Tiverton Asset Management LLC lessened its holdings in CoreSite Realty Corporation (NYSE:COR) by 24.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,900 shares of the real estate investment trust’s stock after selling 11,100 shares during the quarter. Tiverton Asset Management LLC owned approximately 0.10% of CoreSite Realty Corporation worth $3,509,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Penserra Capital Management LLC bought a new position in CoreSite Realty Corporation in the 2nd quarter valued at $103,000. US Bancorp DE grew 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 valued at $125,000 after acquiring an additional 75 shares during the last quarter. LS Investment Advisors LLC grew 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 valued at $133,000 after acquiring an additional 56 shares during the last quarter. IFP Advisors Inc grew its position in CoreSite Realty Corporation by 14.6% in the 2nd quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 174 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in CoreSite Realty Corporation by 115.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 783 shares during the last quarter. 98.47% of the stock is currently owned by institutional investors.

COR has been the topic of several research analyst reports. BidaskClub raised CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $119.00 price objective on shares of CoreSite Realty Corporation in a research report on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $110.00 price objective on shares of CoreSite Realty Corporation in a research report on Thursday, June 8th. Credit Suisse Group initiated coverage on CoreSite Realty Corporation in a research report on Friday, June 30th. They issued a “neutral” rating and a $103.00 price objective on the stock. Finally, Zacks Investment Research raised CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research report on Wednesday, June 28th. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. CoreSite Realty Corporation has an average rating of “Hold” and a consensus price target of $98.00.

In other news, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $1,107,400.00. Following the completion of the sale, the senior vice president now directly owns 48,913 shares of the company’s stock, valued at $5,416,625.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul E. Szurek sold 3,805 shares of CoreSite Realty Corporation stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $117.48, for a total value of $447,011.40. Following the completion of the sale, 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 21,805 shares of company stock valued at $2,440,331 over the last ninety days. Insiders own 1.50% of the company’s stock.

CoreSite Realty Corporation (NYSE:COR) traded down 0.29% during trading on Friday, hitting $110.59. The stock had a trading volume of 615,203 shares. The company has a market cap of $3.79 billion, a P/E ratio of 63.63 and a beta of 0.56. The firm has a 50 day moving average of $112.61 and a 200-day moving average of $101.89. CoreSite Realty Corporation has a one year low of $64.81 and a one year high of $120.85.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.26%. CoreSite Realty Corporation’s payout ratio is presently 206.90%.

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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.

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

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