Nisa Investment Advisors LLC trimmed its stake in shares of CoreSite Realty Corp (NYSE:COR) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,680 shares of the real estate investment trust’s stock after selling 500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in CoreSite Realty were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Schroder Investment Management Group bought a new stake in shares of CoreSite Realty in the 2nd quarter worth approximately $188,000. Eaton Vance Management raised its holdings in shares of CoreSite Realty by 22.1% in the 2nd quarter. Eaton Vance Management now owns 6,447 shares of the real estate investment trust’s stock worth $667,000 after purchasing an additional 1,168 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in shares of CoreSite Realty by 85.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,597 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 1,197 shares in the last quarter. Nationwide Fund Advisors raised its holdings in shares of CoreSite Realty by 3.4% in the 2nd quarter. Nationwide Fund Advisors now owns 51,343 shares of the real estate investment trust’s stock worth $5,316,000 after purchasing an additional 1,704 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of CoreSite Realty by 48.9% in the 2nd quarter. Amalgamated Bank now owns 6,611 shares of the real estate investment trust’s stock worth $684,000 after purchasing an additional 2,172 shares in the last quarter. Institutional investors own 97.82% of the company’s stock.

CoreSite Realty Corp (COR) opened at $107.00 on Tuesday. CoreSite Realty Corp has a 1 year low of $83.82 and a 1 year high of $120.85. The company has a market cap of $3,681.99, a P/E ratio of 58.15, a P/E/G ratio of 1.26 and a beta of 0.44. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80.

CoreSite Realty (NYSE:COR) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.64). The business had revenue of $123.07 million during the quarter, compared to analyst estimates of $121.27 million. CoreSite Realty had a net margin of 15.21% and a return on equity of 15.35%. CoreSite Realty’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. equities analysts anticipate that CoreSite Realty Corp will post 4.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.98 dividend. The ex-dividend date was Thursday, December 28th. This is a boost from CoreSite Realty’s previous quarterly dividend of $0.90. This represents a $3.92 dividend on an annualized basis and a yield of 3.66%. CoreSite Realty’s payout ratio is 213.04%.

In other CoreSite Realty news, SVP Steven James Smith sold 7,121 shares of CoreSite Realty stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $112.73, for a total value of $802,750.33. Following the completion of the sale, the senior vice president now directly owns 48,137 shares in the company, valued at $5,426,484.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Derek Mccandless sold 5,000 shares of CoreSite Realty stock in a transaction that occurred on 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 owns 36,613 shares of the company’s stock, valued at $4,004,363.81. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 150,000 shares of company stock valued at $55,000 and sold 20,121 shares valued at $2,224,720. 1.50% of the stock is owned by insiders.

COR has been the topic of several analyst reports. JPMorgan Chase & Co. initiated coverage on shares of CoreSite Realty in a research report on Monday, September 25th. They issued a “neutral” rating and a $118.00 target price on the stock. Zacks Investment Research raised shares of CoreSite Realty from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Wednesday, September 27th. KeyCorp reissued a “hold” rating on shares of CoreSite Realty in a research report on Thursday, October 12th. Cowen reaffirmed a “buy” rating and set a $111.00 price objective on shares of CoreSite Realty in a research report on Thursday, October 19th. Finally, Citigroup boosted their price objective on shares of CoreSite Realty from $109.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. CoreSite Realty has an average rating of “Buy” and an average target price of $110.75.

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CoreSite Realty 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 (NYSE:COR)

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