Macquarie Group Ltd. cut its holdings in CoreSite Realty Corporation (NYSE:COR) by 11.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,281 shares of the real estate investment trust’s stock after selling 14,120 shares during the period. Macquarie Group Ltd. owned approximately 0.33% of CoreSite Realty Corporation worth $11,624,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in CoreSite Realty Corporation by 73.5% during the first quarter. First Trust Advisors LP now owns 18,520 shares of the real estate investment trust’s stock worth $1,668,000 after buying an additional 7,845 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in CoreSite Realty Corporation by 17.1% during the first quarter. UBS Asset Management Americas Inc. now owns 21,647 shares of the real estate investment trust’s stock worth $1,949,000 after buying an additional 3,168 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in CoreSite Realty Corporation by 1.9% during the first quarter. Parametric Portfolio Associates LLC now owns 66,451 shares of the real estate investment trust’s stock worth $5,984,000 after buying an additional 1,270 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in CoreSite Realty Corporation by 1.5% during the first quarter. Envestnet Asset Management Inc. now owns 5,533 shares of the real estate investment trust’s stock worth $499,000 after buying an additional 81 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in CoreSite Realty Corporation by 5.3% during the first quarter. Stifel Financial Corp now owns 2,903 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 145 shares in the last quarter. Institutional investors and hedge funds own 98.32% of the company’s stock.

CoreSite Realty Corporation (COR) opened at 112.29 on Friday. The company has a market cap of $3.84 billion, a PE ratio of 64.61 and a beta of 0.56. CoreSite Realty Corporation has a 12-month low of $64.81 and a 12-month high of $120.85. The stock has a 50 day moving average of $113.34 and a 200-day moving average of $105.27.

CoreSite Realty Corporation (NYSE:COR) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.02. The company had revenue of $117.89 million during the quarter, compared to the consensus estimate of $117.32 million. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. CoreSite Realty Corporation’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. On average, equities research analysts anticipate that CoreSite Realty Corporation will post $1.82 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.90 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.60 dividend on an annualized basis and a yield of 3.21%. CoreSite Realty Corporation’s payout ratio is 206.90%.

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COR has been the topic of a number of analyst reports. BidaskClub downgraded shares of CoreSite Realty Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Credit Suisse Group initiated coverage on shares of CoreSite Realty Corporation in a research note on Friday, June 30th. They set a “neutral” rating and a $103.00 price objective on the stock. 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. Zacks Investment Research downgraded shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, 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 Friday, July 14th. Seven 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 company currently has a consensus rating of “Buy” and a consensus target price of $104.56.

In related news, CEO Paul E. Szurek sold 3,805 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total value of $447,011.40. Following the completion of the sale, the chief executive officer now owns 93,405 shares in the company, valued at approximately $10,973,219.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Derek Mccandless sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $1,107,400.00. Following the completion of the sale, the senior vice president now owns 48,913 shares of the company’s stock, valued at approximately $5,416,625.62. The disclosure for this sale can be found here. Insiders sold a total of 21,805 shares of company stock valued at $2,440,331 in the last 90 days. 1.50% of the stock is currently owned by corporate 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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