Forward Management LLC decreased its stake in CoreSite Realty Corporation (NYSE:COR) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 27,700 shares of the real estate investment trust’s stock after selling 900 shares during the period. Forward Management LLC’s holdings in CoreSite Realty Corporation were worth $2,868,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of CoreSite Realty Corporation by 143,427.7% in the first quarter. BlackRock Inc. now owns 4,401,994 shares of the real estate investment trust’s stock valued at $396,400,000 after buying an additional 4,398,927 shares during the period. Capital Growth Management LP raised its position in shares of CoreSite Realty Corporation by 345.5% in the first quarter. Capital Growth Management LP now owns 490,000 shares of the real estate investment trust’s stock valued at $44,124,000 after buying an additional 380,000 shares during the period. JPMorgan Chase & Co. raised its position in shares of CoreSite Realty Corporation by 34.7% in the first quarter. JPMorgan Chase & Co. now owns 829,490 shares of the real estate investment trust’s stock valued at $74,695,000 after buying an additional 213,872 shares during the period. Vanguard Group Inc. raised its position in shares of CoreSite Realty Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,510,182 shares of the real estate investment trust’s stock valued at $496,191,000 after buying an additional 198,067 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of CoreSite Realty Corporation by 162.0% in the first quarter. Renaissance Technologies LLC now owns 246,500 shares of the real estate investment trust’s stock valued at $22,197,000 after buying an additional 152,400 shares during the period.

CoreSite Realty Corporation (NYSE:COR) opened at 106.27 on Thursday. CoreSite Realty Corporation has a 1-year low of $64.81 and a 1-year high of $113.55. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 61.14 and a beta of 0.57. The stock has a 50 day moving average of $106.12 and a 200 day moving average of $96.95.

CoreSite Realty Corporation (NYSE:COR) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.02. The company had revenue of $117.89 million during the quarter, compared to analysts’ expectations of $117.32 million. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The business’s revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. Equities analysts expect that CoreSite Realty Corporation will post $1.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a dividend of $0.90 per share. This is a boost from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Wednesday, June 28th. CoreSite Realty Corporation’s dividend payout ratio is 206.90%.

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COR has been the subject of several research analyst reports. Zacks Investment Research lowered shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Citigroup Inc. lowered shares of CoreSite Realty Corporation from a “buy” rating to a “neutral” rating and set a $103.00 target price for the company. in a research note on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $110.00 target price on shares of CoreSite Realty Corporation in a research note on Thursday, June 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $117.00 target price on shares of CoreSite Realty Corporation in a research note on Wednesday, June 14th. Finally, BidaskClub lowered shares of CoreSite Realty Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. CoreSite Realty Corporation currently has an average rating of “Hold” and an average price target of $98.00.

In other news, SVP Derek Mccandless sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $105.48, for a total transaction of $1,054,800.00. Following the completion of the transaction, the senior vice president now directly owns 49,713 shares in the company, valued at approximately $5,243,727.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total value of $885,920.00. Following the transaction, the chief financial officer now owns 110,493 shares of the company’s stock, valued at $12,235,994.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,000 shares of company stock valued at $3,048,120. Company insiders own 3.10% of the company’s stock.

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.

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

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