7,393 Shares in CoreSite Realty Corporation (COR) Purchased by Piedmont Investment Advisors LLC

Piedmont Investment Advisors LLC acquired a new stake in shares of CoreSite Realty Corporation (NYSE:COR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,393 shares of the real estate investment trust’s stock, valued at approximately $765,000.

Several other institutional investors also recently added to or reduced their stakes in COR. UBS Asset Management Americas Inc. raised its position in shares of 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 valued at $1,949,000 after buying an additional 3,168 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 valued at $499,000 after buying an additional 81 shares during the last quarter. Stifel Financial Corp increased its position in CoreSite Realty Corporation by 5.3% in the first quarter. Stifel Financial Corp now owns 2,903 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 145 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in CoreSite Realty Corporation by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 7,740 shares of the real estate investment trust’s stock worth $697,000 after purchasing an additional 80 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its position in CoreSite Realty Corporation by 26.2% in the first quarter. OppenheimerFunds Inc. now owns 3,931 shares of the real estate investment trust’s stock worth $354,000 after purchasing an additional 817 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

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Several equities research analysts recently weighed in on COR shares. BidaskClub upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Macquarie reaffirmed a “hold” rating and set a $84.00 price objective on shares of CoreSite Realty Corporation in a research note on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CoreSite Realty Corporation in a research note on Tuesday, July 18th. Zacks Investment Research lowered shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, JPMorgan Chase & Co. initiated coverage on shares of CoreSite Realty Corporation in a research note on Monday, September 25th. They set a “neutral” rating and a $118.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. CoreSite Realty Corporation presently has a consensus rating of “Buy” and an average price target of $106.40.

In other news, CEO Paul E. Szurek sold 3,805 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $10,973,219.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total value of $885,920.00. Following the completion of the sale, the chief financial officer now directly 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 sold 21,805 shares of company stock valued at $2,440,331 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Shares of CoreSite Realty Corporation (NYSE COR) traded up 0.93% during trading on Friday, reaching $111.26. 32,435 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $112.62 and a 200 day moving average price of $106.62. CoreSite Realty Corporation has a 12-month low of $64.81 and a 12-month high of $120.85. The company has a market capitalization of $3.81 billion, a P/E ratio of 64.02 and a beta of 0.56.

CoreSite Realty Corporation (NYSE:COR) last announced its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.64). The firm had revenue of $123.07 million for the quarter, compared to analyst estimates of $121.27 million. CoreSite Realty Corporation had a return on equity of 14.14% and a net margin of 15.15%. The business’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 earnings per share. Equities analysts expect that CoreSite Realty Corporation will post $1.82 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, September 28th. CoreSite Realty Corporation’s payout ratio is 206.90%.

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.

Institutional Ownership by Quarter for CoreSite Realty Corporation (NYSE:COR)

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