Bristol Advisors LLC purchased a new position in CoreSite Realty Corporation (NYSE:COR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,400 shares of the real estate investment trust’s stock, valued at approximately $766,000. CoreSite Realty Corporation makes up approximately 0.5% of Bristol Advisors LLC’s portfolio, making the stock its 16th largest position.

A number of other institutional investors also recently added to or reduced their stakes in the company. Creative Planning increased its position in CoreSite Realty Corporation by 129.2% in the first quarter. Creative Planning now owns 2,292 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 1,292 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in CoreSite Realty Corporation during the first quarter worth about $722,000. Jane Street Group LLC bought a new position in CoreSite Realty Corporation during the first quarter worth about $233,000. State of Tennessee Treasury Department increased its position in CoreSite Realty Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 31,850 shares of the real estate investment trust’s stock worth $2,868,000 after buying an additional 4,807 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new position in CoreSite Realty Corporation during the first quarter worth about $6,154,000.

Shares of CoreSite Realty Corporation (NYSE COR) opened at 110.32 on Wednesday. The stock’s 50 day moving average is $105.82 and its 200-day moving average is $97.63. CoreSite Realty Corporation has a 12-month low of $64.81 and a 12-month high of $113.55. The stock has a market cap of $3.78 billion, a PE ratio of 63.48 and a beta of 0.57.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.90 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $3.60 annualized dividend and a dividend yield of 3.26%. This is a positive change from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. CoreSite Realty Corporation’s payout ratio is currently 206.90%.

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A number of equities analysts have weighed in on COR shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $119.00 target price on shares of CoreSite Realty Corporation in a research note on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $110.00 target price on shares of CoreSite Realty Corporation in a research note on Thursday, June 8th. Citigroup Inc. downgraded shares of CoreSite Realty Corporation from a “buy” rating to a “neutral” rating and set a $103.00 target price for the company. in a research note on Wednesday, May 3rd. Credit Suisse Group started coverage on shares of CoreSite Realty Corporation in a research note on Friday, June 30th. They set a “neutral” rating and a $103.00 target price for the company. Finally, Zacks Investment Research raised 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 note on Wednesday, June 28th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CoreSite Realty Corporation presently has an average rating of “Hold” and a consensus target price of $98.00.

In related news, SVP Derek Mccandless sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $105.48, for a total transaction of $1,054,800.00. Following the completion of the transaction, the senior vice president now owns 49,713 shares in the company, valued at approximately $5,243,727.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the business’s 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 $885,920.00. Following the transaction, the chief financial officer now owns 110,493 shares of the company’s stock, valued at approximately $12,235,994.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,000 shares of company stock valued at $3,048,120. Company insiders own 3.10% of the company’s stock.

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.

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

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