Comerica Bank cut its stake in CoreSite Realty Corp (NYSE:COR) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,939 shares of the real estate investment trust’s stock after selling 146 shares during the period. Comerica Bank’s holdings in CoreSite Realty were worth $2,637,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc boosted its holdings in shares of CoreSite Realty by 4.0% in the third quarter. Vanguard Group Inc now owns 5,337,300 shares of the real estate investment trust’s stock valued at $593,187,000 after acquiring an additional 204,628 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of CoreSite Realty by 3.5% in the fourth quarter. BlackRock Inc. now owns 3,883,540 shares of the real estate investment trust’s stock valued at $338,762,000 after acquiring an additional 133,124 shares in the last quarter. Mairs & Power INC boosted its holdings in shares of CoreSite Realty by 9.4% in the fourth quarter. Mairs & Power INC now owns 949,513 shares of the real estate investment trust’s stock valued at $82,826,000 after acquiring an additional 81,519 shares in the last quarter. Lasalle Investment Management Securities LLC bought a new position in shares of CoreSite Realty in the fourth quarter valued at approximately $53,158,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of CoreSite Realty by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 546,769 shares of the real estate investment trust’s stock valued at $47,695,000 after acquiring an additional 19,319 shares in the last quarter. Institutional investors and hedge funds own 93.22% of the company’s stock.

Shares of NYSE:COR opened at $118.37 on Thursday. The company has a market cap of $4.34 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 1.72 and a beta of 0.73. CoreSite Realty Corp has a 1-year low of $82.64 and a 1-year high of $118.69. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 3.95.

CoreSite Realty (NYSE:COR) last issued its earnings results on Wednesday, April 24th. The real estate investment trust reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.29 by ($0.04). The business had revenue of $138.90 million for the quarter, compared to the consensus estimate of $140.06 million. CoreSite Realty had a return on equity of 22.25% and a net margin of 13.96%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 earnings per share. As a group, sell-side analysts anticipate that CoreSite Realty Corp will post 5.24 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Thursday, June 27th. This is an increase from CoreSite Realty’s previous quarterly dividend of $1.10. CoreSite Realty’s dividend payout ratio is 86.96%.

COR has been the subject of a number of research reports. Jefferies Financial Group restated a “hold” rating and set a $100.00 target price on shares of CoreSite Realty in a report on Friday, February 8th. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of CoreSite Realty in a report on Thursday, February 7th. JPMorgan Chase & Co. cut shares of CoreSite Realty from a “neutral” rating to an “underweight” rating and set a $95.00 target price for the company. in a report on Monday, February 11th. Cowen restated a “hold” rating and set a $106.00 target price on shares of CoreSite Realty in a report on Sunday, February 10th. Finally, Stifel Nicolaus set a $105.00 target price on shares of CoreSite Realty and gave the stock a “hold” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $109.91.

In related news, CAO Mark R. Jones sold 600 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $105.42, for a total value of $63,252.00. Following the completion of the sale, the chief accounting officer now owns 15,021 shares in the company, valued at approximately $1,583,513.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Brian Warren sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $113.08, for a total transaction of $226,160.00. Following the completion of the sale, the senior vice president now owns 25,306 shares of the company’s stock, valued at approximately $2,861,602.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,087 shares of company stock valued at $3,907,077. 1.20% of the stock is owned by insiders.

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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.

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

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