Prudential Financial Inc. cut its holdings in shares of CoreSite Realty Corporation (NYSE:COR) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,566 shares of the real estate investment trust’s stock after selling 2,378 shares during the period. Prudential Financial Inc. owned about 0.17% of CoreSite Realty Corporation worth $6,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in CoreSite Realty Corporation by 3.7% during 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 purchasing an additional 198,067 shares during the period. BlackRock Inc. lifted its position in CoreSite Realty Corporation by 143,427.7% during 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 purchasing an additional 4,398,927 shares during the period. JPMorgan Chase & Co. lifted its position in CoreSite Realty Corporation by 34.7% during 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 purchasing an additional 213,872 shares during the period. State Street Corp lifted its position in CoreSite Realty Corporation by 8.3% during 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 purchasing an additional 63,493 shares during the period. Finally, Capital Growth Management LP lifted its position in CoreSite Realty Corporation by 345.5% during the first quarter. Capital Growth Management LP now owns 490,000 shares of the real estate investment trust’s stock valued at $44,124,000 after purchasing an additional 380,000 shares during the period. Institutional investors own 98.47% of the company’s stock.

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CoreSite Realty Corporation (NYSE COR) opened at 110.59 on Friday. The firm has a 50 day moving average of $112.61 and a 200-day moving average of $101.89. The firm has a market cap of $3.79 billion, a P/E ratio of 63.63 and a beta of 0.56. CoreSite Realty Corporation has a 12 month low of $64.81 and a 12 month high of $120.85.

CoreSite Realty Corporation (NYSE:COR) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.02. The business had revenue of $117.89 million for the quarter, compared to the consensus estimate of $117.32 million. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 earnings per share. On average, equities research analysts forecast that CoreSite Realty Corporation will post $1.83 earnings per share for the current 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 issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, September 28th. CoreSite Realty Corporation’s payout ratio is 206.90%.

In other news, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total value of $885,920.00. Following the sale, the chief financial officer now owns 110,493 shares of the company’s stock, valued at $12,235,994.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Paul E. Szurek sold 3,805 shares of CoreSite Realty Corporation stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $117.48, for a total transaction of $447,011.40. Following the completion of the sale, the chief executive officer now directly owns 93,405 shares in the company, valued at approximately $10,973,219.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,805 shares of company stock worth $2,440,331. Insiders own 1.50% of the company’s stock.

A number of research analysts recently issued reports on COR shares. BidaskClub upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and set a $119.00 target price on shares of CoreSite Realty Corporation in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating and set a $110.00 target price on shares of CoreSite Realty Corporation in a research report on Thursday, June 8th. Credit Suisse Group started coverage on shares of CoreSite Realty Corporation in a research report on Friday, June 30th. They set a “neutral” rating and a $103.00 target price for the company. Finally, Zacks Investment Research upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Wednesday, June 28th. Nine equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. CoreSite Realty Corporation has a consensus rating of “Hold” and an average target price of $98.00.

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

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