TCW Group Inc. cut its stake in shares of CoreSite Realty Corporation (NYSE:COR) by 62.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,983 shares of the real estate investment trust’s stock after selling 132,505 shares during the period. TCW Group Inc. owned approximately 0.24% of CoreSite Realty Corporation worth $9,062,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Garrison Financial Corp grew its holdings in shares of CoreSite Realty Corporation by 0.8% in the second quarter. Garrison Financial Corp now owns 3,115 shares of the real estate investment trust’s stock valued at $322,000 after purchasing an additional 25 shares in the last quarter. Sei Investments Co. grew its holdings in shares of CoreSite Realty Corporation by 0.3% in the second quarter. Sei Investments Co. now owns 8,515 shares of the real estate investment trust’s stock valued at $881,000 after purchasing an additional 28 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of CoreSite Realty Corporation by 0.6% in the second quarter. Profund Advisors LLC now owns 7,163 shares of the real estate investment trust’s stock valued at $742,000 after purchasing an additional 45 shares in the last quarter. LS Investment Advisors LLC grew its holdings in shares of CoreSite Realty Corporation by 4.6% in the second quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 56 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of CoreSite Realty Corporation by 6.7% in the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 99.13% of the company’s stock.

Shares of CoreSite Realty Corporation (NYSE:COR) traded down $3.23 during trading hours on Thursday, hitting $114.19. 264,400 shares of the stock traded hands, compared to its average volume of 429,088. The stock has a market cap of $4,020.64, a P/E ratio of 26.75, a PEG ratio of 1.54 and a beta of 0.43. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.80. CoreSite Realty Corporation has a twelve month low of $64.81 and a twelve month high of $120.85.

CoreSite Realty Corporation (NYSE:COR) last issued its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.64). The company had revenue of $123.07 million for the quarter, compared to analysts’ expectations of $121.27 million. CoreSite Realty Corporation had a return on equity of 15.35% and a net margin of 15.21%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. equities research analysts expect that CoreSite Realty Corporation will post 4.48 EPS for the current fiscal year.

COR has been the subject of a number of research reports. BidaskClub upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and issued a $119.00 price objective on shares of CoreSite Realty Corporation in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Wednesday, September 27th. William Blair initiated coverage on shares of CoreSite Realty Corporation in a report on Friday, September 22nd. They issued an “outperform” rating for the company. Finally, Cowen and Company restated a “buy” rating and issued a $111.00 price objective on shares of CoreSite Realty Corporation in a report on Thursday, October 19th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $107.20.

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In related news, SVP Derek Mccandless sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $109.37, for a total value of $546,850.00. Following the completion of the sale, the senior vice president now owns 36,613 shares in the company, valued at approximately $4,004,363.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Paul E. Szurek sold 3,805 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $117.48, for a total transaction of $447,011.40. Following the completion of the sale, the chief executive officer now owns 93,405 shares of the company’s stock, valued at approximately $10,973,219.40. The disclosure for this sale can be found here. Insiders have sold a total of 31,805 shares of company stock valued at $1,876,481 in the last 90 days. Insiders own 1.50% of the company’s stock.

About CoreSite Realty Corporation

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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