Green Street Investors LLC increased its stake in CoreSite Realty Corporation (NYSE:COR) by 550.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,300 shares of the real estate investment trust’s stock after buying an additional 23,100 shares during the period. CoreSite Realty Corporation comprises about 1.8% of Green Street Investors LLC’s holdings, making the stock its 20th largest position. Green Street Investors LLC’s holdings in CoreSite Realty Corporation were worth $2,826,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in CoreSite Realty Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,510,182 shares of the real estate investment trust’s stock valued at $496,191,000 after buying an additional 198,067 shares during the last quarter. BlackRock Inc. increased its stake in CoreSite Realty Corporation by 143,427.7% in the first quarter. BlackRock Inc. now owns 4,401,994 shares of the real estate investment trust’s stock valued at $396,400,000 after buying an additional 4,398,927 shares during the last quarter. Wells Fargo & Company MN increased its stake in CoreSite Realty Corporation by 7.5% in the first quarter. Wells Fargo & Company MN now owns 1,586,774 shares of the real estate investment trust’s stock valued at $142,888,000 after buying an additional 111,103 shares during the last quarter. JPMorgan Chase & Co. increased its stake in CoreSite Realty Corporation by 34.7% in the first quarter. JPMorgan Chase & Co. now owns 829,490 shares of the real estate investment trust’s stock valued at $74,695,000 after buying an additional 213,872 shares during the last quarter. Finally, State Street Corp increased its stake in CoreSite Realty Corporation by 8.3% in the first quarter. State Street Corp now owns 826,392 shares of the real estate investment trust’s stock valued at $74,416,000 after buying an additional 63,493 shares during the last quarter.

Shares of CoreSite Realty Corporation (NYSE COR) opened at 108.985 on Tuesday. The company has a market capitalization of $3.73 billion, a PE ratio of 62.707 and a beta of 0.57. The stock has a 50 day moving average price of $105.79 and a 200 day moving average price of $97.46. CoreSite Realty Corporation has a 52-week low of $64.81 and a 52-week high of $113.55.

CoreSite Realty Corporation (NYSE:COR) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.02. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The company had revenue of $117.89 million during the quarter, compared to the consensus estimate of $117.32 million. During the same period in the previous year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, analysts predict that CoreSite Realty Corporation will post $1.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a dividend of $0.90 per share. This is an increase from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Wednesday, June 28th. CoreSite Realty Corporation’s payout ratio is currently 206.90%.

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COR has been the topic of several recent analyst reports. Zacks Investment Research upgraded CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Wednesday, June 28th. Macquarie restated a “hold” rating and set a $84.00 price objective on shares of CoreSite Realty Corporation in a report on Tuesday, July 4th. Royal Bank Of Canada reiterated a “buy” rating on shares of CoreSite Realty Corporation in a report on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $117.00 target price on shares of CoreSite Realty Corporation in a report on Wednesday, June 14th. Finally, BidaskClub upgraded CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CoreSite Realty Corporation currently has an average rating of “Hold” and an average price target of $98.00.

In related news, SVP Derek Mccandless sold 10,000 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $105.48, for a total value of $1,054,800.00. Following the completion of the sale, the senior vice president now directly owns 49,713 shares in the company, valued at approximately $5,243,727.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total value of $885,920.00. Following the completion of the sale, the chief financial officer now owns 110,493 shares of the company’s stock, valued at $12,235,994.82. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock valued at $3,048,120 over the last quarter. 3.10% of the stock is currently owned by corporate insiders.

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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