FMR LLC cut its position in shares of CoreSite Realty Corporation (NYSE:COR) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,687,528 shares of the real estate investment trust’s stock after selling 160,425 shares during the period. FMR LLC owned 10.99% of CoreSite Realty Corporation worth $332,061,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. IFP Advisors Inc increased its stake in CoreSite Realty Corporation by 203.8% in the first quarter. IFP Advisors Inc now owns 1,188 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 797 shares during the period. Fortaleza Asset Management Inc. acquired a new position in CoreSite Realty Corporation during the fourth quarter valued at $101,000. Tyers Asset Management LLC acquired a new position in CoreSite Realty Corporation during the fourth quarter valued at $105,000. Flinton Capital Management LLC acquired a new position in CoreSite Realty Corporation during the fourth quarter valued at $133,000. Finally, Creative Planning raised its stake in shares of CoreSite Realty Corporation by 129.2% in the first quarter. Creative Planning now owns 2,292 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 1,292 shares during the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of CoreSite Realty Corporation (COR) traded up 0.783% on Thursday, hitting $112.433. 106,276 shares of the stock traded hands. CoreSite Realty Corporation has a one year low of $64.81 and a one year high of $112.69. The company has a market cap of $3.84 billion, a PE ratio of 68.141 and a beta of 0.59. The stock has a 50 day moving average of $102.78 and a 200 day moving average of $90.45.

CoreSite Realty Corporation (NYSE:COR) last issued its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.06. CoreSite Realty Corporation had a net margin of 15.08% and a return on equity of 13.09%. The company had revenue of $114.92 million during the quarter, compared to the consensus estimate of $114.48 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. Equities analysts anticipate that CoreSite Realty Corporation will post $1.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Wednesday, June 28th. This is an increase from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. CoreSite Realty Corporation’s payout ratio is currently 193.94%.

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A number of equities analysts have issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and set a $117.00 price target on shares of CoreSite Realty Corporation in a research note on Wednesday, June 14th. Wells Fargo & Company started coverage on shares of CoreSite Realty Corporation in a report on Wednesday, May 17th. They set a “market perform” rating and a $94.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $110.00 price target on shares of CoreSite Realty Corporation in a report on Thursday, June 8th. Citigroup Inc. cut CoreSite Realty Corporation from a “buy” rating to a “neutral” rating and set a $103.00 target price on the stock. in a research note on Wednesday, May 3rd. Finally, Macquarie assumed coverage on CoreSite Realty Corporation in a research note on Thursday, April 6th. They issued a “neutral” rating and a $84.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. CoreSite Realty Corporation presently has a consensus rating of “Hold” and an average target price of $95.10.

In other news, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $98.75, for a total value of $790,000.00. Following the transaction, the chief financial officer now directly owns 113,268 shares of the company’s stock, valued at approximately $11,185,215. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Steven James Smith sold 1,152 shares of CoreSite Realty Corporation stock in a transaction on Monday, May 1st. The shares were sold at an average price of $100.00, for a total transaction of $115,200.00. Following the completion of the transaction, the senior vice president now directly owns 53,888 shares in the company, valued at $5,388,800. The disclosure for this sale can be found here. Insiders have sold a total of 21,152 shares of company stock valued at $2,150,000 in the last 90 days. Insiders own 3.10% 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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