Municipal Employees Retirement System of Michigan grew its position in CoreSite Realty Corporation (NYSE:COR) by 28.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,340 shares of the real estate investment trust’s stock after acquiring an additional 2,260 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in CoreSite Realty Corporation were worth $1,157,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Garrison Financial Corp raised its position in CoreSite Realty Corporation by 0.8% in the 2nd quarter. Garrison Financial Corp now owns 3,115 shares of the real estate investment trust’s stock worth $322,000 after purchasing an additional 25 shares during the last quarter. Sei Investments Co. raised its position in CoreSite Realty Corporation by 0.3% in the 2nd quarter. Sei Investments Co. now owns 8,515 shares of the real estate investment trust’s stock worth $881,000 after purchasing an additional 28 shares during the last quarter. Profund Advisors LLC raised its position in CoreSite Realty Corporation by 0.6% in the 2nd quarter. Profund Advisors LLC now owns 7,163 shares of the real estate investment trust’s stock worth $742,000 after purchasing an additional 45 shares during the last quarter. LS Investment Advisors LLC raised its position in CoreSite Realty Corporation by 4.6% in the 2nd quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 56 shares during the last quarter. Finally, US Bancorp DE raised its position in CoreSite Realty Corporation by 6.7% in the 2nd quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

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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 transaction, the senior vice president now directly owns 36,613 shares of the company’s stock, valued at approximately $4,004,363.81. The sale was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $117.48, for a total transaction of $447,011.40. Following the completion of the transaction, the chief executive officer now directly owns 93,405 shares of the company’s stock, valued at $10,973,219.40. The disclosure for this sale can be found here. Insiders sold a total of 31,805 shares of company stock valued at $1,876,481 in the last three months. 1.50% of the stock is owned by company insiders.

Several research firms recently weighed in on COR. ValuEngine upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. BidaskClub upgraded shares of CoreSite Realty Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. KeyCorp restated a “hold” rating on shares of CoreSite Realty Corporation in a research report on Tuesday, September 12th. SunTrust Banks, Inc. restated a “buy” rating and issued a $121.00 price objective on shares of CoreSite Realty Corporation in a research report on Friday, November 17th. Finally, Cowen and Company restated a “buy” rating and issued a $111.00 price objective on shares of CoreSite Realty Corporation in a research report on Thursday, October 19th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $108.45.

CoreSite Realty Corporation (NYSE:COR) opened at $116.40 on Wednesday. CoreSite Realty Corporation has a fifty-two week low of $67.36 and a fifty-two week high of $120.85. The stock has a market cap of $3,936.75, a price-to-earnings ratio of 26.19, a PEG ratio of 1.51 and a beta of 0.43. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.29.

CoreSite Realty Corporation (NYSE:COR) last announced its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.64). CoreSite Realty Corporation had a net margin of 15.21% and a return on equity of 15.35%. The firm had revenue of $123.07 million during the quarter, compared to analyst estimates of $121.27 million. During the same period last year, the firm earned $0.90 EPS. CoreSite Realty Corporation’s quarterly revenue was up 21.5% on a year-over-year basis. sell-side analysts expect that CoreSite Realty Corporation will post 4.48 earnings per share for the current fiscal year.

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.

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

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