Federated Investors Inc. PA boosted its stake in shares of CoreSite Realty Corporation (NYSE:COR) by 20.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,315 shares of the real estate investment trust’s stock after buying an additional 10,913 shares during the period. Federated Investors Inc. PA owned 0.19% of CoreSite Realty Corporation worth $6,762,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Crawford Investment Counsel Inc. boosted its position in shares of CoreSite Realty Corporation by 15.5% in the first quarter. Crawford Investment Counsel Inc. now owns 178,776 shares of the real estate investment trust’s stock valued at $16,099,000 after buying an additional 23,946 shares in the last quarter. Forward Management LLC boosted its position in shares of CoreSite Realty Corporation by 172.4% in the first quarter. Forward Management LLC now owns 28,600 shares of the real estate investment trust’s stock valued at $2,576,000 after buying an additional 18,100 shares in the last quarter. Comerica Bank boosted its position in shares of CoreSite Realty Corporation by 4.1% in the first quarter. Comerica Bank now owns 37,496 shares of the real estate investment trust’s stock valued at $3,648,000 after buying an additional 1,477 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of CoreSite Realty Corporation by 33.7% in the first quarter. BNP Paribas Arbitrage SA now owns 8,515 shares of the real estate investment trust’s stock valued at $767,000 after buying an additional 2,148 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of CoreSite Realty Corporation by 30.0% in the first quarter. Daiwa Securities Group Inc. now owns 2,600 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 600 shares in the last quarter. 98.47% of the stock is owned by institutional investors and hedge funds.

Shares of CoreSite Realty Corporation (NYSE:COR) opened at 118.55 on Thursday. CoreSite Realty Corporation has a one year low of $64.81 and a one year high of $118.79. The stock has a market capitalization of $4.06 billion, a P/E ratio of 68.21 and a beta of 0.57. The stock’s 50 day moving average price is $107.92 and its 200 day moving average price is $98.99.

CoreSite Realty Corporation (NYSE:COR) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $117.32 million. During the same quarter last year, the firm earned $0.89 EPS. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. On average, analysts forecast that CoreSite Realty Corporation will post $1.84 EPS for the current year.

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Several research analysts recently weighed in on the company. BidaskClub raised CoreSite Realty Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. Zacks Investment Research raised CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 target price for the company in a research note on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $119.00 target price on shares of CoreSite Realty Corporation in a research note on Tuesday, July 25th. Finally, 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. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $98.00.

In other CoreSite Realty Corporation news, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation stock in a transaction that occurred 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 transaction, the chief financial officer now owns 110,493 shares of the company’s stock, valued at approximately $12,235,994.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total transaction of $1,107,400.00. Following the transaction, the senior vice president now directly owns 48,913 shares in the company, valued at approximately $5,416,625.62. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

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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