First Trust Advisors LP grew its holdings in CoreSite Realty Corporation (NYSE:COR) by 227.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,072 shares of the real estate investment trust’s stock after purchasing an additional 73,693 shares during the quarter. First Trust Advisors LP owned about 0.31% of CoreSite Realty Corporation worth $11,869,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in COR. OppenheimerFunds Inc. lifted its stake in CoreSite Realty Corporation by 26.2% in the 1st 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 in the last quarter. PNC Financial Services Group Inc. lifted its stake in CoreSite Realty Corporation by 11.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,178 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 435 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in CoreSite Realty Corporation by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 457,964 shares of the real estate investment trust’s stock worth $41,239,000 after purchasing an additional 23,454 shares in the last quarter. State Street Corp lifted its stake in CoreSite Realty Corporation by 8.3% in the 1st quarter. State Street Corp now owns 826,392 shares of the real estate investment trust’s stock worth $74,416,000 after purchasing an additional 63,493 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in CoreSite Realty Corporation in the 1st quarter worth approximately $302,000. 99.66% of the stock is currently owned by institutional investors and hedge funds.

CoreSite Realty Corporation (NYSE COR) opened at $117.97 on Thursday. The company has a market cap of $4,004.54, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 1.58 and a beta of 0.43. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.29. CoreSite Realty Corporation has a 12 month low of $64.81 and a 12 month high of $120.85.

CoreSite Realty Corporation (NYSE:COR) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts’ consensus estimates 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 15.35% and a net margin of 15.21%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. sell-side analysts forecast that CoreSite Realty Corporation will post 4.48 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.05%. CoreSite Realty Corporation’s payout ratio is currently 195.65%.

Several analysts have recently commented on the stock. ValuEngine raised shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research lowered shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Credit Suisse Group set a $111.00 price target on shares of CoreSite Realty Corporation and gave the company a “hold” rating in a research report on Friday, October 27th. Citigroup Inc. lifted their price target on shares of CoreSite Realty Corporation from $109.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $111.00 price target on shares of CoreSite Realty Corporation in a research report on Thursday, October 19th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $107.20.

In other 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 completion of the sale, the chief financial officer now directly owns 98,562 shares of the company’s stock, valued at $10,781,697.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 sale, the senior vice president now directly owns 36,613 shares of the company’s stock, valued at $4,004,363.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,805 shares of company stock valued at $1,868,981. Insiders own 1.50% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “First Trust Advisors LP Grows Holdings in CoreSite Realty Corporation (COR)” was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://theolympiareport.com/2017/11/09/first-trust-advisors-lp-grows-holdings-in-coresite-realty-corporation-cor.html.

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.

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

Receive News & Ratings for CoreSite Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.