Capital Growth Management LP lowered its stake in CoreSite Realty Corporation (NYSE:COR) by 30.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 340,000 shares of the real estate investment trust’s stock after selling 150,000 shares during the quarter. CoreSite Realty Corporation comprises 1.6% of Capital Growth Management LP’s portfolio, making the stock its 28th largest position. Capital Growth Management LP owned about 0.99% of CoreSite Realty Corporation worth $35,200,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of COR. BlackRock Inc. boosted its holdings 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 purchasing an additional 4,398,927 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 213,872 shares during the last quarter. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 198,067 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in CoreSite Realty Corporation by 44.9% in the second quarter. Principal Financial Group Inc. now owns 536,724 shares of the real estate investment trust’s stock valued at $55,567,000 after purchasing an additional 166,193 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in CoreSite Realty Corporation by 162.0% in the first quarter. Renaissance Technologies LLC now owns 246,500 shares of the real estate investment trust’s stock valued at $22,197,000 after purchasing an additional 152,400 shares during the last quarter. Institutional investors and hedge funds own 98.32% of the company’s stock.

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In other CoreSite Realty Corporation news, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total transaction of $1,107,400.00. Following the sale, the senior vice president now directly owns 48,913 shares of the company’s stock, valued at $5,416,625.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 110,493 shares in the company, valued at $12,235,994.82. The disclosure for this sale can be found here. Insiders have sold 21,805 shares of company stock worth $2,440,331 over the last ninety days. Company insiders own 1.50% of the company’s stock.

A number of brokerages recently commented on COR. BidaskClub downgraded CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Credit Suisse Group began coverage on CoreSite Realty Corporation in a report on Friday, June 30th. They issued a “neutral” rating and a $103.00 price target for the company. Zacks Investment Research raised CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 price target for the company in a report on Monday, July 31st. Macquarie reissued a “hold” rating and issued a $84.00 price target on shares of CoreSite Realty Corporation in a report on Tuesday, July 4th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $117.00 price target on shares of CoreSite Realty Corporation in a report on Friday, July 14th. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $98.00.

Shares of CoreSite Realty Corporation (COR) traded down 0.752% during mid-day trading on Tuesday, hitting $111.505. The company had a trading volume of 197,668 shares. The firm’s 50 day moving average is $112.73 and its 200-day moving average is $102.22. CoreSite Realty Corporation has a 12-month low of $64.81 and a 12-month high of $120.85. The firm has a market cap of $3.82 billion, a PE ratio of 64.157 and a beta of 0.56.

CoreSite Realty Corporation (NYSE:COR) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The company had revenue of $117.89 million for the quarter, compared to the consensus estimate of $117.32 million. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 earnings per share. On average, equities analysts expect that CoreSite Realty Corporation will post $1.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, September 28th. CoreSite Realty Corporation’s payout ratio is 206.90%.

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.

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

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