Riggs Asset Managment Co. Inc. lowered its holdings in CoreSite Realty Corporation (NYSE:COR) by 30.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,395 shares of the real estate investment trust’s stock after selling 25,584 shares during the quarter. CoreSite Realty Corporation accounts for about 2.9% of Riggs Asset Managment Co. Inc.’s investment portfolio, making the stock its 14th biggest holding. Riggs Asset Managment Co. Inc. owned 0.17% of CoreSite Realty Corporation worth $6,423,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of COR. Penserra Capital Management LLC purchased a new position in shares of CoreSite Realty Corporation in the second quarter worth $103,000. US Bancorp DE raised its stake 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 worth $125,000 after purchasing an additional 75 shares during the last quarter. LS Investment Advisors LLC raised its stake 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 worth $133,000 after purchasing an additional 56 shares during the last quarter. IFP Advisors Inc raised its stake in shares of CoreSite Realty Corporation by 14.6% in the second quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 174 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of CoreSite Realty Corporation by 115.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 783 shares during the last quarter. Hedge funds and other institutional investors own 98.29% of the company’s stock.

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In related news, CEO Paul E. Szurek sold 3,805 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total value of $447,011.40. Following the completion of the transaction, the chief executive officer now owns 93,405 shares in the company, valued at approximately $10,973,219.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

CoreSite Realty Corporation (NYSE:COR) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.64). The firm had revenue of $123.07 million during 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 business’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the business earned $0.90 EPS.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.90 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.60 dividend on an annualized basis and a yield of 3.25%. CoreSite Realty Corporation’s dividend payout ratio (DPR) is 195.65%.

Several research analysts have recently weighed in on the company. BidaskClub upgraded CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 price target for the company in a research note on Monday, July 31st. Citigroup Inc. boosted their price target on CoreSite Realty Corporation from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Credit Suisse Group set a $111.00 price target on CoreSite Realty Corporation and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $117.00 price target on shares of CoreSite Realty Corporation in a research note on Friday, July 14th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $107.20.

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.

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

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