CoreSite Realty Corporation (COR) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its stake in CoreSite Realty Corporation (NYSE:COR) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,900 shares of the real estate investment trust’s stock after selling 1,800 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of CoreSite Realty Corporation worth $7,237,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new stake in CoreSite Realty Corporation in the 2nd quarter worth approximately $103,000. US Bancorp DE lifted its position in CoreSite Realty Corporation by 6.7% in the 2nd quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 75 shares in the last quarter. LS Investment Advisors LLC lifted its position in CoreSite Realty Corporation by 4.6% in the 2nd quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 56 shares in the last quarter. IFP Advisors Inc lifted its position in CoreSite Realty Corporation by 14.6% in the 2nd quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 174 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in CoreSite Realty Corporation by 115.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 783 shares in the last quarter. Institutional investors own 98.32% of the company’s stock.

A number of equities research analysts have issued reports on the stock. KeyCorp reiterated a “hold” rating on shares of CoreSite Realty Corporation in a research report on Thursday. Zacks Investment Research upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research report on Wednesday, September 27th. J P Morgan Chase & Co assumed coverage on shares of CoreSite Realty Corporation in a research report on Monday, September 25th. They issued a “neutral” rating and a $118.00 target price for the company. William Blair assumed coverage on shares of CoreSite Realty Corporation in a research report on Friday, September 22nd. They issued an “outperform” rating for the company. Finally, BidaskClub upgraded shares of CoreSite Realty Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $104.56.

CoreSite Realty Corporation (NYSE:COR) last announced 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 business had revenue of $117.89 million during the quarter, compared to analysts’ expectations of $117.32 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The firm’s revenue was up 22.7% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.16%. The ex-dividend date is Thursday, September 28th. CoreSite Realty Corporation’s payout ratio is 206.90%.

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In related news, SVP Derek Mccandless sold 10,000 shares of the stock in a transaction 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 owns 48,913 shares in the company, valued at $5,416,625.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was 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 disclosure for this sale can be found here. Insiders have sold 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.

CoreSite Realty Corporation 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 Corporation (NYSE:COR)

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