Sumitomo Mitsui Trust Holdings Inc. grew its stake in CoreSite Realty Corp (NYSE:COR) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,546 shares of the real estate investment trust’s stock after purchasing an additional 2,840 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in CoreSite Realty were worth $3,939,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in CoreSite Realty by 4.4% during the first quarter. JPMorgan Chase & Co. now owns 938,604 shares of the real estate investment trust’s stock worth $94,104,000 after acquiring an additional 39,674 shares during the period. Millennium Management LLC grew its holdings in CoreSite Realty by 7.1% during the first quarter. Millennium Management LLC now owns 523,924 shares of the real estate investment trust’s stock worth $52,529,000 after acquiring an additional 34,708 shares during the period. Dimensional Fund Advisors LP grew its holdings in CoreSite Realty by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 519,837 shares of the real estate investment trust’s stock worth $52,119,000 after acquiring an additional 12,266 shares during the period. Franklin Resources Inc. grew its holdings in CoreSite Realty by 5.1% during the first quarter. Franklin Resources Inc. now owns 489,176 shares of the real estate investment trust’s stock worth $49,045,000 after acquiring an additional 23,661 shares during the period. Finally, BTIM Corp. acquired a new position in CoreSite Realty during the second quarter worth $33,247,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

CoreSite Realty stock opened at $114.68 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.43 and a beta of 0.37. CoreSite Realty Corp has a fifty-two week low of $89.76 and a fifty-two week high of $120.85.

CoreSite Realty (NYSE:COR) last posted its earnings results on Thursday, July 26th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.67). The firm had revenue of $136.40 million during the quarter, compared to analyst estimates of $132.99 million. CoreSite Realty had a net margin of 15.23% and a return on equity of 19.09%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the company posted $1.10 EPS. equities analysts predict that CoreSite Realty Corp will post 5.07 EPS for the current year.

A number of research analysts recently weighed in on COR shares. Zacks Investment Research raised CoreSite Realty from a “sell” rating to a “hold” rating in a report on Friday, July 27th. Credit Suisse Group upped their price objective on CoreSite Realty from $107.00 to $112.00 and gave the stock a “hold” rating in a report on Friday, April 27th. BMO Capital Markets started coverage on CoreSite Realty in a report on Tuesday, July 17th. They set a “market perform” rating and a $119.00 price objective on the stock. TheStreet raised CoreSite Realty from a “c+” rating to a “b-” rating in a report on Tuesday, May 15th. Finally, Citigroup upped their price objective on CoreSite Realty from $105.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, July 30th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $119.00.

In other CoreSite Realty news, SVP Brian Warren sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $115.11, for a total value of $1,151,100.00. Following the sale, the senior vice president now owns 26,623 shares of the company’s stock, valued at $3,064,573.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark R. Jones sold 600 shares of the company’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $113.31, for a total value of $67,986.00. Following the completion of the sale, the insider now directly owns 16,221 shares in the company, valued at approximately $1,838,001.51. The disclosure for this sale can be found here. Insiders sold 2,268,100 shares of company stock worth $253,827,461 in the last three months. 1.50% of the stock is owned by corporate insiders.

CoreSite Realty Company Profile

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.

Recommended Story: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Want to see what other hedge funds are holding COR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreSite Realty Corp (NYSE:COR).

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

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