Great West Life Assurance Co. Can boosted its stake in CoreSite Realty Corporation (NYSE:COR) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,346 shares of the real estate investment trust’s stock after buying an additional 2,010 shares during the period. Great West Life Assurance Co. Can’s holdings in CoreSite Realty Corporation were worth $5,108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of CoreSite Realty Corporation during the first quarter valued at $6,154,000. DUPONT CAPITAL MANAGEMENT Corp raised its position in shares of CoreSite Realty Corporation by 758.9% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 78,000 shares of the real estate investment trust’s stock valued at $7,024,000 after buying an additional 68,919 shares during the period. Whittier Trust Co. raised its position in shares of CoreSite Realty Corporation by 5.2% in the first quarter. Whittier Trust Co. now owns 37,361 shares of the real estate investment trust’s stock valued at $3,364,000 after buying an additional 1,856 shares during the period. IFP Advisors Inc raised its position in shares of CoreSite Realty Corporation by 203.8% in the first quarter. IFP Advisors Inc now owns 1,188 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 797 shares during the period. Finally, Glen Harbor Capital Management LLC raised its position in shares of CoreSite Realty Corporation by 496.7% in the first quarter. Glen Harbor Capital Management LLC now owns 5,728 shares of the real estate investment trust’s stock valued at $516,000 after buying an additional 4,768 shares during the period.

Shares of CoreSite Realty Corporation (COR) opened at 109.81 on Tuesday. CoreSite Realty Corporation has a one year low of $64.81 and a one year high of $113.55. The company has a market cap of $3.76 billion, a PE ratio of 63.18 and a beta of 0.57. The company’s 50-day moving average price is $105.79 and its 200 day moving average price is $97.46.

CoreSite Realty Corporation (NYSE:COR) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $117.89 million for the quarter, compared to analyst estimates of $117.32 million. During the same period in the prior year, the business earned $0.89 earnings per share. CoreSite Realty Corporation’s quarterly revenue was up 22.7% on a year-over-year basis. Equities analysts forecast that CoreSite Realty Corporation will post $1.83 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $0.90 dividend. This is a positive change from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Wednesday, June 28th. CoreSite Realty Corporation’s dividend payout ratio is currently 206.90%.

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Several research analysts have commented on the company. BidaskClub raised CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 price objective on the stock in a research report on Monday, July 31st. Jefferies Group LLC reissued 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 reissued a “buy” rating and issued a $110.00 price objective on shares of CoreSite Realty Corporation in a research report on Thursday, June 8th. Finally, Credit Suisse Group assumed 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. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $98.00.

In related news, SVP Derek Mccandless sold 10,000 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 $1,107,400.00. Following the transaction, the senior vice president now directly owns 48,913 shares in the company, valued at $5,416,625.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $885,920.00. Following the completion of the transaction, 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 28,000 shares of company stock worth $3,048,120 over the last 90 days. 3.10% of the stock is currently owned by company insiders.

About CoreSite Realty Corporation

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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