Beacon Financial Group trimmed its holdings in shares of CoreSite Realty Corporation (NYSE:COR) by 19.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,904 shares of the real estate investment trust’s stock after selling 1,155 shares during the quarter. Beacon Financial Group’s holdings in CoreSite Realty Corporation were worth $549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Garrison Financial Corp grew its stake in CoreSite Realty Corporation by 0.8% during the 2nd quarter. Garrison Financial Corp now owns 3,115 shares of the real estate investment trust’s stock worth $322,000 after buying an additional 25 shares during the last quarter. Sei Investments Co. grew its stake in CoreSite Realty Corporation by 0.3% during the 2nd quarter. Sei Investments Co. now owns 8,515 shares of the real estate investment trust’s stock worth $881,000 after buying an additional 28 shares during the last quarter. Profund Advisors LLC grew its stake in CoreSite Realty Corporation by 0.6% during the 2nd quarter. Profund Advisors LLC now owns 7,163 shares of the real estate investment trust’s stock worth $742,000 after buying an additional 45 shares during the last quarter. LS Investment Advisors LLC grew its stake in CoreSite Realty Corporation by 4.6% during the 2nd quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 56 shares during the last quarter. Finally, US Bancorp DE grew its stake in CoreSite Realty Corporation by 6.7% during the 2nd quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 98.00% of the company’s stock.

In related news, CEO Paul E. Szurek sold 3,805 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total transaction of $447,011.40. Following the transaction, the chief executive officer now owns 93,405 shares of the company’s stock, valued at $10,973,219.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Derek Mccandless sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $1,107,400.00. Following the transaction, the senior vice president now directly owns 48,913 shares in the company, valued at approximately $5,416,625.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,805 shares of company stock worth $2,440,331. Corporate insiders own 1.50% of the company’s stock.

Several brokerages recently weighed in on COR. KeyCorp restated a “hold” rating on shares of CoreSite Realty Corporation in a research note on Thursday, October 12th. BidaskClub downgraded CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co began coverage on CoreSite Realty Corporation in a research note on Monday, September 25th. They set a “neutral” rating and a $118.00 target price on the stock. Zacks Investment Research upgraded CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research note on Wednesday, September 27th. Finally, Credit Suisse Group began coverage on CoreSite Realty Corporation in a research note on Friday, June 30th. They set a “neutral” rating and a $103.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $104.56.

Shares of CoreSite Realty Corporation (COR) traded up 0.03% during mid-day trading on Wednesday, reaching $114.21. The company’s stock had a trading volume of 83,437 shares. CoreSite Realty Corporation has a 52 week low of $64.81 and a 52 week high of $120.85. The company’s 50-day moving average is $113.34 and its 200-day moving average is $105.39. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 65.71 and a beta of 0.56.

CoreSite Realty Corporation (NYSE:COR) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.02. The company had revenue of $117.89 million for the quarter, compared to analyst estimates of $117.32 million. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 earnings per share. Equities analysts predict that CoreSite Realty Corporation will post $1.82 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Thursday, September 28th. CoreSite Realty Corporation’s payout ratio is 206.90%.

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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.

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

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