CoreSite Realty Corp (NYSE:COR) Shares Purchased by Landsberg Bennett & Dubbaneh LLC

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Landsberg Bennett & Dubbaneh LLC raised its holdings in shares of CoreSite Realty Corp (NYSE:COR) by 1.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,820 shares of the real estate investment trust’s stock after purchasing an additional 221 shares during the quarter. Landsberg Bennett & Dubbaneh LLC owned 0.05% of CoreSite Realty worth $2,384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Zions Bancorporation N.A. grew its stake in CoreSite Realty by 5.7% during the 2nd quarter. Zions Bancorporation N.A. now owns 1,686 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 91 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of CoreSite Realty by 1.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,790 shares of the real estate investment trust’s stock worth $782,000 after acquiring an additional 100 shares in the last quarter. BB&T Securities LLC grew its position in shares of CoreSite Realty by 4.7% in the 2nd quarter. BB&T Securities LLC now owns 2,223 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 100 shares in the last quarter. Profund Advisors LLC grew its position in shares of CoreSite Realty by 3.4% in the 2nd quarter. Profund Advisors LLC now owns 5,547 shares of the real estate investment trust’s stock worth $639,000 after acquiring an additional 184 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of CoreSite Realty by 3.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the real estate investment trust’s stock worth $714,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 92.33% of the company’s stock.

NYSE:COR traded up $1.13 during midday trading on Friday, reaching $118.54. 6,237 shares of the company traded hands, compared to its average volume of 272,750. CoreSite Realty Corp has a twelve month low of $82.64 and a twelve month high of $122.45. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 1.78 and a beta of 0.48. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.18 and a quick ratio of 0.18. The company has a fifty day moving average price of $117.13 and a 200 day moving average price of $114.00.

CoreSite Realty (NYSE:COR) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $142.91 million for the quarter, compared to analyst estimates of $142.85 million. During the same quarter in the prior year, the firm earned $1.28 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts forecast that CoreSite Realty Corp will post 5.09 earnings per share for the current fiscal year.

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

Several research analysts have recently commented on COR shares. ValuEngine lowered CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Raymond James decreased their target price on CoreSite Realty from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. BMO Capital Markets reiterated a “hold” rating and issued a $112.00 target price on shares of CoreSite Realty in a research report on Thursday, July 25th. Zacks Investment Research lowered CoreSite Realty from a “hold” rating to a “sell” rating in a research report on Monday, September 30th. Finally, Credit Suisse Group decreased their target price on CoreSite Realty from $111.00 to $103.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $108.80.

In related news, SVP Brian Warren sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $108.56, for a total transaction of $217,120.00. Following the completion of the transaction, the senior vice president now owns 24,406 shares in the company, valued at approximately $2,649,515.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Paul E. Szurek sold 3,590 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $110.26, for a total value of $395,833.40. Following the transaction, the chief executive officer now owns 174,714 shares of the company’s stock, valued at approximately $19,263,965.64. The disclosure for this sale can be found here. Insiders have sold a total of 806,504 shares of company stock valued at $89,305,107 in the last 90 days. Insiders own 1.20% of the company’s stock.

CoreSite Realty 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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