LS Investment Advisors LLC raised its stake in CoreSite Realty Corporation (NYSE:COR) by 4.6% during the second quarter, Holdings Channel reports. The institutional investor owned 1,280 shares of the real estate investment trust’s stock after buying an additional 56 shares during the period. LS Investment Advisors LLC’s holdings in CoreSite Realty Corporation were worth $133,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in 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 in the last quarter. Creative Planning increased its stake in CoreSite Realty Corporation by 129.2% in the first quarter. Creative Planning now owns 2,292 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 1,292 shares in the last quarter. Covenant Asset Management LLC acquired a new stake in CoreSite Realty Corporation during the second quarter valued at about $207,000. Pitcairn Co. acquired a new stake in CoreSite Realty Corporation during the first quarter valued at about $216,000. Finally, Everence Capital Management Inc. acquired a new stake in CoreSite Realty Corporation during the first quarter valued at about $221,000.

Shares of CoreSite Realty Corporation (NYSE COR) traded up 0.49% on Friday, hitting $106.39. 198,421 shares of the stock traded hands. The stock has a 50-day moving average price of $105.96 and a 200 day moving average price of $97.02. CoreSite Realty Corporation has a 12-month low of $64.81 and a 12-month high of $113.55. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 61.21 and a beta of 0.57.

CoreSite Realty Corporation (NYSE:COR) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, beating 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 quarter last year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. On average, analysts anticipate that CoreSite Realty Corporation will post $1.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a $0.90 dividend. This is a positive change from CoreSite Realty Corporation’s previous quarterly dividend of $0.80. The ex-dividend date was Wednesday, June 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.40%. CoreSite Realty Corporation’s dividend payout ratio (DPR) is currently 206.90%.

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Several equities research analysts have issued reports on COR shares. Zacks Investment Research upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Wednesday, June 28th. BidaskClub downgraded shares of CoreSite Realty Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating and set a $117.00 price objective on shares of CoreSite Realty Corporation in a research note on Wednesday, June 14th. Royal Bank Of Canada reiterated a “buy” rating and set a $110.00 price objective on shares of CoreSite Realty Corporation in a research note on Thursday, June 8th. Finally, Macquarie reiterated a “hold” rating and set a $84.00 price objective on shares of CoreSite Realty Corporation in a research note on Tuesday, July 4th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $98.00.

In other 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 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Derek Mccandless sold 10,000 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 $1,107,400.00. Following the completion of 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. In the last three months, insiders sold 28,000 shares of company stock worth $3,048,120. Insiders own 3.10% of the company’s stock.

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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