.2850% during midday trading on Tuesday, reaching $73.7195. 327,704 shares of the company traded hands. CoreSite Realty Corp. has a 1-year low of $53.97 and a 1-year high of $91.91. The company has a market capitalization of $2.36 billion, a PE ratio of 55.1793 and a beta of 0.82. The company has a 50 day moving average price of $77.05 and a 200 day moving average price of $78.53.

CoreSite Realty Corp. (NYSE:COR) last posted its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.89 EPS for the quarter, beating the consensus estimate of $0.86 by $0.03. CoreSite Realty Corp. had a net margin of 12.52% and a return on equity of 9.02%. The business earned $96.10 million during the quarter, compared to analyst estimates of $96.09 million. During the same quarter in the previous year, the business posted $0.68 EPS. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, analysts expect that CoreSite Realty Corp. will post $3.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.12 annualized dividend and a dividend yield of 2.88%. CoreSite Realty Corp.’s dividend payout ratio is currently 160.61%.

A number of equities analysts have weighed in on COR shares. Stifel Nicolaus downgraded shares of CoreSite Realty Corp. from a “hold” rating to a “sell” rating and set a $79.00 target price for the company. in a research note on Monday, July 11th. Jefferies Group reaffirmed a “buy” rating and set a $60.00 target price (up previously from $50.00) on shares of CoreSite Realty Corp. in a research note on Tuesday, August 23rd. Citigroup Inc. increased their price target on shares of CoreSite Realty Corp. from $75.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. Raymond James Financial Inc. started coverage on shares of CoreSite Realty Corp. in a report on Friday. They set a “market perform” rating on the stock. Finally, Zacks Investment Research cut shares of CoreSite Realty Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 25th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $77.06.

In other news, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $82.61, for a total value of $660,880.00. Following the completion of the sale, the chief financial officer now owns 117,644 shares in the company, valued at approximately $9,718,570.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas M. Ray sold 21,179 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $81.57, for a total transaction of $1,727,571.03. Following the completion of the sale, the insider now owns 391,186 shares of the company’s stock, valued at approximately $31,909,042.02. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

CoreSite Realty Corp. Company Profile

CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust (REIT). Through its controlling interest in CoreSite, L.P. (Operating Partnership), the Company 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 (including Washington DC), New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.

5 Day Chart for NYSE:COR

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