Private Advisor Group LLC Acquires 4,302 Shares of CoreSite Realty Corp (NYSE:COR)

Private Advisor Group LLC raised its holdings in CoreSite Realty Corp (NYSE:COR) by 76.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,956 shares of the real estate investment trust’s stock after purchasing an additional 4,302 shares during the quarter. Private Advisor Group LLC’s holdings in CoreSite Realty were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Tortoise Index Solutions LLC bought a new position in shares of CoreSite Realty during the 1st quarter worth $28,000. Bremer Bank National Association purchased a new stake in CoreSite Realty during the 1st quarter worth about $40,000. Steward Partners Investment Advisory LLC purchased a new stake in CoreSite Realty during the 2nd quarter worth about $51,000. Institutional & Family Asset Management LLC lifted its holdings in CoreSite Realty by 33.3% during the 1st quarter. Institutional & Family Asset Management LLC now owns 800 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 200 shares in the last quarter. Finally, Destination Wealth Management purchased a new stake in CoreSite Realty during the 2nd quarter worth about $103,000. Hedge funds and other institutional investors own 92.33% of the company’s stock.

Shares of NYSE:COR traded down $2.33 on Tuesday, hitting $118.64. The company’s stock had a trading volume of 8,320 shares, compared to its average volume of 260,977. The company has a 50-day simple moving average of $114.18 and a 200 day simple moving average of $112.57. CoreSite Realty Corp has a 1 year low of $82.64 and a 1 year high of $121.64. The company has a market capitalization of $4.42 billion, a PE ratio of 23.46, a PEG ratio of 1.81 and a beta of 0.49. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.18 and a quick ratio of 0.18.



CoreSite Realty (NYSE:COR) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.75). CoreSite Realty had a net margin of 13.82% and a return on equity of 24.19%. The business had revenue of $142.91 million during the quarter, compared to analysts’ expectations of $142.85 million. During the same period in the previous year, the business earned $1.28 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts expect that CoreSite Realty Corp will post 5.09 earnings per share for the current fiscal year.

The company also recently disclosed a — dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a dividend yield of 4.1%. CoreSite Realty’s dividend payout ratio (DPR) is presently 96.44%.

A number of brokerages recently issued reports on COR. Guggenheim set a $119.00 price objective on CoreSite Realty and gave the stock a “hold” rating in a report on Thursday, September 12th. Credit Suisse Group dropped their price objective on CoreSite Realty from $111.00 to $103.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Stifel Nicolaus set a $110.00 price objective on CoreSite Realty and gave the stock a “hold” rating in a report on Friday, July 26th. ValuEngine cut CoreSite Realty from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, BMO Capital Markets reissued a “hold” rating and set a $112.00 price objective on shares of CoreSite Realty in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $108.80.

In other news, CRO Steven James Smith sold 1,300 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $120.00, for a total transaction of $156,000.00. Following the transaction, the executive now directly owns 40,349 shares in the company, valued at approximately $4,841,880. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark R. Jones sold 750 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $107.79, for a total value of $80,842.50. Following the transaction, the chief accounting officer now owns 14,632 shares in the company, valued at $1,577,183.28. The disclosure for this sale can be found here. Insiders have sold a total of 807,640 shares of company stock worth $89,441,796 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

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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