PNC Financial Services Group Inc. raised its position in shares of CoreSite Realty Corp. (NYSE:COR) by 214.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,888 shares of the real estate investment trust’s stock after buying an additional 6,065 shares during the period. PNC Financial Services Group Inc.’s holdings in CoreSite Realty Corp. were worth $788,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in COR. BlackRock Japan Co. Ltd boosted its position in CoreSite Realty Corp. by 18.0% in the first quarter. BlackRock Japan Co. Ltd now owns 2,270 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 346 shares during the last quarter. BlackRock Group LTD boosted its position in CoreSite Realty Corp. by 10.8% in the first quarter. BlackRock Group LTD now owns 64,537 shares of the real estate investment trust’s stock valued at $4,518,000 after buying an additional 6,302 shares during the last quarter. BlackRock Inc. boosted its position in CoreSite Realty Corp. by 18.0% in the first quarter. BlackRock Inc. now owns 2,056 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 314 shares during the last quarter. Prudential Financial Inc. boosted its position in CoreSite Realty Corp. by 368.5% in the first quarter. Prudential Financial Inc. now owns 516,016 shares of the real estate investment trust’s stock valued at $36,126,000 after buying an additional 405,882 shares during the last quarter. Finally, Teachers Advisors Inc. boosted its position in CoreSite Realty Corp. by 2.8% in the first quarter. Teachers Advisors Inc. now owns 276,231 shares of the real estate investment trust’s stock valued at $19,339,000 after buying an additional 7,571 shares during the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

CoreSite Realty Corp. (NYSE:COR) traded up 1.04% during midday trading on Monday, hitting $76.97. 436,538 shares of the stock traded hands. CoreSite Realty Corp. has a 52-week low of $49.77 and a 52-week high of $91.91. The firm has a market cap of $2.46 billion, a PE ratio of 57.61 and a beta of 0.88. The stock has a 50-day moving average of $80.25 and a 200 day moving average of $77.27.

CoreSite Realty Corp. (NYSE:COR) last issued its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.89 EPS for the quarter, topping the consensus estimate of $0.86 by $0.03. The company earned $96.10 million during the quarter, compared to analyst estimates of $96.09 million. CoreSite Realty Corp. had a net margin of 12.52% and a return on equity of 9.02%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS. Equities analysts forecast that CoreSite Realty Corp. will post $3.61 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, September 28th. CoreSite Realty Corp.’s payout ratio is presently 160.61%.

Several research firms recently weighed in on COR. Jefferies Group reaffirmed a “buy” rating on shares of CoreSite Realty Corp. in a research note on Tuesday, September 13th. SunTrust Banks Inc. began coverage on shares of CoreSite Realty Corp. in a research note on Thursday, July 21st. They set a “buy” rating and a $100.00 target price for the company. Zacks Investment Research cut shares of CoreSite Realty Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. Canaccord Genuity began coverage on shares of CoreSite Realty Corp. in a research note on Tuesday, June 7th. They set a “buy” rating and a $92.00 target price for the company. Finally, Citigroup Inc. raised their target price on shares of CoreSite Realty Corp. from $75.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. CoreSite Realty Corp. currently has a consensus rating of “Hold” and a consensus price target of $77.06.

In related news, Director Paul E. Szurek purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was bought at an average price of $81.20 per share, with a total value of $81,200.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at $487,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Derek Mccandless sold 10,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $82.37, for a total transaction of $823,700.00. Following the completion of the sale, the senior vice president now directly owns 76,066 shares of the company’s stock, valued at approximately $6,265,556.42. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

CoreSite Realty Corp. Company Profile

CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust (REIT). Through its controlling interest in CoreSite, L.P. (Operating Partnership), the Company 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 (including Washington DC), New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.

5 Day Chart for NYSE:COR

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