GSA Capital Partners LLP Sells 2,026 Shares of CoreSite Realty Corporation (COR)

GSA Capital Partners LLP cut its holdings in CoreSite Realty Corporation (NYSE:COR) by 32.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,168 shares of the real estate investment trust’s stock after selling 2,026 shares during the period. GSA Capital Partners LLP’s holdings in CoreSite Realty Corporation were worth $432,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its stake in CoreSite Realty Corporation by 53.9% in the second quarter. BNP Paribas Arbitrage SA now owns 13,108 shares of the real estate investment trust’s stock worth $1,357,000 after purchasing an additional 4,593 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of CoreSite Realty Corporation by 111.1% during the second quarter. State Board of Administration of Florida Retirement System now owns 49,987 shares of the real estate investment trust’s stock valued at $5,175,000 after acquiring an additional 26,307 shares during the last quarter. US Bancorp DE raised its stake in shares of CoreSite Realty Corporation by 6.7% during the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 75 shares during the last quarter. Jane Street Group LLC bought a new position in shares of CoreSite Realty Corporation during the first quarter valued at about $233,000. Finally, Eagle Asset Management Inc. raised its stake in shares of CoreSite Realty Corporation by 1.6% during the second quarter. Eagle Asset Management Inc. now owns 63,673 shares of the real estate investment trust’s stock valued at $6,592,000 after acquiring an additional 974 shares during the last quarter. 98.32% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on COR shares. BidaskClub downgraded shares of CoreSite Realty Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Credit Suisse Group started coverage on shares of CoreSite Realty Corporation in a research note on Friday, June 30th. They set a “neutral” rating and a $103.00 price objective for the company. Macquarie reaffirmed a “hold” rating and set a $84.00 price objective on shares of CoreSite Realty Corporation in a research note on Tuesday, July 4th. Zacks Investment Research downgraded shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $117.00 price objective on shares of CoreSite Realty Corporation in a research note on Friday, July 14th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. CoreSite Realty Corporation has a consensus rating of “Buy” and a consensus target price of $104.56.

CoreSite Realty Corporation (COR) opened at 113.78 on Friday. CoreSite Realty Corporation has a 52 week low of $64.81 and a 52 week high of $120.85. The stock’s 50 day moving average is $113.49 and its 200 day moving average is $104.97. The company has a market capitalization of $3.89 billion, a P/E ratio of 65.47 and a beta of 0.56.

CoreSite Realty Corporation (NYSE:COR) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. The firm had revenue of $117.89 million during the quarter, compared to analysts’ expectations of $117.32 million. During the same period in the previous year, the company earned $0.89 EPS. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, equities research analysts expect that CoreSite Realty Corporation will post $1.82 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.60 dividend on an annualized basis and a yield of 3.16%. CoreSite Realty Corporation’s payout ratio is 206.90%.

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In related news, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total transaction of $1,107,400.00. Following the completion of the sale, the senior vice president now owns 48,913 shares in the company, valued at approximately $5,416,625.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul E. Szurek sold 3,805 shares of CoreSite Realty Corporation stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $117.48, for a total transaction of $447,011.40. Following the sale, the chief executive officer now owns 93,405 shares of the company’s stock, valued at approximately $10,973,219.40. The disclosure for this sale can be found here. Insiders have sold a total of 21,805 shares of company stock valued at $2,440,331 in the last quarter. 1.50% of the stock is currently owned by company insiders.

About CoreSite Realty Corporation

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.

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

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