Ladenburg Thalmann Financial Services Inc. grew its position in shares of CoreSite Realty Corp (NYSE:COR) by 7.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,407 shares of the real estate investment trust’s stock after purchasing an additional 616 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in CoreSite Realty were worth $1,053,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in shares of CoreSite Realty by 4.3% during the 3rd quarter. Wells Fargo & Company MN now owns 1,702,550 shares of the real estate investment trust’s stock valued at $190,516,000 after purchasing an additional 70,274 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in CoreSite Realty by 5.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 876,830 shares of the real estate investment trust’s stock worth $90,778,000 after acquiring an additional 47,340 shares in the last quarter. Principal Financial Group Inc. increased its holdings in CoreSite Realty by 44.9% in the 2nd quarter. Principal Financial Group Inc. now owns 536,724 shares of the real estate investment trust’s stock worth $55,567,000 after acquiring an additional 166,193 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in CoreSite Realty by 53.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 507,385 shares of the real estate investment trust’s stock worth $52,529,000 after acquiring an additional 176,489 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in CoreSite Realty by 4.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 499,857 shares of the real estate investment trust’s stock worth $55,932,000 after acquiring an additional 22,342 shares in the last quarter. 97.74% of the stock is owned by hedge funds and other institutional investors.

In other CoreSite Realty news, CFO Jeffrey S. Finnin sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $109.39, for a total value of $875,120.00. Following the transaction, the chief financial officer now owns 98,562 shares of the company’s stock, valued at $10,781,697.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Derek Mccandless sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $109.37, for a total transaction of $546,850.00. Following the completion of the transaction, the senior vice president now directly owns 36,613 shares in the company, valued at approximately $4,004,363.81. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Shares of CoreSite Realty Corp (NYSE COR) opened at $113.08 on Thursday. CoreSite Realty Corp has a one year low of $76.96 and a one year high of $120.85. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The stock has a market cap of $3,876.14, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 1.49 and a beta of 0.44.

CoreSite Realty (NYSE:COR) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.64). The business had revenue of $123.07 million for the quarter, compared to analyst estimates of $121.27 million. CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS. sell-side analysts forecast that CoreSite Realty Corp will post 4.48 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.98 per share. This is a boost from CoreSite Realty’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.92 annualized dividend and a dividend yield of 3.47%. CoreSite Realty’s payout ratio is presently 195.65%.

COR has been the subject of several recent analyst reports. BidaskClub raised shares of CoreSite Realty from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. KeyCorp reissued a “hold” rating on shares of CoreSite Realty in a report on Tuesday, September 12th. William Blair initiated coverage on shares of CoreSite Realty in a report on Friday, September 22nd. They issued an “outperform” rating for the company. J P Morgan Chase & Co initiated coverage on shares of CoreSite Realty in a report on Monday, September 25th. They issued a “neutral” rating and a $118.00 price target for the company. Finally, Zacks Investment Research raised shares of CoreSite Realty from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a report on Wednesday, September 27th. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $109.55.

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CoreSite Realty 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 (NYSE:COR)

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