Daiwa Securities Group Inc. boosted its position in CoreSite Realty Corp (NYSE:COR) by 19.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,500 shares of the real estate investment trust’s stock after buying an additional 900 shares during the quarter. Daiwa Securities Group Inc.’s holdings in CoreSite Realty were worth $611,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. People s United Financial Inc. boosted its stake in CoreSite Realty by 3.4% in the second quarter. People s United Financial Inc. now owns 21,608 shares of the real estate investment trust’s stock valued at $2,394,000 after acquiring an additional 712 shares during the period. Mutual of America Capital Management LLC boosted its stake in CoreSite Realty by 5.8% in the second quarter. Mutual of America Capital Management LLC now owns 29,611 shares of the real estate investment trust’s stock valued at $3,281,000 after acquiring an additional 1,629 shares during the period. Morse Asset Management Inc boosted its stake in CoreSite Realty by 217.0% in the second quarter. Morse Asset Management Inc now owns 11,490 shares of the real estate investment trust’s stock valued at $1,273,000 after acquiring an additional 7,865 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in CoreSite Realty in the second quarter valued at approximately $166,000. Finally, Bank of New York Mellon Corp boosted its stake in CoreSite Realty by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 402,677 shares of the real estate investment trust’s stock valued at $44,624,000 after acquiring an additional 5,499 shares during the period. 90.74% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE COR opened at $96.14 on Wednesday. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market cap of $3.52 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 1.22 and a beta of 0.55. CoreSite Realty Corp has a 12-month low of $88.37 and a 12-month high of $119.59.

CoreSite Realty (NYSE:COR) last issued its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.72). The business had revenue of $139.18 million for the quarter, compared to analyst estimates of $138.10 million. CoreSite Realty had a return on equity of 20.18% and a net margin of 14.91%. On average, analysts predict that CoreSite Realty Corp will post 5.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, September 27th. This represents a $4.12 annualized dividend and a dividend yield of 4.29%. CoreSite Realty’s dividend payout ratio is presently 91.15%.

A number of equities analysts have commented on COR shares. Citigroup set a $104.00 target price on CoreSite Realty and gave the company a “hold” rating in a research note on Monday, November 5th. Zacks Investment Research upgraded CoreSite Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Cowen downgraded CoreSite Realty from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $115.00 to $107.00 in a research note on Monday, September 24th. Stifel Nicolaus started coverage on CoreSite Realty in a research note on Tuesday, July 17th. They issued a “hold” rating and a $115.00 target price for the company. Finally, TheStreet downgraded CoreSite Realty from a “b-” rating to a “c” rating in a research note on Thursday, October 25th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $119.15.

In other news, CEO Paul E. Szurek sold 3,588 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $114.15, for a total transaction of $409,570.20. Following the completion of the transaction, the chief executive officer now directly owns 147,075 shares in the company, valued at $16,788,611.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brian Warren sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $96.35, for a total value of $96,350.00. Following the transaction, the senior vice president now owns 25,803 shares of the company’s stock, valued at $2,486,119.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,350 shares of company stock valued at $580,721. Insiders own 1.50% of the company’s stock.

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CoreSite Realty Profile

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.

Further Reading: How are institutional investors different from individual investors?

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

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