Miles Capital Inc. reduced its stake in shares of CoreSite Realty Corporation (NYSE:COR) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,732 shares of the real estate investment trust’s stock after selling 35 shares during the period. Miles Capital Inc.’s holdings in CoreSite Realty Corporation were worth $283,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Garrison Financial Corp grew its holdings in shares of CoreSite Realty Corporation by 0.8% during the 2nd quarter. Garrison Financial Corp now owns 3,115 shares of the real estate investment trust’s stock valued at $322,000 after acquiring an additional 25 shares in the last quarter. Sei Investments Co. grew its holdings in shares of CoreSite Realty Corporation by 0.3% during the 2nd quarter. Sei Investments Co. now owns 8,515 shares of the real estate investment trust’s stock valued at $881,000 after acquiring an additional 28 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of CoreSite Realty Corporation by 0.6% during the 2nd quarter. Profund Advisors LLC now owns 7,163 shares of the real estate investment trust’s stock valued at $742,000 after acquiring an additional 45 shares in the last quarter. LS Investment Advisors LLC grew its holdings in shares of CoreSite Realty Corporation by 4.6% during the 2nd quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 56 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of CoreSite Realty Corporation by 6.7% during the 2nd quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 98.32% of the company’s stock.

Shares of CoreSite Realty Corporation (COR) traded up 1.75% during midday trading on Friday, reaching $111.90. 423,733 shares of the company were exchanged. The stock has a 50-day moving average price of $112.86 and a 200 day moving average price of $102.39. CoreSite Realty Corporation has a 52-week low of $64.81 and a 52-week high of $120.85. The company has a market capitalization of $3.83 billion, a P/E ratio of 64.38 and a beta of 0.56.

CoreSite Realty Corporation (NYSE:COR) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share (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 firm had revenue of $117.89 million for the quarter, compared to analyst estimates of $117.32 million. During the same period in the previous year, the business earned $0.89 EPS. The company’s revenue was up 22.7% compared to the same quarter last year. Equities research analysts expect that CoreSite Realty Corporation will post $1.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.90 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.60 annualized dividend and a yield of 3.22%. CoreSite Realty Corporation’s payout ratio is currently 206.90%.

COR has been the topic of several research analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $110.00 price target on shares of CoreSite Realty Corporation in a report on Thursday, June 8th. Jefferies Group LLC restated a “buy” rating and set a $117.00 price target on shares of CoreSite Realty Corporation in a report on Wednesday, June 14th. BidaskClub cut shares of CoreSite Realty Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 28th. Zacks Investment Research upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a report on Wednesday, June 28th. Finally, Credit Suisse Group initiated coverage on shares of CoreSite Realty Corporation in a report on Friday, June 30th. They set a “neutral” rating and a $103.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $99.64.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/coresite-realty-corporation-cor-shares-sold-by-miles-capital-inc/1601161.html.

In other CoreSite Realty Corporation news, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total value of $1,107,400.00. Following the sale, the senior vice president now directly owns 48,913 shares in the company, valued at approximately $5,416,625.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total transaction of $885,920.00. Following the completion of the sale, the chief financial officer now owns 110,493 shares in the company, valued at $12,235,994.82. The disclosure for this sale can be found here. Insiders sold a total of 21,805 shares of company stock worth $2,440,331 over the last quarter. Company insiders own 1.50% of the company’s stock.

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.

Want to see what other hedge funds are holding COR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreSite Realty Corporation (NYSE:COR).

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

Receive News & Ratings for CoreSite Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.